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Web3 Is a Game Changer in ESG Compliance
![Web3 Is a Game Changer in ESG Compliance Web3 Is a Game Changer in ESG Compliance](https://i0.wp.com/www.coindesk.com/resizer/CijupVJFK8p_VDyVyI-Jw0JkoW4=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/CO2V7DHWDVGCFBMIJZEJXOMFAU.jpg?resize=780%2C470&ssl=1)
Nevertheless, the benefits of Web3 technologies in easing this transition period should not be underestimated. By providing a robust system for data verification, a system based on content-addressed data could mitigate potential fines companies may face for non-compliance. For the new EU regulations, if a company fails to carry out quality controls, it could be fined up to 4% of its total annual turnover. A 4% loss of total annual turnover is a significant deterrent, making the investment in Web3 technologies an economically sound decision.
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