EY Launches Carbon Emission Tracking Platform
EY, the professional services firm, has launched an Ethereum-based platform enabling businesses to measure their carbon emissions and traceability of carbon credits.
The statement was made by the EY OpsChain ESG during the firm’s Global Blockchain Summit in London. The platform is now in beta mode on the EY Blockchain SaaS platform.
The system makes use of carbon emission tokens developed by the Microsoft-backed InterWork Alliance, which is a member of the Global Blockchain Business Council (GBBC), of which EY is also a member.
In recent years, businesses have turned to blockchain technology to track and trace components of their workflows ranging from trade financing to food items. Keeping track of carbon emissions and credits has long been a priority for many in the environmental and social governance arenas, and EY has long advocated for leveraging the public Ethereum blockchain to accomplish this purpose.
(With inputs from Shikha Singh)
You need to login in order to Like
