VeChain powers 140 million real-world transactions for Fortune 500 #1, leading the way to a greener blockchain future
- VeChain hits several milestones in Hong Kong as crypto adoption increases in the region.
- The blockchain has also emerged as the greenest among its peers as it continues to execute millions of transactions daily.
VeChain has recorded global adoption since its inception and remains well positioned for continuous growth and use in various parts of the world. VeChain’s adoption in Hong Kong, one of China’s most popular and culturally diverse regions, has accelerated over the years.
In a recent tweet, the Vechain Foundation highlighted the growth levels and overall achievements that the network has seen since its expansion to Hong Kong. As the tweet observed, Hong Kong has been very devolved towards hightail currencies and blockchains over the years.
As a result, Vechain (VET) has been conducting network-related activities in the region for more than 5 years. During that time period, Vechain offered its services to a large number of businesses in Hong Kong, which in turn has watered and nurtured the region’s economy. Vechain Foundation tweeted
Hong Kong is becoming friendlier to crypto and blockchain, creating a more favorable regulatory environment. VET has operated commercially in the region since 2018, with extensive experience in creating economic value for companies.
VeChain has also achieved a groundbreaking milestone, the tweet further revealed. As mentioned, note that 140 million transactions have been processed on the network for leading Fortune 500 operations. At this rate, Vechain is on its way to becoming one of the world’s most revolutionary blockchains. Although regulatory policies around the world are still very rigid, things are likely to change in the long term. The tweet read.
To date, we’ve executed over 140 million real-world transactions for Fortune 500 #1’s operations, represented products on shelves, protected/educated consumers and provided visibility throughout the product lifecycle. vechain = The future of the blockchain economy – regulations are the last piece of the puzzle and they are imminent.
Hong Kong is becoming more friendly towards #crypto and #blockchaincreate a more favorable regulatory environment. $KNOW has operated commercially in the region since 2018, with extensive experience in creating economic value for companies.
To date, we have completed… pic.twitter.com/2zD1OB2vw1
— vechain (@vechainofficial) 27 April 2023
VeChain remains committed to building the foundation for what it refers to as the “biggest digital revolution since the dawn of the internet” straight from its European headquarters and technology hub.
VeChain and its commitment to staying green
It is worth noting that while VeChain is stacking all these achievements, it is doing so while maintaining a sustainable trajectory. In a recent report, Vechain was highlighted as the greenest blockchain technology.
VeChain maintains environmental friendliness with the use of two coins to smooth the operation of the global supply chain ecosystem. VeChain only accounts for 4,459.41 kg in carbon emissions bringing the total for the year to 1,789.58 kg.
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Although his chain has recorded over 45 million transactions since its creation and has seen the total number of active Willits break 2 million, a single transaction only uses an estimated 0.000216 kWh; less than half the energy used by other blockchains.
In particular, VeChain’s core network, which hosts 101 author nodes, only contributed 4.46 tons of CO2e/year to the global carbon footprint. With the world moving towards a more sustainable path and holding space for greener businesses on a global scale, Vechain is poised to excel in the near future.
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