Professional services giant EYnews has launched an Ethereum-based carbon emission tracking platform. By IanAllison123.
. Keeping tabs on carbon emissions and credits has been a focus for many in the environmental and social governance arena, and EY has been a long time advocate for using the public Ethereum blockchain to achieve this goal.
EY’s ESG chain is based on the conviction that blockchains are the glue that can link business processes and global ecosystems across enterprise boundaries, said EY Global Blockchain Leader Paul Brody. “Detailed traceability allows for tracking of emissions inventory through tokenization including the ability to link carbon output to specific product output,” Brody said in a statement. “By using carbon credit tokens, either created or sourced on the market, enterprises can now have visibility into their actions toward decarbonization.”
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