When the VeChain moved it's HQ to San Marino back in 2021 no one really knew the main reasons behind the move. San Marino aims to become the first carbon neutral country using the VeChain and what has changed how the blockchain is now moving forward. Green initiatives are what they are now targeting and why the blockchain is suddenly becoming more relevant with new partnerships being formed weekly. The EU is going to transform the use case of the VEChain through what they have implemented and the new regulations that are incoming.
These days it is hard to keep up with some Crypto projects as there is so much going on. I am not talking about just development, but the number of partnerships being formed. You need to ask yourself if what you are invested in is developing at the pace of others projects around you. So much is changing weekly that there are opportunities being created opening the doors for certain projects in a position to scoop them up.
When you look at VEChain (VET) the most important factor here is the VTHO or gas token generated each day being the magic number of 36 million. These VTHO are used to pay for transactions on the VEChain called clauses. each transaction has a cost attached to it which burns the daily supply of VTHO.
The daily average burn on VTHO is slowly creeping up from a few weeks back (90K) and now is touching (95K) which is still 360 x away from creating a supply issue. This is not a problem as the use cases are building weekly as more and more are being added which will eventually create a supply shortage within the next 2 years. Walmart cannot carry this eco system on it's own even though they are busy burning VTHO daily along with many others. There are days where over 1 million VTHO is being burned and that is a sign of where the daily average is heading.
The agreed rules will cover the entire battery life cycle, from design to end-of-life and apply to all types of batteries sold in the EU: portable batteries, SLI batteries (supplying power for starting, lighting or ignition of vehicles), light means of transport (LMT) batteries (providing power for the traction to wheeled vehicles such as electric scooters and bikes), electric vehicle (EV) batteries and industrial batteries.
On December the 9th the EU proposed a new regulation to be implemented with regard to the life cycle of a battery. The proposal will start at the beginning where the battery is manufactured until it is recycled being the end stage. The battery needs it's own digital identification stored on the blockchain tracking it's lifespan with the importance being on the disposal and recycling stage.
One can see the numbers are in the region of 12 million new cars per year, but what about the scrapping of old cars, selling of second hand cars and the trucks and everything else that has a battery like a scooter ,motorbike or even a generator.
In 2021 32.7 million second hand cars were sold so that data would also have to change with the battery digital identification. Truck sales average out at 350K per year across the EU. 9 million vehicles are scrapped on average with 3 million vanishing becoming ghost vehicles and where there could be a problem as to the final battery figures and digital identification.
Countries like the United States use in excess of 100 million auto batteries each year so one can start to imagine how big the scope is here and where the blockchain comes in handy offering a digital identification for every single battery manufactured.
These use cases for the VeChain along with the carbon footprint monitoring carbon emissions with the VeCarbon business model is going to chew through the 36 million VTHO daily at there current prices in no time as every update on a battery digital ID requires a transaction which burns VTHO. VeChain already monitors the odometer readings for all BMW motor vehicles and this is just another addition as they are starting to add up rather quickly.
