IBM Research, in collaboration with SweetSense, a sensor tech solution provider; the Freshwater Trust (TFT), a non-profit organization; and the University of Colorado Boulder, as per a recent press release statement on Friday, Feb. 8th 2019, are working on a collaborative project to monitor groundwater level, by leveraging the blockchain and the Internet of Things (IoT) tech.
These 4 organizations have joined forces for the sustainable management of groundwater resources at North America’s largest and most at risk aquifers, located in northern California’s Sacramento-San Joaquin River Delta. The region covers a vast 1,100 square miles area and is reportedly the nexus of California’s statewide water system, and this is an ideal testing ground for the new sustainability pilot project.
With the help of IoT sensors, water extraction data will be transmitted to orbiting satellites. The extracted data will be analyzed to detect rainfall and other weather correlation patterns. Further, this analyzed data will then be recorded onto the IBM Blockchain Platform. The platform will serve as a web-based dashboard application, which will help water consumers and stakeholders in the region, including farmers, financers and regulators to monitor groundwater use in real-time.
Furthermore, in the near future, with accurate tracking in place and with the issue of “groundwater shares,” the platform will serve as a trading solution for all the actors in the region, establishing credit trading of water supply, i.e. exchanging the assigned water supply with credits to help those who require more.