The Watr Foundation, in association with the blockchain platform Algorand, recently thrown out a project to provide ESG score for different commodities with a special focus on climate change. While the project has a clear environmental focus, the platform will also include tagging for everything from how a company treats its workers to how many people participate in an asset's ecosystem by gender.
Watr Foundation board chair Maryam Ayati said in a statement:
“We believe that this next iteration on resource models should be co-created in mutually owned profit models. It is a privilege and a convenience to collaborate with the pioneers of decentralized technology, blockchain, industry and environmental products to bring this blockchain ecosystem to life. "
Algorand COO Sean Ford said that "Watr's vision of enabling a commodity market based on transparency, environmental responsibility and the activism of all participants is aligned with Algorand's leadership as a network of negative carbon ".
In September Algorand released a protocol update to improve your smart contracts and sleepless a $ 300 million fund earmarked for DeFi projects.
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