Disclaimer: Not financial advice. Always do your own research and consult a professional finance advisor before making any investments.
Another major deal has been announced following Jason Ansell’s trip to the UK. Earlier today the team announced that VSC has made a deal to structure a Carbon Credit Program1.
“We’re thrilled to announce that VSC has officially signed an agreement to structure a tokenized carbon credit program—a major step forward in our commitment to environmental sustainability and blockchain innovation.”
Whittaker – Telegram
This carbon credit program will help “enterprise partners, including several manufacturing giants (currently under NDA)” to achieve sustainability milestones while supporting VSC’s ecosystem.
“gives the ability for companies and enterprises to accumulate carbon credits that are redeemable for actual carbon certificates or carbon offsets that they can use for their […] manufacturing and in their facilities to comply with government policies and restrictions”
Jason Ansell – TELEGRAM Voice Clip
The team expects that due to increasing regulatory pressure on corporations to reduce emissions, this is a rapidly expanding market and “positions VSC at the forefront”. The team also said that facilitating redemption of tokens for carbon offsets will “drive millions of dollars in transaction volume”.
Jason commented further in a voice clip that there is more to come in the future stating this is “part of a larger energy program. […] there’s going to be a lot to come with it.”
Without a doubt this is an intriguing deal and I can’t wait to see how this develops further. If you’re interested in learning more about this subject, Jason has an article on his personal blog discussing it.
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