The world’s demand for water has grown by around 1% per year. By 2030, we may fall 40% short of the amount of freshwater needed to support the global economy as pollution and climate change affect the global water cycle.
For 1.9 billion people, water scarcity is already a reality – this number is expected to rise to 3 billion by 2050. Microplastic fibers were found in 83% of tap water samples around the world and more than 90% of bottled water analyzed.
Blockchain can be used to tackle water supply and distributing water in affected areas more efficiently.
- Water Supply
• Water monitoring and management
• Micropayments for water meter donations
2. Drought planning
• Precipitation intensity monitoring and forecasting
• Automated crop insurance for drought periods
3. Adequate Solution
• Asset-backed token system for clean, accessible drinking water
• Hyperlocal water data for monitoring water quality
• Efficient water treatment systems
4. Water efficiency
• Blockchain-enabled peer-to-peer trading of excess water resources
• Cryptocurrency enabled smart meters
5. Catchment control
• Decentralized, catchment-based approach to improving water quality
• Water quality control in catchment areas