Switzerland-based Watr Foundation has partnered with Web3 infrastructure developer Parity Technologies, the company behind the Polkadot blockchain, to develop a public blockchain protocol and dApp (decentralized application) ecosystem for ethical commodities. As awareness and concerns over business impact grow globally, Environmental, Social, and Governance (ESG) labeling is giving investors newfound tools to categorize companies' efforts to pursue more sustainable and ethical business practices. Although the scope is focused mainly on publicly-listed companies, it provides a blueprint for similar efforts in other areas of industry, namely commodity production. Like ESG, interest in the production and trade of commodities categorized as "ethical" or "sustainable" is also climbing.
