The ESG-oriented blockchain hopes to provide an on-chain “nutrition label” for every commodity exchanged

Watr Foundation recently partnered with blockchain platform Algorand roll out A project that provides ESG scores for different commodities, with a special focus on climate change. Although the project has a clear environmental focus, the platform will also include tags on everything from how the company treats its employees to the number of people participating in the asset ecosystem by gender.

Maryam Ayati, Chairman of the Watr Foundation Board of Directors, said in a statement:

“We believe that the next iteration of the resource model should be co-created in a jointly owned profit model. Cooperate with pioneers in decentralized technology, blockchain, industrial and environmental products to bring this blockchain ecosystem to life, It is an honor and comfort.”

Sean Ford, Chief Operating Officer of Algorand, said: “Watr’s vision is to build a commodity market based on transparency, environmental responsibility and the activism of all participants, which is consistent with Algorand’s leadership as a carbon-negative network.”

September Algorand Released Protocol upgrade to improve their smart contracts and Unveil A $300 million fund for DeFi projects.