Thursday, June 17, 2021

VeChain (VET) Has Major Role to Play in China’s Plastic Pollution Control

VeChain (VET), the leading enterprise blockchain platform, continues to use the technology at its disposal to prove its capability in the supply chain sector.

How VeChain blockchain would be leveraged in plastic pollution control has been highlighted in a post shared a couple of hours ago by a diehard VeChain community member, identified on Twitter as eisenreich.

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The post is titled “Vechain featured / blockchain and carbon naturality and the ten billion market under the order of plastic limitation”

According to the post published on 24th May 2021, VeChain has major role in China’s Plastic Pollution Control.

In the post, It’s pointed out that “Recently, a relevant person from the Environmental Resources Department revealed that the National Commission is formulating the “Fourteenth Five-Year Plan of Action for Plastic Pollution Control.”

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As shared on Twitter by eisenreich, the post and its relevance to VeChain blockchain is written out as follows:

“Under the national “3060” strategy, environmental indicators are one of the main anchor points for companies to formulate strategies. Recently, a relevant person from the Environmental Resources Department revealed that the National Commission is formulating the “Fourteenth Five-Year Plan of Action for Plastic Pollution Control.” This will undoubtedly further optimize the top-level design of the national plastics governance on the basis of the “most stringent” plastic restriction order issued in early 2020. This background puts forward new requirements for companies in all sectors of the industry and creates unprecedented market prospects. For example, biodegradable plastics are forming new tens of billions of air outlets, and even have the potential to reach 100 billion.

“In the field, blockchain technology can help companies achieve data transparent collaboration in the full scenarios of raw materials, production, and applications. On the one hand, it can reduce the cost pressure brought by biodegradable materials, improve management and production efficiency, especially enhance the management of upstream suppliers; on the other hand, it can accumulate credible data for enterprises and attract corporate users and enterprises with sustainable concepts. Individual consumers can adapt to market supervision and gradually improved standard system.

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“With a high probability of national policy preference, there will be a gradual preference for plastic products and alternative products that meet performance standards, green environment protection, and economical applications. In the short term, there may be a huge demand for degradable products. Whether from the perspective of internal operations, external supervision, or consumer-side communication, blockchain technology is currently an ideal data management and collaboration tool for enterprises.”


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Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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