Building our own blockchain frees us from constraints faced by others ESG Constraint Architecture choice Consequence in ESG Technology Only certain parties can view committed For claim to be widely trusted, it needs to be data, rendering transactions unverifiable by widely verified, which private blockchains do anyone outside of the consortium (e.g. not allow private) 1 Transparent Only authorized parties can write and • Consortium owners can act as gatekeepers confirm data to blockchain (i.e., to what claims can me put on the permissioned) blockchain • Limiting “free speech” lessens ability of those whose ESG claims are strongest (e.g. at source) to make them Affordable & Native coin used to both price transactions • Transaction fees can exceed the value of 2 and reward network. Publicly traded nature the asset being transacted (i.e., coffee, Traceable of native coin means transaction price cocoa) increases with appreciation of its token • Limits ability to track all the way to end user Energy Consensus mechanism is a ‘race’ by network • Requires high energy input to maintain, 3 efficient & nodes to solve mathematical puzzle (e.g. diminishing or offsetting ESG efforts Lightweight PoW)