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23.11 - 19:47
ESG oriented blockchain wants on-chain ‘nutrition labels’ for every commodity exchanged
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The Watr Foundation, in partnership with blockchain platform Algorand, recently launched a project to provide ESG scoring for different commodities with a special focus on climate change. While the project has a clear environmental focus, the platform will also include labeling for everything from how a company treats its workers to the number of people participating in an asset's ecosystem by gender.
Watr Foundation council president Maryam Ayati said in a statement:
Algorand COO Sean Ford said “Watr’s vision to enable a commodities market that is grounded in transparency, environmental responsibility and activism by all participants is aligned with Algorand’s leadership as a carbon-negative network.”
In September Algorand released a
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