Supply chain management platform VeChain has reportedly disclosed details regarding a freshly rolled out solution for combining businesses, taking apart their carbon footprint data management practices.

Specifically, the new offering reportedly utilizes decentralized ledger tech with the help of a software-as-a-service (SaaS) business model.

The Digital Carbon Footprint SaaS Service reportedly makes it possible for corporations to “log key data and integrate it with world-leading third party assurance providers within VeChain’s partnership network”. 

This data can reportedly be turned into new types of value in the next stages, as well as amping up the sustainability performance throughout different corners of an establishment. 

VeChain additionally mentioned hardships in terms of trust and transparency which are present in traditional supply chains, during the collation process of firms’ carbon emissions data.

A public blockchain could offer a way to resolve the matter, offering transparent accountability for every layer of the supply chain network. 

“VeChain’s blockchain-based Digital Carbon Footprint SaaS Service provides a comprehensive and scalable platform for any enterprise to be able to better calculate, track and report their carbon reduction initiatives across the entire value chain.”

Alexandre Gellert Paris, associate program officer at United Nations Framework Convention on Climate Change, reportedly remarked that blockchain has the ability to enable an enhanced level of stakeholder involvement, transparency and engagement, as well as assisting in rolling out trust and further innovative solutions, to aid in the struggle against climate change, resulting in improved climate action.