Financial Industry Group Turns to Blockchain for Tracking Firm Sustainability Goals

Cryptovest

Published Oct 18, 2018 03:23AM ET

Updated Oct 18, 2018 05:01AM ET

Financial Industry Group Turns to Blockchain for Tracking Firm Sustainability Goals

A UK-based group, Responsible Finance and Investment (RFI) Foundation, plans to introduce the tool next year.

The body decided to use distributed ledger technology because of its ability to track all data and to bring transparency. Moreover, the process of correcting old information is nearly impossible with blockchain, and in that way, RFI Foundation will tackle problems such as “greenwashing” – a process when comp...


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