📣 Better Water Management Thanks to Blockchain Technology?

Although water scarcity is not a problem in our regions, there are many countries that are struggling with inadequate water management. The Blockchain should help to use water efficiently. Australia and the USA have already developed initial concepts.

Two thirds of the earth is covered by water, but only 1 percent of it is usable for humans. While in our latitudes, due to a guilty conscience, we do not let the water run when brushing our teeth, others are actually struggling with water shortages and corresponding rationing. Approximately 4. 5 billion people have no access to a secure water supply due to water scarcity - and the trend is rising. The blockchain technology could ensure that water can be used more efficiently and distribution ensured. In this way, important data on water quality and quantity could be stored on it. This information would help both industrial consumers and private households to manage water consumption. Current data could be used to decide whether the water can be stored or used. This would not only reduce costs, but also make distribution more efficient.

Australia on the advance

The Australian city of Fremantle is currently planning a project to test the capabilities of the blockchain for water and energy distribution. For this purpose, robust, low-carbon and cost-effective systems are combined with the blockchain technology. A large photovoltaic system, a charging station for electric vehicles and systems for water treatment and absorption will also be connected to the blockchain technology. This scope of the project already suggests it: Research is already underway here with a view to future smart cities.

Melbourne also wants to optimize water trading with the help of Blockchain technology. The city has teamed up with the start-up Civic Ledger for this purpose. As part of the collaboration, they completed a feasibility study for a blockchain-based application. This should increase the transparency and efficiency of water market trade in Australia.

Clean water in the USA

The water used in oil wells is mainly stored underground in barrels, making it impossible to use elsewhere. Now the US-based Genesis Research Technology Group has developed a system that can purify the water without chemicals. This process has proved very successful over the last three years. The company now uses the Ethereum blockchain to test and evaluate water quality in a tamper-proof manner. To this end, it has entered into a cooperation agreement with MVP Asia Pacific Inc. Its CEO, Darren McVean, explained:

"The Blockchain represents an amazing potential for the environmental and land rehabilitation sector. In the past, governments and community groups had no access to land, water and air quality records. Few have confidence in the reports and this has nipped investments in environmentally friendly technologies in the bud. We believe that by integrating the Blockchain technology into Genesis RTG's proven water treatment process we can realize enormous environmental benefits on a large scale and drive the Blockchain industry forward".

Melbourne also wants to optimize water trading with the help of Blockchain technology. The city has teamed up with the start-up Civic Ledger for this purpose. As part of the collaboration, they completed a feasibility study for a blockchain-based application. This should increase the transparency and efficiency of water market trade in Australia.

Of course, the Blockchain cannot conjure up water where there is none. However, it can apparently help people to distribute the available water efficiently and document its quality reliably.

Source: https://www.btc-echo.de/bessere-wasserwirtschaft-dank-blockchain-technologie/