4 Ways Blockchain Ensures Transparency in Supply Chain ESG Metrics

Blockchain technology could be the antidote to these challenges by providing a decentralized, transparent, and immutable ledger for tracking ESG metrics. 

Here's how it works.

Creating standardized ESG metrics that all companies must adhere to.

Using IoT devices and sensors to collect real-time data related to their ESG activities.

Smart contracts could automatically trigger audits if there are discrepancies in reported data.

All stakeholders, including investors and regulators, could have  permissioned access to the blockchain to view real-time ESG data.