Subscribe to Our Newsletter
Wednesday May 25, 2022
Bitcoin (BTC) $29,848.00   Ether (ETH) $1,987.13
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Swap USDT (TRC20) Instantly
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
Changelly
CryptoNinjas
Home Networks & Protocols

San Marino to use VeChainThor blockchain to help become carbon neutral country

The parnetsgpi is part of San Marino's strategy to develop, promote, and deliver a full ecosystem of technological innovation to facilitate digital transformation.

Published by CryptoNinjas.net
07/29/2019
San Marino to use VeChainThor blockchain to help become carbon neutral country

Last week, a Memorandum of Understanding was signed between the Republic of San Marino Secretary of State for Industry, Trade, Business, Cooperation, and Telecommunications, Republic of San Marino Innovation Institute S.p.A, DNV GL Business Assurance Group AS, and the VeChain Foundation.

VeChain and DNV GL, together with San Marino Innovation, will guide the Republic toward the adoption of blockchain technology, crypto-utility token infrastructure, and utility token use cases, in order to define models capable of incentivizing sustainable behavior from its 33,562 citizens.

From left: Sunny Lu, Founder of VeChain; Andrea Zafferani, Segretario di Stato Segreteria di Stato per l’Industria, l’Artigianato e il Commercio, il Lavoro, la Cooperazione e le Telecomunicazioni della Repubblica di San Marino; Renato Grottola Global Director – M&A and Digital Transformation, DNV GL – Business Assurance; Sergio Mottola, Presidente San Marino Innovation – Istituto per l’Innovazione della Repubblica di San Marino S.p.A.

The first carbon-neutral country

The “San Marino Low Carbon Ecosystem” was proposed by DNV GL, in collaboration with VeChain. It aims to reduce CO2 emissions and subsequently, implement circular economy business models.

The platform will encourage environmentally friendly practices such as water saving, waste disposal, and management. The practices will be rewarded through a utility token, the San Marino Innovation Token (SMIT) issued by San Marino Innovation, which can be used to access services offered within the Republic.

The introduction of the low carbon ecosystem represents the first global example of incentivization top-down from a  national level government body to the nation’s citizens through the use of blockchain technology and a utility token issued on the VeChainThor Blockchain. This will be the first of many dynamic use cases of SMIT within the Republic. In the future, working groups among the two partners involving technical and legal specialists as well as institutions will be established to guarantee swift and effective operations.

“We are particularly proud of this Memorandum of Understanding that certifies the Republic of San Marino as the ideal place to foster a culture of experimentation and bring blockchain to our everyday lives. We’ll give life to a project that will directly engage citizens and reward their sustainable behavior, while also meeting the country’s demands in regards to CO2 emissions reduction, water-saving, and waste disposal and management. Our ambitious goal is to become the first zero-emissions country in the world.”
– Andrea Zafferani, Republic of San Marino Secretary of State for Industry, Trade, Business, Cooperation, and Telecommunications

Leveraging trust and transparency of blockchain to power sustainability

“VeChain’s fundamental strategic goal is to push for Blockchain mass adoption in a manner that will change people’s lives for the better. We are pleased and excited to work with San Marino and DNV GL to help create a country level top-down driven ecosystem and the launch of the San Marino Innovation Token with blockchain utility at its core. The initiative is significant and unique to any country-led blockchain project. We are excited to be part of this impressive accomplishment and honored that San Marino Innovation selected the VeChainThor Blockchain to be the underlying blockchain technology infrastructure that will power the token. This is not just a significant milestone achieved for VeChain, but for the entire blockchain community. We will utilize all of our technical know-how, our tokenization experience and the global influence of the VeChain ecosystem to make sure this project can create a tremendous amount of value to the citizens of San Marino.”
– Sunny Lu, Founder of VeChain

