Amazon Web Services (AWS) Partners With VeCarbon To Enable (Inter)National Scale Carbon Management Services

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Amazon Web Services (AWS), a subsidiary of Amazon that provides on-demand cloud computing platforms and APIs to individuals, companies, and governments on a metered pay-as-you-go basis, has partnered with VeCarbon to enable large-scale storage and analytics solutions.

This offers the blockchain-based carbon management service provider the most needed to achieve its grand ambition. 

With the launch of Shanghai Tanlian Technology Co., Ltd., the company behind VeCarbon, the VeChainThor public blockchain, began an exciting new chapter on its mission to deliver blockchain-based carbon management services for countries and, ultimately, continents.

In the second half of 2021, VeCarbon anchored multiple successful utilities for its technology across various industries and application scenarios. And with the large volumes of data expected to be generated from the platform in the years ahead, VeCarbon inevitably requires significant storage and analytics infrastructure. 

Crypto going carbon friendly

The cryptocurrency industry is growing quickly, and so are concerns about its environmental impact. The proof-of-work (PoW) model of the most popular crypto, Bitcoin, makes it energy-intensive. It’s mined using millions of high-powered computers around the world.

The promise is that blockchain technology will power a decentralized internet, changing the economics of banking, finance, gaming, shopping, entertainment, and even human interaction, making the issue of its environmental implications very critical.

Because if crypto, already worth $2 trillion, is the future of money, this industry — like any other — can’t afford to ignore climate change and must embrace sustainability. Ether, the second-most popular cryptocurrency, uses a lot of power, like Bitcoin, but its developers are planning a transition to a mining method that is more friendly to the environment.

During a recent interview on CNBC with Kate Rooney, Yakovenko asserted that the number one cryptocurrency, Bitcoin, must transition to an environmentally friendly consensus mechanism to maintain its popularity and adoption.

With the recent partnership between AWS and VeCarbon, the blockchain-based carbon management system can leverage Amazon Web Services’ robust data storage to make crypto operations more climate-friendly and sustainable.