Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Blockchain
  • News

Sunny Lu: Blockchain and VeChain Can Be a Game-Changer in the Quest to Decarbonize the World

Tobi Loba March 19, 2021 3 min read
Sunny Lu: DNV and PWC Customers Will Choose VeChain If They Want To Use Blockchain

Sunny Lu, the CEO of VeChain Foundation, took to Twitter moments ago to reiterate the capability of blockchain technology, especially VeChain, in the quest to decarbonize the world and realize a carbon-neutral environment.

In the successive tweets, Sunny Lu informed the community that China just announced to add Decarbonization and Carbon Neural to its national plan for the next five years.


trade now

Read Also: CEO Sunny Lu: Ripple and VeChain Would Make a Good Partnership(

According to Lu, this new plan announced in China was initiated by VeChain in 2018, in conjunction with DNV GL and BYD, one of the largest Chinese car brands and the world’s top-selling plug-in electric car manufacturer.

The VeChain CEO further pointed out that he believes that blockchain and VeChain are capable of bringing a notable change to the decarbonization sector, adding that the vital change can emerge through digitizing individual’s effort to sustainability.

Sunny Lu noted:

“China just announced to put Decarbonization and Carbon Neural into the next 5 years national plan like what Blockchain was put in the same plan of last one. Everyone can see what Blockchain’s position is today. Luckily, VeChain started this initiative since 2018 with BYD and @DNV.

“I believe that Blockchain and VeChain can really change this sector and bring it to the next level which has been “floating” for many years. The key change will be to digitize an individual’s effort to sustainability. And education is not enough for sure, but incentives will do.”

Read Also: Can VeChain’s Code Be Replicated by Pirates? VeChain Chief Scientist Answers, Sunny Lu Corroborates

BYD Developed Carbon Banking Solution in Conjunction with DNV GL and VeChain

In 2018, BYD, one of the largest Chinese car brands, partnered with DNV GL and VeChain in the quest to tackle carbon emission imbalances, completing a blockchain-based proof of concept that is mass-production ready.

According to the report published by VeChain Foundation in September 2018, the carbon banking solution debuted by BYD was developed on the VeChainThor public blockchain platform.

Going by the report, the carbon solution rewards vehicle operators with carbon credits based on their vehicles’ driving performance and carbon reduction, which provides the necessary tools to build a blockchain-based ecosystem aimed at reducing the global carbon footprint.

Read Also: VeChain (VET) Powers ReSea Project to Trace Its Ocean Cleanup Solution

Each footprint was said to be recorded on the VeChainThor blockchain and made available to clients interested in participating in the initiative.


Follow us on Twitter, Facebook, Telegram, and Download Our Android App

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: Charles Hoskinson: We Are At the Cusp of Deals That Will Bring Millions of Users to Cardano
Next: Associated Press to Record Basketball Scores on Ethereum in Conjunction with Everipedia

Related Stories

Fidelity Expands its Crypto Trading Service to Retail Investors Amid Banking Crisis
3 min read
  • Altcoins
  • Bitcoin (BTC)
  • Crypto Trading
  • Cryptocurrency
  • Ethereum (ETH)
  • News

Fidelity Expands its Crypto Trading Service to Retail Investors Amid Banking Crisis

March 24, 2023
Ethereum Blockchain Introduces New URL Standard as an Alternative to HTTP Protocol
3 min read
  • Altcoins
  • Blockchain
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Technology
  • Web3

Ethereum Blockchain Introduces New URL Standard as an Alternative to HTTP Protocol

March 24, 2023
Algorand Foundation CEO Gives Reason For Coinbase’s Move To Halt Staking Rewards 
3 min read
  • Algorand (ALGO)
  • Blockchain
  • Crypto Staking
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Regulation

Algorand Foundation CEO Gives Reason For Coinbase’s Move To Halt Staking Rewards 

March 24, 2023

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$27,965.00
1.58%
ethereum
Ethereum (ETH)
$1,778.84
1.40%
tether
Tether (USDT)
$1.00
-0.26%
binancecoin
BNB (BNB)
$323.18
-0.59%
usd-coin
USD Coin (USDC)
$1.00
-0.10%
ripple
XRP (XRP)
$0.428206
-3.73%
cardano
Cardano (ADA)
$0.361850
-2.54%
dogecoin
Dogecoin (DOGE)
$0.075075
-2.03%
binance-usd
Binance USD (BUSD)
$0.99
-0.72%
polkadot
Polkadot (DOT)
$6.14
-0.28%

Recent Posts

  • Fidelity Expands its Crypto Trading Service to Retail Investors Amid Banking Crisis
  • Ethereum Blockchain Introduces New URL Standard as an Alternative to HTTP Protocol
  • Algorand Foundation CEO Gives Reason For Coinbase’s Move To Halt Staking Rewards 
  • Belgium Regulator Sets To Impose New Crypto Ads Rules
  • What is Bitcoin Dominance and Why Does It Matter?
  • NatWest Imposes a Maximum Transaction Limit on Crypto Deposits
  • ChatGPT Lacks The Accuracy Required For Integration Into Security Review Procedure: Coinbase
  • General Bytes Moves to End Cloud Service Using Cryptocurrency ATM
  • Bitcoin Promises to Hit $1 Million with the Help of Central Bank Policies
  • Ethereum Developers have Made All Necessary Arrangements for the Launch of Shapella Upgrade
  • What are the Different Types of Orders? A Beginner’s Guide
  • Bitwise Launches Bitcoin-Linked ETF for Long-Term Investors
  • Coinbase Seeks New Banking Partner Following Signature Bank Shutdown
  • Price of BTC Surges Beyond $28,000, As Ripple, Ether, and Cardano Go Bullish
  • 3 Ways To Get NFTs Without Paying for Them

Categories

You may have missed

Fidelity Expands its Crypto Trading Service to Retail Investors Amid Banking Crisis
3 min read
  • Altcoins
  • Bitcoin (BTC)
  • Crypto Trading
  • Cryptocurrency
  • Ethereum (ETH)
  • News

Fidelity Expands its Crypto Trading Service to Retail Investors Amid Banking Crisis

March 24, 2023
Ethereum Blockchain Introduces New URL Standard as an Alternative to HTTP Protocol
3 min read
  • Altcoins
  • Blockchain
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Technology
  • Web3

Ethereum Blockchain Introduces New URL Standard as an Alternative to HTTP Protocol

March 24, 2023
Algorand Foundation CEO Gives Reason For Coinbase’s Move To Halt Staking Rewards 
3 min read
  • Algorand (ALGO)
  • Blockchain
  • Crypto Staking
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Regulation

Algorand Foundation CEO Gives Reason For Coinbase’s Move To Halt Staking Rewards 

March 24, 2023
Belgium Regulator Sets To Impose New Crypto Ads Rules
2 min read
  • Bitcoin (BTC)
  • Blockchain
  • Cryptocurrency
  • Regulation
  • Web3

Belgium Regulator Sets To Impose New Crypto Ads Rules

March 24, 2023
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%