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 … [Read more...] about ESG oriented blockchain wants on-chain ‘nutrition labels’ for every commodity exchanged
“I’ve always felt that the environmental argument against cryptocurrencies is weak,” said Scott Eichler, founder and principal at Standing Oak Financial, a Newport Beach, Calif.-based registered investment advisor (RIA). “There’s something to the idea that, in some ways, the energy use gives cryptocurrencies their value, creating a barrier to entry.” Source link … [Read more...] about Do Cryptocurrencies Have a Dirty Little ESG Secret?
Environmental concerns regarding the energy-intensive, proof-of-work (PoW) mechanism that Bitcoin (BTC) uses to produce new coins and verify transactions have been front and center lately. Debates regarding Bitcoin’s energy use particularly surged following a tweet sent out by Tesla CEO Elon Musk in May saying that his company would no longer accept Bitcoin payments due to the … [Read more...] about Bitcoin miners can prove green potential by undergoing ESG ratings check