One of the top professional service providers, EY organization, has introduced a brand-new, Ethereum-based platform that allows companies to manage their carbon footprints and maintain tabs on carbon traceability.
At the EY Global Blockchain Summit held in London, EY OpsChain ESG announced the launch of their Ethereum-based Carbon Emissions Tracking platform for enterprises. The platform, called EY OpsChain ESG, is now available in beta version on the EY Blockchain SaaS Platform.
The method of operation makes use of carbon emission tokens created by the Microsoft-backed InterWork Alliance. The platform will not only offer transparency to customers, business partners, and regulators but also satisfy their demands with a trusted emissions and carbon credits traceability system, all made possible through tokenization within an ecosystem.
EY Global Blockchain leader Paul Brody emphasized EY’s goal to be the best on Earth at Ethereum and believes that blockchain technology can be the binding force that connects various businesses and ecosystems across different organizations. This is the foundation upon which their ESG chain is built.
Further Paul Brody stated that “detailed traceability allows for tracking of emissions inventory through tokenization including the ability to link carbon output to specific product output.”
Paul, a spokesperson for EY, explained the benefits of using carbon credit tokens, stating that enterprises can now have greater visibility into their actions toward decarbonization by either creating their own carbon credits or purchasing them on the market.
