Blockchain for ESG: EY introduces EY OpsChain ESG on Ethereum

Blockchain for ESG: EY introduces EY OpsChain ESG on Ethereum ErnstYoung ESG carboncapture

- As the world evolves towards a more environmentally friendly mode of operation with the rise of environmental, social and governance investing shaking up the financial landscape, the Ernst & Young organization – one of the “big four” accounting firms – is looking to capitalize on the carbon capture trend with the launch of EY OpsChain ESG on the EY Blockchain SaaS platform.

“Like all EY enterprise solutions, EY OpsChain ESG was developed based on the conviction that blockchains are the glue that can link business processes and global ecosystems across enterprise boundaries,” said Paul Brody, global blockchain leader for EY. “Detailed traceability allows for tracking of emissions inventory through tokenization including the ability to link carbon output to specific product output.

The tokenization of various forms of assets is fast becoming a widely adopted use case for blockchain technology as it offers an efficient way to record and track transactions in a secure, unalterable manner.

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