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How EY can Help
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Discover how EY's blockchain consulting team can help your business to streamline business processes, protect against cyber threats and much more.
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As the world faces increasingly urgent sustainability challenges from climate change to resource depletion, organizations are now looking for new ways to enhance sustainability efforts. Enterprise blockchain technology provides the foundation for driving sustainability value that helps validate sustainability claims, access sustainable products in new markets, establish new relationships with trading partners with sustainability certifications and obtain credible sustainability data. It may possibly even provide access to shared enterprise infrastructure in the future that removes barriers between organizations while protecting confidentiality.
A recent EY-Nanyang Technological University white paper, Enterprise blockchain adoption in sustainability: benefits, barriers and future potential, noted that blockchain applications have significant potential to make an impact in three sustainability-related use case categories:
- Track and trace systems
- Voluntary carbon credits tracking
- Renewable energy credits tracking