Utilities Tech Outlook Weekly Brief
Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Utilities Tech Outlook
Blockchain ensures data on water quality and quantity can be used to make healthier decisions in times of escalating water scarcity.
FREMONT, CA: Water utilities are now equipped with data-driven technologies allowing to tantalize out previously-unattainable information regarding water supply and demand. It enables water managers to build a future of reliable, clean water resources. Developments in technology have opened new tunnels for exploration and production activities, resulting in waste minimization.
Water management companies are using blockchain to decentralize energy and other waste management related activities. The advanced technology has the potential to secure water transactions. According to IBM, blockchain has the near-term ability in supply management and water billing. With the real-estate booming, intelligent and sustainable management of water and sewage is inevitable. Blockchain-powered water management can treat water and promote reuse of water as in cases where on-site water can be used for a golf course or to irrigate the garden. With such techniques, the environment remains safe, and the cost of recycling is reduced to half. Wastewater management and treatment is vital as it ensures sustainability.
Blockchain is the ultimate solution to a problem that poses a notable warning to human existence. Water scarcity has become a considerable challenge, although the resource covers an abundant chunk of the earth surface. The technology empowers clean water projects to draw investors around the world with unique extent and ease. New projects are actively looking at alternatives to incorporate blockchain into payments and settlements processing in the water sector. It is also utilizing IoT devices to advance usage and water quality reporting.
While the technology flow of water cannot be tracked, it can be used to reduce costs, enhance efficiencies of how the valuable commodity is distributed. How technology can be utilized to create smart cities has been the focal point. However, a new trend that has gradually emerged is helping in changing the water scarcity debacle. Blockchain is an efficient alternative to the prevailing system of distribution and allocation that water energy now has if it is able to track the effectiveness of how water is distributed and avoid wastage. This helps people feel confident about the quality of water being using and also alert administrators in case of water quality declines.
Blockchain can help in efficiently monitor waste and document quality checks and standards safely. People have realized the worth of water after the recent declaration of water scarcity. Water that was supposed to be free of cost is now being sold at a high price. Blockchain-enabled companies are taking a step forward towards retaining the water crisis that the world is facing. It is restoring the water balance by harvesting clean water, turning it into a blessing for businesses. Blockchain is also improving recycling efficiency and mitigating regulatory efforts and help make water management a success.
