The VeChain Foundation announced the launch of its VeCarbon platform over the weekend. VeCarbon is a blockchain-powered accounting software-as-a-service (SaaS) platform. The platform will reportedly help governments and enterprises achieve carbon neutrality, emissions targets and reach their sustainability goals.
VeChain Thor (VET) is a blockchain with the posited goal of solving real-world economic problems. VeChain leverages the Proof of Authority (PoA) consensus mechanism. PoA is a Byzantine Fault Tolerant probabilistic consensus mechanism, based on HotStuff, which relies on Authority Masternodes (AM) associated with verified identities.
VET has lost more than 4% to its value so far today and is currently trading at $0.04599.