VeChain Collaborates with BCG, Draws 30m ETH Staked on Ethereum

VeChain Partners with Boston Consulting Group to Reduce Carbon Emissions in Textile Industry

VeChain, a leading blockchain technology provider, has teamed up with the Boston Consulting Group (BCG) to drive sustainability transformations in the textile industry. The main objective of this partnership is to promote a circular economy and increase the recycling of textile materials, thus reducing greenhouse gas emissions in the sector. The collaboration will leverage blockchain technology to improve transparency and traceability throughout the supply chain, ensuring that sustainable practices are implemented and monitored effectively. As a result of this announcement, the price of VeChain’s native token, VET, has experienced a significant increase of 8.2% on the 14-day price chart and 3.9% on the 7-day price chart.