Exploring the potential of Web3-based carbon tracking in pharma

[Alexander/Adobe Stock]

Carbon tracking is a challenge in many industries, including the pharma sector. Companies are looking to manage their carbon emissions more effectively and meet their environmental, social and governance (ESG) goals, noted Maxence Cacheux, Zblocks co-founder and chief revenue officer. “They need to measure their internal carbon emissions (Scope 1), indirect emissions from the energy they use (Scope 2) and indirect emissions from their suppliers (Scope 3),” he noted. Although adoption is early, Zblocks executives believe there is a clear need for Web3-based carbon tracking in pharma. “The challenge that blockchain can solve is is the lack of transparency and trust in carbon accounting and trading systems,” Cacheux said. “There are gaps in reporting. Additionally, all the data you’re collecting from multiple sources can be potentially tampered, and there is no auditability.” Web3-ba…
Read more
  • 0