• Tue, 23 Jul 2019, 05:37 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

IBM Research, The Freshwater Trust and SweetSense to track groundwater usage using blockchain and IoT

Mon, 11 Feb 2019, 03:47 am UTC

IBM Research has announced a new project that will focus on demonstrating how blockchain and remote IoT (Internet-of-things) sensors can measure groundwater usage in a transparent and accurate manner in real-time.

The project, jointly funded by the Water Foundation and the Gordon and Betty Moore Foundation, will be conducted in collaboration with The Freshwater Trust (TFT), a nonprofit working to protect and restore freshwater ecosystems, and SweetSense, a provider of low-cost satellite connected sensors. The University of Colorado Boulder will also contribute to the research.

According to the official release, the group will pilot the system in northern California's Sacramento-San Joaquin River Delta, an area often referred to as the "nexus of California's statewide water system."

IBM Research explained that water extraction data will be transmitted by sensors to orbiting satellites and then to IBM Blockchain, which will record all data exchanges or transactions. By using a web-based dashboard, various stakeholders – water consumers, financers and regulators – will be able to monitor and track the use of groundwater to demonstrate how sustainable pumping levels can be achieved through the trading of groundwater use shares in the State of California.

In addition, the system will enable individual users who require groundwater amounts beyond their share cap to purchase groundwater shares from users who do not require all of their supply at a market-regulated rate.

“Our strategic intent is to harness new technologies to develop a system that makes getting groundwater more sustainable, collaborative, accurate and transparent process, which is why we are using the blockchain,” said Alex Johnson, Freshwater Fund Director with TFT.

“We now have the project team and funding to do it, and a strong network of partners in the region that are open to an initial testing and building phase."

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,219.20 (-3.55%)
  • Ethereum (ETH) $215.21 (-4.53%)
  • XRP (XRP) $0.318800 (-3.44%)
  • Litecoin (LTC) $93.51 (-5.46%)
  • Bitcoin Cash (BCH) $308.49 (-3.43%)
  • Bitcoin (BTC) $10,219.20 (-3.55%)
Jul 23, 2019 (Tuesday)
05:29
Ping An's OneConnect partners with UnionBank's UBX to launch blockchain-powered financing platform for MSMEs
05:19
FINRA gives companies more chances to comply with crypto data request
05:03
Crypto exchange QuickBit confirms major data leak, likely to affect 300K users
04:45
Uganda looks to blockchain in counterfeit drug battle
04:05
UK lawmaker who busted Facebook-Cambridge Analytica scandal sets sights on Libra crypto
03:47
Singapore-based Forise International expands to blockchain consulting
03:41
Mercedes-Benz' parent company Daimler partners with Riddle & Code to develop crypto hardware wallet for cars
03:26
Binance lists GBP-backed stablecoin 'BGBP'
Jul 22, 2019 (Monday)
12:20
Crypto Technicals: IOT/USD recovery fails shy of 200-DMA, downside resumption likely
12:20
Former Token Foundry head begins process to sue Joseph Lubin for $13M
11:39
Blockchain firm R3 pushes for more Corda sales with new hire
11:26
South Korean citizen unaffiliated to Samsung files trademark application for 'Samsung Coin'
10:46
Former Russian crypto executive arrested in Italy
09:19
Blockchain startup Diana to launch 'lunar registry' to divide and tokenize the moon
08:39
Crypto Technicals: ETC/USD confirms 'Golden Cross' on hourly charts, eyes 21-EMA at 6.722
07:46
Iran finalizes power tariff scheme for crypto miners but no license for importing mining equipment yet
07:42
Crypto firm FairX closes digital doors due to lack of funding
06:34
Thailand shows less hostility towards Libra compared to other countries
06:23
European Central Bank official says calm down about stablecoin
05:42
No official ban on cryptocurrency yet, Indian Minister clarifies
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft