EY, a professional services firm, announced on Wednesday the beta launch of EY OpsChain ESG, a product that accurately tracks carbon credits and emissions through tokenization.
See related article: Ernst & Young teams up with Polygon on Ethereum scaling
Fast facts
- Through the Ethereum-based EY OpsChain ESG, companies can track carbon credits throughout their entire lifecycle, including creation, transfer, and retirement. Blockchain technology enables transparency and security throughout the process.
- EY OpsChain ESG uses tokenization to track carbon credits and emissions, enabling companies to have a clearer understanding of their carbon dioxide equivalent positions.
- The platform is built to InterWork Alliance for Carbon Emissions Tokens standards, ensuring the reporting is immutable and independently verifiable through integrating emissions data validators.
- EY is one of the “Big Four” accounting firms, along with Deloitte, PricewaterhouseCoopers and KPMG.
- Earlier this week, Deloitte announced a partnership with finance and tech giants to launch the Canton Network, a blockchain that aims to link institutions and financial assets with improved privacy and lower cost.
See related article: Australia on track for a crypto boom by 2030, EY report says
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoAiStream. Web3 Data Intelligence. Knowledge Amplified. Access Here.
- Minting the Future w Adryenn Ashley. Access Here.
- Buy and Sell Shares in PRE-IPO Companies with PREIPO®. Access Here.
- Source: https://forkast.news/headlines/ey-launches-ey-opschain-esg-to-track-carbon-credits-and-emissions/
- :is
- $UP
- 2030
- a
- Accounting
- accurately
- aims
- Alliance
- along
- and
- announced
- article
- Assets
- beta
- blockchain
- blockchain technology
- boom
- built
- by
- CAN
- carbon
- carbon credits
- carbon dioxide
- carbon emissions
- clearer
- Companies
- Cost
- creation
- Credits
- crypto
- crypto boom
- data
- deloitte
- Emissions
- enables
- enabling
- ensuring
- Entire
- Equivalent
- ESG
- Ether (ETH)
- ethereum
- Ethereum-based
- EY
- finance
- financial
- Firm
- firms
- For
- Have
- HTTPS
- immutable
- improved
- Including
- independently
- institutions
- Integrating
- jpg
- KPMG
- launch
- launches
- lifecycle
- LINK
- network
- of
- on
- ONE
- Partnership
- platform
- plato
- Plato Data Intelligence
- PlatoData
- Polygon
- positions
- pricewaterhousecoopers
- privacy
- process
- Product
- professional
- related
- report
- Reporting
- retirement
- security
- Services
- standards
- teams
- tech
- tech giants
- Technology
- that
- The
- their
- this
- this week
- Through
- throughout
- to
- Tokenization
- Tokens
- track
- transfer
- Transparency
- understanding
- validators
- verifiable
- Wednesday
- week
- with
- young
- zephyrnet
More from Forkast
Tether offers US$610 mln debt financing facility to German Bitcoin miner Northern Data
Source Node: 2368214
Time Stamp: Nov 2, 2023
Amid Ripple XRP, Coinbase wrangles, Gary Gensler flexes SEC muscle
Source Node: 1598883
Time Stamp: Jul 29, 2022
Bitcoin and Ethereum: Two titans battle for NFT supremacy
Source Node: 2110935
Time Stamp: May 27, 2023
Coinbase ups the ante with SEC, asking court to require crypto clarity from regulator
Source Node: 2071539
Time Stamp: Apr 25, 2023
“Bitcoin Dominates NFT Market with 86% Sales Increase in 24 Hours”
Source Node: 2516944
Time Stamp: Mar 15, 2024
Bitcoin, Ether, other crypto gain with equities amid global fund injections to support banks
Source Node: 2014289
Time Stamp: Mar 16, 2023
Sam Bankman-Fried could face decades in jail if convicted of law violations in FTX collapse, lawyers say
Source Node: 1762444
Time Stamp: Nov 25, 2022
Solana’s Jupiter trading volume skyrockets ahead of JUP airdrop
Source Node: 2461061
Time Stamp: Jan 29, 2024
FTX Japan ordered to suspend operations by the country’s regulators
Source Node: 1753063
Time Stamp: Nov 10, 2022
Solana’s Froganas leaps to top NFT sales with US$1.45 mln
Source Node: 2537104
Time Stamp: Apr 5, 2024
Japanese tech, finance firms sign pact to build metaverse economic zone
Source Node: 1981690
Time Stamp: Feb 27, 2023