In a bid to become a carbon neutral country, San Marino has decided to team up with VeChain to deploy distributed ledger technology (DLT). This new partnership will allow the government to issue rewards to citizens that take part in recycling, water saving, and other green initiatives. The tokens that will be earned by citizens, can then be used to access services within the country. This is the first time a country has decided to use DLT to push for green initiatives to become adopted, and if it works out for San Marino we could see other nations follow suit.
VeChain Bagging Big Names
Over the past few months, VeChain has been hard at work securing deals with some of the biggest names around. Back in June, VeChain announced a deal with Walmart China that would see it handling the supply chain management for the over 400 stores in the country. As a result, the price of VeChain shot up by 50% in a few hours. Additionally, in April VeChain signed a deal with leading whitegoods manufacturer, Haier. These are just two huge names VeChain has bagged in recent months, and it’s continuing to show its prowess when it comes to supply chain management.
Rewarded for Being Green and Clean
We all know crypto miners are keen to show off that they’re green and using renewable energy, but very few regular people are keen to show off their efforts for the environment. Looking after the environment is critical, as if humans keep on destroying the planet we will soon end up in a lot of trouble. Sometimes all it takes is a little incentivization to get the recycling and energy efficiency initiatives under way.
By using VeChain, every household will be able to log and track their recycling and water consumption as well as an array of other green initiatives – such as solar power generation – using a new platform. Households that record a certain level of activity will be rewarded with special tokens. In turn. These tokens can then be used to pay bills, use public transport, buy groceries, and access a wide range of services.
San Marino is one of the smallest countries in the world, making it the ideal location to trial a program like this. If it goes well, it will serve as a beacon of hope for the environment all around the globe. It’s time humans began to look after the planet, and with the help of DLT it’s now easier than ever.