VeChain Signs Partnership With Boston Consultant Group

  1. VeChain Foundation and Boston Consultant Group announced their partnership.
  2. BCG is the second-largest consulting firm in the world with over 25,000 employees.
  3. VeChain is also aiming to lead a Web3-based carbon market.

VeChain Foundation announced its partnership with Boston Consultant Group (BCG), one of the largest US-based management consulting firms operating globally.

According to BCG Managing Director Dr. Guy Gilliland, the global consulting firm was fascinated by VeChain’s capacity to “solve real-world problems with a greater purpose.” 

BCG is arguably the second-largest global consulting firm with annual revenue of $11 billion and a workforce of 25,000 operating in more than 100 countries.

The partnership also revealed that over 50% of harmful emissions in the world today come from the supply chain industry and that using blockchain-based solutions could drastically reduce the figure by 80%.

VeChain Foundation and BCG announced the partnership a couple of hours ago during the HiVe Summit, a Web3-based sustainability event in Las Vegas hosted by VeChain. 

Aside from partnering with BCG, VeChain also launched its new website and whitepaper. Meanwhile, the summit also unveiled VeChain’s plans to develop a Web3-based carbon market starting with 2D nanomaterial graphene production and smart contracts.

VeChain is a blockchain and crypto ecosystem that utilizes the said technology to improve the global supply chain industry. Its main crypto are VeChain (VET) and VeThor (VTHO), ranked 36th and 326th on CoinGecko, respectively.

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Jesus covers news related to the crypto space in Asia and in Australia, although he follows the latest events in the US and Europe as well. He is most interested in the blockchain gaming and regulation aspects of the industry.