An agreement has been made between The Republic of San Marino and the blockchain platform VeChain in hopes of encouraging citizens to adopt sustainable practices. Reducing carbon dioxide emissions, water consumption and waste are all at the center of this project.
Partnerships within the agreement include, the State Secretariat for Industry, Crafts and Commerce, Labor, Cooperation and Telecommunications of the Republic of San Marino, San Marino Innovation – Institute for Innovation of the Republic of San Marino SpA , DNV GL Business Assurance Group AS and VeChain Foundation Limited.
The partnerships will facilitate the infrastructure for a digital immersion and thus will ultimately lead to a reward system for the people within the Republic. Innovation Tokens will be distributed as rewards issued by San Marino Innovation and can be exchanged for services within the Republic. The project will be supported by VeChainThor blockchain.