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Case Study: Revolutionizing Water Management with Blockchain

Updated: Oct 18, 2023

By Jaya Bijoor


Case Study 1:

A collaboration between the WWF and a blockchain startup aims to develop a platform that tracks water consumption in the Colorado River Basin. Stakeholders can access this platform to monitor water usage and pinpoint potential opportunities for conservation. The WWF partnered with SweetSense, a provider of low-cost satellite-connected sensors for tracking water usage. Together, they have developed a blockchain platform to monitor and manage water usage in the Colorado River Basin. The basin spans seven US states and supplies water to over forty million people.


The platform utilizes IoT technology, satellite connectivity, and blockchain to collect and secure real-time water usage data. The satellite-connected sensors are placed on wells, pumps, and other water infrastructure to measure the volume of water extracted or consumed, and this data is then recorded on the blockchain.


By leveraging blockchain technology, the platform ensures the recorded data’s transparency, accuracy, and security. It allows stakeholders, including farmers, government agencies, and

water managers, to access the data and track water usage patterns. This will enable them to make informed decisions about water conservation measures and identify areas where water can be used more efficiently.


This partnership aims to enhance water management practices and enable sustainable water usage in the Colorado River Basin. By providing real-time and reliable data on water usage, the platform helps stakeholders understand the current state of water resources and take proactive steps to protect them. Additionally, it can facilitate collaboration and information-sharing among the various parties involved in water management.


By identifying potential areas for conservation and promoting efficient water use, the platform can contribute to the preservation of the Colorado River Basin’s ecosystem and ensure a sustainable water supply for both humans and the environment.


This initiative is an excellent example of how we can leverage emerging technologies like blockchain and IoT to address complex environmental challenges. It demonstrates how innovative solutions can be applied to manage and protect precious natural resources more effectively.


Case Study 2:


The Australian National Water Trading Platform (NWTP) uses blockchain technology to create a marketplace for farmers, water brokers, and other stakeholders to participate in buying and selling water rights. Water rights are the legal rights granted to individuals or organizations to use water from specific sources, such as rivers or underground reserves. Farmers and other stakeholders can trade transparently and securely, facilitating a more efficient allocation of water resources.


By utilizing blockchain, the platform ensures transparency, immutability, and security of the transactions. Blockchain technology offers a tamper proof ledger, providing a reliable record of ownership and transfer of water rights. The blockchain ledger offers a transparent and publicly accessible record of all water rights transactions. It helps to reduce information asymmetry and build trust among participants. The decentralized nature of the ledger makes it more resistant to hacking or unauthorized changes than centralized systems. By digitizing the trading process, the NWTP reduces administrative burdens and paperwork, making transactions more efficient and cost-effective. With transparent and up-to-date information, stakeholders can make informed decisions regarding the allocation of water resources. The NWTP also allows smaller-scale farmers to trade water rights, promoting inclusivity and market

participation.


Both projects demonstrate the potential of blockchain technology in revolutionizing water rights trading. Enhancing transparency, security, and efficiency contributes to a more

sustainable and equitable allocation of water resources worldwide.

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