How VeChain and Dimitra Are Transforming Agriculture with Tokenized RWAs
crypto-news-flash.com 30 July 2024 15:23, UTC - VeChain’s tokenized RWAs enhance transparency for ESG financing opportunities.
- Dimitra supports smallholder farmers by providing technology to monitor and optimize crop yields.
VeChain and Dimitra are transforming sustainability with revolutionary blockchain technology. Sunny Lu, founder and CEO of VeChain, emphasizes that tokenized real-world assets (RWAs) are perfect for sustainability since they digitize sustainable assets while also providing global liquidity.
According to Lu, RWAs improve openness in reporting and satisfy regulatory requirements, which is critical for ESG finance opportunities. Tokenized RWAs are gaining momentum in the market while also boosting sustainability. Lu stated:
“Tokenized RWAs digitize sustainable assets, including their impact, reductions in waste, and real world measurable impact with financial value. Tokenized RWAs also use blockchain to create the global liquidity of tokens representing sustainability value.”
Previously, as CNF reported, VeChain has teamed with Carboneers to use blockchain and biochar technology to convert agricultural waste into climate solutions that benefit both the environment and farmers. This venture provides transparent and traceable carbon credits via the VeChain blockchain.
Furthermore, VeChain is dedicated to transforming food supply chain management. According to our prior report, a research paper has praised VeChain’s unique attempts to track every transaction and transit of food supplies using blockchain.
This enables consumers to check the validity and provenance of the products they buy, promoting supply chain transparency and confidence.
Meanwhile, the price of the VeChain native token, VET, is currently around $0.02708, down 4.23% over the last 24 hours, with a daily trading volume of over $23.87 million.
Building on its success, Dimitra is expanding its efforts to Roraima, Brazil, with the Amazon Cacao Project, which aims to enhance cocoa planting areas and use modern agricultural practices.
Despite hopeful advancements, adopting RWAs remains a difficulty. Trask pointed out that regulatory frameworks are unclear in many countries, necessitating adherence to national regulations to assure safety.
Furthermore, understanding and contextualising blockchain concepts for farmers might be challenging, requiring local collaboration to facilitate debate and education.
