Vechain Releases VET 3.0 Whitepaper in Collaboration With BCG

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Jeff Horseman
Jeff Horseman
Jeff Horseman got into journalism because he liked to write and stunk at math. He grew up in Vermont and he honed his interviewing skills as a supermarket cashier by asking Bernie Sanders “Paper or plastic?” After graduating from Syracuse University in 1999, Jeff began his journalistic odyssey at The Watertown Daily Times in upstate New York, where he impressed then-U.S. Senate candidate Hillary Clinton so much she called him “John” at the end of an interview. From there, he went to Annapolis, Maryland, where he covered city, county and state government at The Capital newspaper. Today, Jeff writes about anything and everything. Along the way, Jeff has covered wildfires, a tropical storm, 9/11 and the Dec. 2 terror attack in San Bernardino. If you have a question or story idea about politics or the inner workings of government, please let Jeff know. He’ll do his best to answer, even if it involves a little math.
  • Along with the Boston Consulting Group (BCG), the platform announced the whitepapers.
  • The paper explains how it will contribute to the blockchain’s primary goal.

As a follow-up to the successful VET 1.0 and VET 2.0 protocols, VeChain has issued the necessary whitepapers for the impending VET 3.0. The paper was sent to the HiVe and detailed the steps to be taken in the next protocol. In other words, it was created to help the blockchain expand its worldwide influence.

Along with the Boston Consulting Group (BCG), the platform announced the whitepapers in a Tweet published yesterday. The latter was also mentioned as a worldwide pattern whose huge reach and knowledge would help the blockchain in its efforts to embrace sustainable practices.

Contributing to Achieve Primary Goal

VeChain is one of the few blockchain platforms actively working towards the objective of blockchain sustainability. The blockchain has collaborated with some of the world’s largest corporations, including Walmart. Particularly, making significant, beneficial changes via the use of this technology.

Now, that mission continues with the release of VeChain’s VET 3.0 protocol whitepaper. The publication also provides an overview of the next steps for the wildly successful VET 1.0 and VET 2.0 protocols. In addition, the 72-page paper explains how it will contribute to the blockchain’s primary goal in the years to come.

In a field that has been unfairly criticized for its lack of regulation, VeChain has made its commitment to sustainability quite obvious. The next several years should see plenty of opportunity for the protocol to fulfil this purpose because of VET 3.0’s promises and its established alliances. The white paper said explicitly that it would want to form strategic alliances over the next several years.

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