Share this article
EY Launches Ethereum-Based Carbon Emission Tracking Platform
The EY OpsChain ESG made the announcement at the firm’s Global Blockchain Summit in London.
By Ian Allison
Updated May 10, 2023, 5:27 p.m. Published May 10, 2023, 12:00 p.m.
Make us preferred on Google
EY, the professional services giant, has started an Ethereum-based platform for enterprises to track their carbon emissions and carbon credit traceability.
The EY OpsChain ESG made the announcement at the firm’s Global Blockchain Summit in London. The platform is now available in beta version on the EY Blockchain SaaS platform.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The system uses carbon emission tokens developed by standards body the Microsoft-backed InterWork Alliance, part of the Global Blockchain Business Council (GBBC), of which EY is also a member.
Over the past few years, enterprises have looked to blockchain technology to track and trace elements of their workflows, from trade finance to food products. Keeping tabs on carbon emissions and credits has been a focus for many in the environmental and social governance arena, and EY has been a long time advocate for using the public Ethereum blockchain to achieve this goal.
EY’s ESG chain is based on the conviction that blockchains are the glue that can link business processes and global ecosystems across enterprise boundaries, said EY Global Blockchain Leader Paul Brody.
“Detailed traceability allows for tracking of emissions inventory through tokenization including the ability to link carbon output to specific product output,” Brody said in a statement. “By using carbon credit tokens, either created or sourced on the market, enterprises can now have visibility into their actions toward decarbonization.”
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Bitcoin income windfall drives Metaplanet to revise full-year revenue forecast upward
The company forecasts revenue of over $100 million for FY2026, with 97.5% of projected sales coming from its Bitcoin Income Generation business.
What to know:
- Metaplanet experienced a volatile end to 2025, posting a paper loss of over 100 billion yen due to a bitcoin correction, but remains optimistic about its future.
- The company forecasts revenue of over $100 million for FY2026, with 97.5% of projected sales coming from its Bitcoin Income Generation business.
- Despite a significant accounting loss, Metaplanet maintains that its business fundamentals are strong, with its BTC yield rising 568% over the past year.
Top Stories
