IBM continues to work with blockchain technology demonstrating that it has real-world applications and that it is possible to improve many different economic sectors. This time, IBM Research is partnering with The Freshwater Trust (TFT) to work in a project to protect and restore freshwater ecosystems.

Another company that is also working with IBM Research and TFT is SweetSense Inc., a provider of low-cost satellite connected sensors. The intention is to use blockchain technology and the Internet of Things (IoT) and be able to monitor groundwater usage in one of the largest aquifers in North America.

According to a recent report released by Forbes, the University of Colorado at Boulder will provide additional research support for this project. Scientists and engineers will be using distributed ledger technology (DLT) and IoT sensors to measure water usage in real-time.

The first pilot will be in northern California’s Sacramento-San Joaquin River Delta, which provides water to the San Francisco Bay Area and also Southern California.

Dr. Solomon Assefa, Vice President, Emerging Market Solutions and Director for IBM Research, Africa, commented:

“Based on a research project in Kenya with USAID, the Millennium Water Alliance and other partners, we are now applying our expertise in building decision support systems for water management for surface and groundwater data aggregation, workflow optimization and analytics to address similar challenges in California.”

He went on saying that using blockchain technology it is possible to bridge critical trust and transparency gaps. This would allow these firms to create and build a robust and scalable platform to manage groundwater supplies.

As per the report, this collaboration between these organizations began in response to the Sustainable Groundwater Management Act (SGMA).

With this pilot, farmers, financiers, and regulators will have a dashboard that will allow them to monitor and track the use of groundwater. Additionally, according to Nathan Wangusi, researchers are also developing a new concept for a “groundwater credit” that will allow farmers to trade water sources amongst each other.

There are several blockchain projects that are being used to track different items and even food. This allows to reduce paperwork and also to be sure that the products transacted follow all the required procedures.


via “IBM” – Google News

February 9, 2019 at 08:32PM