Although water scarcity is not a problem in our climes, there are many countries struggling with poor water management. The blockchain should help to use water efficiently. Australia and the US have already developed initial concepts.
Two-thirds of the earth is covered in water, but only 1 percent of it is usable for humans. While in our latitudes we do not run the water while brushing your teeth, others actually have to contend with water scarcity and appropriate rationing. Approximately 4.5 billion people have no access to safe water supplies due to water scarcity - and rising. Blockchain technology could help to use water more efficiently and ensure distribution. So you could save on it important data on water quality and quantity. This information would help both industrial consumers and private households to manage water consumption. On the basis of current data, one could decide whether you can save or use the water. This would not only reduce costs, but also make distribution more efficient.
Australia on the rise
The Australian city of Fremantle is currently planning a project to test the capabilities of the blockchain for water and energy distribution. Robust, low-carbon and cost-effective systems are combined with blockchain technology. Similarly, a large photovoltaic system, a charging station for electric vehicles and systems for water treatment and absorption are connected to the blockchain technology. This scope of the project already suggests that research is already being conducted with a view to future smart cities.
Melbourne also wants to optimize water trade using blockchain technology. For this purpose, the city has teamed up with the start-up Civic Ledger . As part of the collaboration, they have completed a feasibility study for a blockchain-based application. This should increase the transparency and efficiency of the water market trade in Australia.
Clean water in the USA
The water used in oil drilling is mainly stored underground in barrels, making it impossible to use it elsewhere. Now, the US-based Genesis Research Technology Group has developed a system that can purify the water without chemicals. This process has proven very successful over the past three years. In order to test and evaluate the water quality tamper-proof, the company uses the Ethereum Blockchain. It has entered into a cooperation with MVP Asia Pacific Inc. Its CEO, Darren McVean, stated :
"Blockchain represents an amazing potential for the environmental and land rehabilitation sector. In the past, governments and community groups have had no access to land, water and air quality records. Few have confidence in the reports and this has stifled investment in green technologies in the bud. We believe that by incorporating Blockchain technology into Genesis RTG's proven water treatment process, we can vastly realize tremendous environmental benefits and drive the blockchain industry forward. "
The Blockchain can not conjure up water, of course, where none is. However, it can obviously help people to efficiently distribute existing water and to document its quality safely.
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