Combating Water Wars: What It Means to Manage Our Supply with Blockchain

May 7, 2018 | Samantha Radocchia, Forbes
View Original

Water isn’t just seen as a basic human need. It’s also viewed as a commercial necessity and a commodity to be bought and sold, which leads to conflicts and debates about how best to use this valuable resource. As water scarcity increases, a system will need to be developed in order to keep track of water usage and rights. There are plenty of challenges when it comes to tracking water and incentivizing players to work towards the benefit of the population as a whole. However, it’s more and more likely that blockchain will be a key player in creating a sustainable system of water use.