The technology giant IBM has become a leader in demonstrating concrete applications of block chain technology. The company has already implemented block chain-based solutions to track food supply chains and guarantee minerals from ethical sources. IBM continues to work with a number of leading organizations to solve complex problems through its block chain network. Recently, it was announced that IBM Research would be partnering with Freshwater Trust (TFT), a non-profit organization, to work towards the protection and restoration of freshwater ecosystems, and Sweet Sense Inc., a provider of low-cost sensors connected by satellite to test block chain and IoT technologies to monitor groundwater use in one of the largest and most threatened aquifers in North America. The University of Colorado at Boulder will provide additional research support for this project, which is also jointly funded by the Water Foundation and the Gordon and Betty Moore Foundation.
Making Use of IoT and Block chain Tech
Scientists and project engineers will demonstrate how IoT block and distance chain sensors can accurately measure groundwater utilization in a transparent and real-time manner. The sensors will transmit the water extraction data to the satellites in orbit, then to the IBM block chain platform hosted in the IBM cloud. The block chain will record all the data exchanges and transactions done in one immutable big book. Smart contracts will also be used once the transactions are automatically executed when the conditions are matched.
The group will pilot the system in the Sacramento-San Joaquin River Delta in northern California, often referred to as the ‘link between California’s water system’. The river delta covers 1,100 square miles, fueling the San Francisco Bay Area and Southern California. It also supports dozens of species of fish, plants, and animals protected by law. In addition, almost 75% of this land is used for agriculture.
Carried out on the basis of a Kenyan research project partnered with USAID, the Millennium Water Alliance along with its other partners, are now leveraging its expertise in creating decision support systems for water management. For the aggregation of surface and groundwater data, workflow optimization and analysis to address similar challenges in California. With the introduction of this block chain technology, IBM can now successfully bridge critical gaps in trust and transparency, creating a robust, scalable and cost-effective platform for managing valuable groundwater resources around the world.
Collaboration between organizations began in response to the Sustainable Groundwater Management Act (SGMA), which was promulgated in California in 2014. SGMA mandated the establishment of the Groundwater Sustainability Agencies (GSAs), local groups responsible for ensuring the supply of regional groundwater are managed sustainably. GSAs are responsible for developing and implementing a plan to sustain their local use of groundwater by 2040. In California and the Central Valley, agriculture is one of the most important impacts on the conditions of our rivers. It is a vast agricultural region subject to strong groundwater pressures. This issue was brought to the attention of California when a multi-year drought had an impact of more than $ 3 billion on the agricultural economy. California then adopted the SGMA, which will regulate for the first time the pumping of groundwater. Now, however, the state of California is trying to figure out how to share community resources. As a non-profit organization, TFT is trying to help achieve these goals.
Block chain for Regulators, Lender, and Famers
Throughout the pilot project, a web dashboard will be made available to farmers, funders, and regulators, allowing all parties to monitor and monitor groundwater use. It will also help demonstrate how sustainable pumping levels can be achieved through the negotiation of groundwater use shares in the state of California. Individual users who require groundwater above their action cap will be able to buy shares from other users who do not need all of their supply. The block chain allows visibility of water extraction while helping transparency and the ability to trade assets.