Discussion: How does Web3 create a sustainable world?

Author: Web3 Frontier

Jake Campton, Head of VeChain Communications and Community Advocate ) believes that providing incentives through gamification and Web3 is the only way to get the masses to adopt more sustainable practices.

Sustainable development is one of the main issues of the 21st century, and blockchain technology is one of its most important inventions. Are there ways to leverage blockchain technology to pursue sustainable development goals?

Jake Campton, Head of Communications at VeChain and Community Advocate, on Episode 51 of Cointelegraph’s Hashing It Out Podcast with Elisha Owusu Akyaw This is elaborated on. Campton explains how leveraging Web3 incentive models can lead people to adopt more sustainable lifestyles, and highlights the challenges of bringing the two worlds together.  

Campton explains how VeChain has stayed relevant through multiple cycles and believes its growth can be attributed to research and focus on real-world use cases To secure major partnerships, such as the one with Walmart, which has enabled more than 200 million transactions.

Campton said businesses are naturally interested in turning to blockchain to enable more efficient data management, instant supply chain tracking and auditing and the adoption of more sustainable practices . Despite the clear benefits, many businesses are apprehensive about integrating blockchain technology due to hurdles such as accounting and regulation.

Kempton said: “Another thing that VeChain does well is building solutions that allow the use of blockchain in a business environment, because For example, companies don't want to deal with cryptocurrency; they don't. You know, managing crypto assets, especially when regulations are so unclear, creates some accounting nightmares."

Campton explained how blockchain technology can contribute to a more sustainable world, a belief that led to the launch of VeChain VeBetterDAO. New decentralized autonomous organizations power the decentralized application ecosystem, incentivizing sustainable activities such as recycling and adopting practices that reduce carbon emissions.

Campton believes that people need incentives to adopt sustainable practices that can be easily built with blockchain technology, drawing on various gamification models in the Web3 space .

A large core development team is actively working on ports of the Ethereum toolkit to make it easier for developers accustomed to building in this space to build for VeChain Develop applications. What’s more, the network creates an application that allows users without coding languages ​​to build decentralized applications.