Real projects kick-off after a full year of intense work

“This is an excellent accomplishment that comes after a year of intense work and activities. We are proud to have signed the Memorandum of Understanding together with DNV GL Business Assurance Group AS and VeChain Foundation Limited, as this represents a clear sign of the attractiveness generated by San Marino in regards to technological innovation. These are real projects that will soon provide tangible results. We demonstrated that the political strategies aimed to reward the citizen, which are already partially in place through the SmaC circuit, paired with blockchain technology, recently regulated by a Decree-Law ratified a few months ago, can successfully attract relevant partners. The San Marino Innovation Token is the right catalyst to encourage investments and deliver ambitious projects.”
– Sergio Mottola, President of San Marino Innovation

“San Marino represents a unique opportunity to create a bridge between the digital and the traditional world. A major step toward the rapid adoption of such projects, that lay the foundation for a future of meaningful interaction among individuals sharing the same vision: creating a tangible, positive impact for our planet. We’re happy and proud to be part of this project, to build a future that here, in San Marino, already exists.”
– Renato Grottola, Global Director – M&A and Digital Transformation, DNV GL – Business Assurance

VeChainThor

The VeChain is a public blockchain that is designed for the mass adoption of blockchain technology by enterprise users of all sizes. VeChainThor is intended to serve as a foundation for a sustainable and scalable enterprise blockchain ecosystem, supported in part by VeChain’s novel governance and economic models and unique protocol enhancements.

FacebookTwitterLinkedinRedditE-MailTelegram
Source: Vechain

Related News

Ubitquity teams with VeChain on blockchain-powered tools for title industry

03/30/2021
Ubitquity teams with VeChain on blockchain-powered tools for the global title industry

Ubitquity, an enterprise blockchain-secured platform for real estate and title recordkeeping, has announced that it is now a business partner of VeChain. According to their website: VeChain ToolChain is a comprehensive blockchain platform offering...

Read more

CREAM to collaborate with crypto exchange Bitrue to support VeChain projects

02/24/2020
CREAM to collaborate with crypto exchange Bitrue to support VeChain projects

CREAM, a VeChain-based strategic advisory and investment incubator, and Singapore-based cryptocurrency exchange Bitrue, today have announced a partnership which will focus on pushing real value to CREAM-incubated projects and the wider VeChain ecosystem. The...

Read more

VeChain legal protocol Jur chosen for real estate purchase infrastructure 

01/15/2020
VeChain legal protocol Jur chosen for real estate purchase infrastructure 

Jur, a protocol for legal smart contracts on the VeChainThor blockchain, announced today that HKCY Hotels Ltd. selected Jur as an infrastructure partner for purchases and rentals of Cyprus real estate. Introducing commercial-related agreements...

Read more

VeChain (VET) now available on crypto payment app Metal

07/01/2019
Metal Vechain

Metal Pay, cryptocurrency app that rewards users each time they send or receive money, has announced that as of now, the VET token of blockchain platform VeChain is available to buy and sell in...

Read more
Load More

Discussion about this post

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Kiln completes $5 million funding round to grow blockchain staking platform

Kiln completes $5 million funding round to grow blockchain staking platform

05/19/2022
Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

05/19/2022
Crypto transaction monitoring platform Merkle Science adds support for 1,200+ ERC-20 tokens

Crypto transaction monitoring platform Merkle Science adds support for 1200+ ERC20 tokens

05/20/2022
Legion Network launches app with crypto wallet, NFTs, play2earn, watch2earn, launchpads, rewards and more

Legion Network launches app with crypto wallet, NFTs, play2earn, watch2earn, launchpads, rewards and more

05/24/2022
Japan exchange Coincheck lists SAND, the crypto asset of The Sandbox metaverse

Japan exchange Coincheck lists SAND, the crypto asset of The Sandbox metaverse

05/24/2022
Japan crypto exchange bitbank signs MOU to form institutional blockchain investment company

Japan crypto exchange bitbank signs MOU to form institutional blockchain investment company

05/24/2022
Binance obtains crypto license to operate in France

Binance obtains crypto license to operate in France

05/24/2022
Legion Network launches app with crypto wallet, NFTs, play2earn, watch2earn, launchpads, rewards and more

Legion Network launches app with crypto wallet, NFTs, play2earn, watch2earn, launchpads, rewards and more

05/24/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version