SAN FRANCISCO and PARIS,
July 21, 2018 /PRNewswire/ --
Founder Amy Seidman among experts
who will present blockchain solutions to support UN SDGs during
meeting of United Nations environmental agencies July 23-24 in Paris.
Noble Profit is taking
sustainable business and investing to new levels of accountability
with BFlow, the blockchain technology solution to report and
validate environmental impact and other sustainable metrics.
Using the United Nations Sustainable Development Goals as a
common language across all industries, BFlow is a blockchain
technology protocol and network being designed to demonstrate
"proof of reputation," a requirement that is increasingly in demand
by investors and consumers. Bringing a unified method of reporting
to a fragmented sustainability metrics system, BFlow's mission is
to create the transparency and accountability businesses need to
report, track and measure their sustainability initiatives.
"BFlow is being designed to make it easy to transact, report and
validate sustainable commitments of all kinds," said Amy Seidman, founder and CEO of Noble Profit. "Our vision is to give companies,
governments, NGOs and financial institutions a mechanism to report
their commitments for the United Nations Sustainable Development
Goals (UN SDGs), in turn enabling the United Nations to track their
progress and invite third parties to track and to validate
them."
Seidman is among a panel of experts advising the UN Environment
and other United Nations agencies in Paris on July 23
and 24. During the meetings, she will present BFlow and explore
other ways blockchain technology can support the UN SDGs. Seidman
is also a member of the newly formed Climate Chain Coalition, a
partner organization of the United Nations Framework Convention on
Climate Change, which is committed to using blockchain technologies
and the UN SDGs to solve climate change.
"Corporations, governments and other institutions have committed
to the UN SDGs, but how do we track all of that data?" asked
Seidman. "Managing and enabling the information to be accessible to
groups like the United Nations is very difficult when it sits
behind a firewall or within a PDF on a website. We're creating a
method for this data to be published and seen.
Allowing corporations to report UN SDGs, to the blockchain in a
uniform way is just the beginning. Other examples of BFlow
reporting on social and environmental issues may include tracking
environmental, social and governance investing by wealth managers,
tracking education and volunteer activities by corporate employees,
empowering supply chains with transparency and helping small
producers to scale their businesses.
BFlow's blockchain distributed ledger technology has the
potential to make compliance verification and validation processes
more effective since it is being designed to enable the transparent
tracking of environmental data. As a result, the environmental
commitments of countries and companies should become more visible,
with the added benefit of addressing inaccuracies with validations
to address manipulation.
As officials at the UN Environment agency explained, "One of the
potential application of the blockchain technology for the UN is to
monitor compliance with Multilateral Environmental Agreements
(MEAs). UN Environment is the secretariat of a number of MEAs
and leads UN-system coordination on MEAs." ~ Toyo Kawabata, United Nations Environment on the
UN Environment's Blockchain Dialogue at UNESCO in Paris July, 2018
BFlow's vision is to map sustainable metrics across all
industries. The transparency offered by reporting on the
blockchain, and the ability for others to validate such claims, can
create a secure "proof of reputation" metric. Using the BFlow token
to access reporting protocols APIs, BFlow will be available for use
by banks, governments, auditors, data providers and other
interested parties to easily report their sustainability metrics to
the blockchain.
About BFlow
BFlow is a blockchain solution being developed by Noble Profit to make it easier to report
sustainability metrics. By establishing proof of reputation using
data validated by trusted third parties, BFlow is creating a
protocol with a self governing network to track commitments and
validate claims by public and private organizations, such as
corporations and investment funds. BFlow technology is being
designed to enable efficiency in business that drives. For more
information, visit http://bflow.io, Telegram http://t.me/BFlow,
Twitter http://twitter.com/BFlowtoken.
Some of the statements in this press release are forward-looking
statements or statements of future expectations based on currently
available information. Such statements are naturally subject to
risks and uncertainties. Noble
Profit does not make any representation or warranty, express
or implied, as to the accuracy, completeness or updated status of
such statements. In no case whatsoever with Noble Profit be liable to anyone for any
decision made or action taken in conjunction with the information
and/or statements in this press release.
Press Contact: Tony Winders, The
Winders Group, tony@thewindersgroup.com, (818) 554-9236
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