- VeChain aims to revolutionize the data economy by leveraging blockchain technology to enhance the “marginal effect.”
- Through Web3, low-value transactions can be tokenized into digital assets, driving economic growth.
VeChain, a leading blockchain platform, recently highlighted its revolutionary approach to the data economy. In a post on X (previously Twitter), the platform focused on how the use of blockchain technology is changing economic interaction in terms of the “marginal effect.”
VeChain envisions a world where billions of small asset transactions are represented by tokens. This transformation seeks to provide the foundation for a powerful growth engine through supporting peer-to-peer exchange of value. The concept is in line with Web3’s ethos of decentralization and how even the smallest input can have tangible monetary value.
Blockchain fundamentally changes the data economy through its impact on 'marginal effect'.
Through Web3, billions of low value transactions can become tokenized, digital assets, and an engine for economic growth.
The Web3 economy runs on you. $VET
https://t.co/PaotvzaNgZ pic.twitter.com/KdkhGim1IP
— VeChain (@vechainofficial) December 17, 2024
VeChain’s approach points to the fact that the Web3 economy needs everyone’s involvement. The post explained that the new economic model is “built for you”, meaning that people are at the core of blockchain transformation.
Tokenization, the $16 Trillion Opportunity
As previously reported by Crypto News Flash, VeChain, in collaboration with Boston Consulting Group (BCG), introduced Blockchain Biospheres, an initiative aimed at revolutionizing sustainability. This innovation integrates blockchain with the principles of Environmental, Social, and Governance to develop sustainable environments.
With ESG, VeChain aims to minimize carbon emissions while raising the bar on supply chain accountability through the use of blockchain. Its Proof of Authority (PoA) consensus mechanism aligns with this vision by using energy efficiently, which makes it a more efficient model than PoW and PoS.
Analysts have estimated that the tokenized asset market is set to grow to $16 trillion by 2030 proving the enormous opportunity in this area. Collaborations with big brands such as Walmart and BMW only serve to strengthen VeChain’s mission and innovation in sustainability and traceability.
Real-World Impact and Market Performance
VeChain has been leveraging a blockchain to create real-world solutions, which is exactly what the company has done. For instance, it partnered with BYD, an electric car company, to design a carbon credit dApp. This application encourages sustainable commuting, which encourages the adoption of green living. Also, VeChain partners with DNV to verify the energy consumption of blockchain in order to further increase the credibility of the technology as environmentally friendly.
VET, the native token of VeChain, has followed the platform’s expansion. At the time of writing, VET is at $0.0543 which is more than a 72% increase in the past month. According to Van de Poppe, VET’s rally has a lot of fundamentals supporting it in the VeChain ecosystem.
He points out that the current price rise is not only based on speculation but is backed by real events and strategic collaborations forged by VeChain. In his analysis, the periods of growth are followed by consolidation, but the main upswing for VET is still ahead.
He points out that with initiatives such as VeBetter being built as the backbone of the ecosystem and the fast growth of the use cases of VeChain, the platform is well positioned for further growth. According to Van de Poppe, VeChain is expected to record excellent results in 2025 due to continued development and growth within the blockchain sector.
