VeChain Biosphere Is Quietly Becoming a Major Player in the Rapidly Growing Sustainability Sector

Sustainability is receiving a record amount of investment, and VeChain Biosphere, which was launched earlier this year is acting as a key player in this.

Record levels of investment are being poured into sustainability, and a key player in this sector is VeChain Biosphere, which launched earlier this year.

VeChain Biosphere allows users to develop blockchain-based solutions to sustainability challenges, a domain that has proven to be a great fit for the technology.

Why is sustainable development such a big deal?

Sustainable development is becoming more pressing in the face of several key challenges confronting humanity.

Individual reports also paint an impressive picture, with one report from the Global Sustainable Investment Alliance estimating that more than $30 trillion is channeled into sustainable investment assets each year globally. The U.S. has led this domain for decades, but other countries have seen a 20% increase in sustainable assets under management since 2020.

Growing awareness of this is leading to record levels of investment in select sectors, with clean energy attracting $1.1 trillion in 2022.

The Morgan Stanley report also showed that sustainability ventures, such as sustainable funds, are yielding an average return of 10% last year, compared to the market average of 6.4%, with a standard deviation of 12%.

Blockchain technology has a wide range of applications, fundamentally improving related sectors, such as secure data exchange, supply chains, and more.

Launched earlier this year, VeChain Biosphere is at the heart of this domain, enabling users to develop blockchain-based solutions to sustainability challenges.

Sustainability from VeChain

The VeChain platform provides a framework for developing blockchain solutions in the sustainability sector, and the VeBetterDAO ecosystem has already seen two million transactions in just nine weeks, highlighting the platform’s traction.

For instance, SolarWise is opening its first solar farm in Brazil later this month and is planning to integrate VET as a utility token, putting on hold plans for its own SUN token.

The #VeChain Biosphere is a framework within which blockchain powered solutions can be developed for #Sustainability challenges around the globe. These solutions, connected with #Web3 technology, will galvanise the collective action required to overcome today’s challenges$VET

— Splendid.vet Ⓥ (@SplendidMite) September 2, 2024″

According to VeChain’s Communications Lead Jake C., the DAO is “uniquely positioned to tackle this very real, and very large economic opportunity.”

“Quietly, sustainability became one of the fastest growing, and most profitable economic sectors in the world.

– Clean energy investments in 2022 – $1.1Trillion.

– Sustainability related US investments in 2020 – 1/3 of ALL assets under management.

– ESG investing in Q4 2020 -… pic.twitter.com/Um5dQvtl3e

— Jake | VeChain ⓥ (@solomon_grundle) August 28, 2024″

Jake added:

“On-chain sustainability proofs, supply chain data, digital passports, physicals, and more combine to offer the business world the perfect toolkit for dealing with the challenges of ‘proving sustainability.’ Regulators in the EU and US continue to push businesses toward novel technologies to meet strict reporting demands, and VeChain’s leading consulting partners continue to open doors to those entities – a perfect storm for adoption.”

Conclusion

Blockchain technology is becoming a major trend in solving real-world problems, and its relevance is growing, just as the tokenization of real assets is leading the crypto industry.

All of this suggests that blockchain and crypto are not losing their relevance despite the market fluctuations, which means their price should also be increasingly correlated with applications.

It seems that there is an entire crypto sector emerging that we will have to pay more and more attention to in the near future.

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