Creating Your Own ESG Assets Using the Open Source Guardian

With technology like blockchain and other innovative ideas rapidly entering the marketplace, companies need help building upon these initiatives. Daniel Norkin, co-founder of Envision Blockchain, discussed the solutions that Envision Blockchain offers and the future of the industry.

With consumers focusing more and more on environmental, social, and governance (ESG) standards in their investments and purchases, sustainability is one major avenue of importance. With this shift in attitude, many companies are making ESG promises to create a better world and attract more investors, such as pledging to be carbon neutral by 2050.

For Norkin, this can be realized through building customized applications that display a company’s green initiatives, which is a welcomed change in pace for him. “It’s nice to build things that have an impact on the world,” Norkin stated.

Norkin recommended that companies ensure that their ESG assets are public and traceable, like a TrustChain with the Guardian. “You wouldn’t be able to get something like this in the private blockchain,” Norkin explained. The benefit of remaining transparent means you can trace and, therefore, report out on their decarbonization promises to auditors, investors, employees, and consumers.

With blockchain and sustainability both being in their foundational stages, Envision Blockchain realizes creating standards amongst both topics is of utmost importance. Norkin explained that Envision Blockchain is also investing in a few exciting initiatives to help anticipate these standards, like the Guardian 2.0 — which will help to centralize the Hedera network — and two new policies.

For more information on Envision Blockchain’s next generation of technology, visit their website or follow them on LinkedIn.