HomeTechnologyWeb3 Is a Recreation Changer in ESG Compliance

Web3 Is a Recreation Changer in ESG Compliance

However, the advantages of Web3 applied sciences in easing this transition interval shouldn’t be underestimated. By offering a strong system for information verification, a system based mostly on content-addressed information might mitigate potential fines corporations could face for non-compliance. For the brand new EU rules, if an organization fails to hold out qc, it may very well be fined as much as 4% of its complete annual turnover. A 4% lack of complete annual turnover is a major deterrent, making the funding in Web3 applied sciences an economically sound choice.

Supply: https://www.coindesk.com/consensus-magazine/2023/08/30/save-a-tree-use-web3/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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