Two global companies, which previously set foot in the NFT and DeFi sectors, announced new moves today. In one of them, Consulting giant Ernst & Young (EY) shared which altcoin network it will launch its new carbon emissions tracking platform on.
JR Kyushu chose this altcoin network for his new NFT project
Kyushu Railway Company (JR Kyushu) and PRO Co., Ltd. (PRO) announced today on which network their new NFT project will spread. The two companies are preparing to operate their own sales sites to offer and distribute NFT content.
The companies plan to use Astar Network (ASTR), a blockchain system originating in Japan, for this venture.
According to the announcement, JR Kyushu NFT sales site will be active soon and will manage NFT transactions. This new platform allows users to buy NFT with Japanese yen instead of crypto. Users will also be able to earn NFTs using stations, trains, buses and other related facilities. Additionally, they plan to offer special NFT benefits based on the number and type of NFTs users have.
The wallet, which is connected to the sales site, will allow users to access their wallet cards by holding their smartphones. The platform will also be compatible with a variety of browsers, including Chrome, Safari, and Microsoft Edge.
NFTs go on sale today
JR Kyushu and PRO are currently evaluating several other collaboration possibilities. They plan to release details of the NFT content that will be sold and distributed soon. As part of their free trial plan, they have announced their plans to distribute the first NFT content from May 10.
One of the ‘Big Four’ firms launched their carbon emissions tracking platform on this altcoin
Ernst & Young (EY), considered one of the Big Four firms along with Deloitte, PricewaterhouseCoopers, KPMG, has launched an Ethereum-based platform for businesses to track their carbon emissions and carbon credit traceability.
EY OpsChain ESG made the announcement at the firm’s Global Blockchain Summit in London. The platform is now available in beta on the EY Blockchain SaaS platform. The system uses carbon emission tokens developed by the Microsoft-backed InterWork Alliance standard organization, which is part of the Global Blockchain Business Council (GBBC), of which EY is a member.
As Kriptokoin.com, we have conveyed the company’s plans to open up to DeFi services. EY Global Blockchain Leader Paul Brody says EY’s ESG Chain is based on the belief that blockchain is the glue that can connect business processes and global ecosystems across corporate boundaries. Brody later said in a statement:
Detailed traceability allows tracking of emissions inventory through tokenization, including the ability to link carbon output to specific product output. By using carbon credit tokens created or procured in the market, businesses can now see their actions towards decarbonisation.
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