Here comes another launch by KPMG- A greenhouse gas emissions traceability blockchain
At the beginning of this week, KPMG has announced the launch of the (CAI), the Climate Accounting Infrastructure blockchain. It has been designed to offer its respective client with better measurement and that too with accuracy. The focus is to make sure the clients can manage their emissions of greenhouse gas. No doubt that the platform of blockchain is trending quite a lot these days. The trending one has addressed the corporations' demand to come with the sustainability report and ensure the corporate, social, and environmental governance targets are achieved.
With such a solution, there is a complete disclosure with the investors will be made. The disclosure will be about the progress ESG has made. This way, it allows better track of the greenhouse gas emission. CAI is also planning to integrate the existing system of cognition with IoT sensors and external data sources. This would create a trail that can be verified for the emission and records on the offer blockchain. This way, the data emission report becomes a reliable source.
Along with this comes the analytical model and data middles that can draw the business's operation's climate risks. It would also highlight the financial performance. For this, KPMG has also decided to merge with the Context Labs. It is a blockchain that offers confrontation about the right source, the provenance of the data. Prescriptive Data and Allinfra is the software on which the KPMG relied to track the operation that includes the emissions and including power consumption, with IoT devices' help. Certainly, KPMG is not the first one to come up with such a transparency solution. Mercedes-Benz, a few days back, had also disclosed its merger with blockchain start-up.
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