Arivu is a Blockchain-as-a-Service (BaaS) provider that focuses on ESG (Environmental, Social, and Governance) documentation authentication, and Concordium has announced a partnership with them. By offering enterprises validated ESG information, proof, and reliability, the collaboration intends to combat the growing problem of greenwashing. Arivu’s software harnesses blockchain authentication to lower expenses and limit activity related to audit and legal compliance providing a more affordable and effective means for businesses to share ESG information and combat global warming.
According to the most recent European study, 42% of “green” assertions are “exaggerated, erroneous or deceptive,” making greenwashing a perilous strategy that is detrimental to the image and financial health of a business. As with prior partnerships with ClimaFi, Energinet, and Carbotax, Concordium’s association with Arivu demonstrates its dedication to combating global warming via the adoption of innovative blockchain-based methods.
Arivu’s EasyWriter tool offers off-chain businesses and initiatives with a user-friendly interface for a variety of usage scenarios criteria. The system handles both small and big payloads, with small payload information comprising the hash of the binary information, blockchain title, and activity ID, and big payloads being uploaded to public file systems on blockchains.
Arivu’s objective is to offer businesses a reliable way to own, establish, and distribute their path to environmental sustainability by rendering it simpler to recognize and handle exposure to risks in distribution chains. Arivu’s EasyWriter tool can validate ESG information and offer irrefutable proof of its veracity using the enterprise-level blockchain technology developed by Concordium.
“We are thrilled to be working with Concordium to assist businesses in addressing the difficulty of gaining investor and public confidence in their environmental claims. Our united skills transform the corporate landscape.” Matthew Nelson is the chief executive officer of Arivu.
Collectively, Concordium and Arivu are striving toward a more open and viable future, where ESG reporting is true and examined, and greenwashing is an aspect of past history, according to Torben Kaaber, Concordium’s Head of Commercial.