# ESG oriented blockchain wants on-chain ‘nutrition labels’ for every commodity exchanged
“# ESG oriented blockchain wants on-chain ‘nutrition labels’ for every commodity exchanged ”
Watr Foundation council president Maryam Ayati said in a statement:
“We believe this next iteration on resource models should be co-created in mutually-owned profit models. It is a privilege and comfort to be collaborating with the pioneers of decentralized technology, blockchain, industry, and environmental products in bringing this blockchain ecosystem to life.”
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 protocol upgrade to improve their smart contracts and unveiled a $300 million fund aimed at DeFi projects.
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