• Days
  • Hours
  • Mins
  • Secs
  • Sun, 20 Oct 2019, 10:19 PM
  • 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) $8,228.12 (+2.97%)
  • Ethereum (ETH) $175.64 (+1.69%)
  • XRP (XRP) $0.295900 (+1.34%)
  • Bitcoin Cash (BCH) $225.67 (+5.39%)
  • Litecoin (LTC) $54.95 (+1.62%)
  • Bitcoin (BTC) $8,228.12 (+2.97%)
Oct 18, 2019 (Friday)
12:51
Telegram’s claim “Grams will not be security once TON Blockchain launches” is insufficient, argues SEC
11:51
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:51
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:23
US Senator comes out in support of Facebook’s crypto, finds hostility towards Libra “puzzling”
10:38
Crypto Technicals: BCH/USD tests trendline support (209), dip till 78.6% Fib (168.35) likely
10:13
IBM, Raw Seafoods partner to digitize scallops supply chain using blockchain
08:48
India’s Reliance Industries reveals blockchain plans for Bill of Lading and Letter of Credit transactions
07:48
Crypto Technicals: Ripple (XRP) erases most of previous session's gains, retrace below cloud dents further upside
07:22
Crypto exchange Upbit operator Dunamu to launch OTC trading platform for unlisted securities
06:52
Crypto Technicals: ETH/USD fails to extend recovery, resumes weakness, 167.50 (Oct 6 low) in sight
06:22
Stablecoin initiatives highlight shortcomings in cross-border payments: G7 Working Group
06:11
Crypto Technicals: LTC/USD extends choppy trade below 21-EMA, bias bearish
05:02
Crypto Technicals: BTC/USD confined to narrow range, bias bearish below 5-DMA (8132)
04:48
Telegram calls SEC’s emergency injunction “unreasonable”, argues gram tokens are not securities
Oct 17, 2019 (Thursday)
13:38
Bermuda to develop blockchain-based national ID system with Shyft and Perseid Network
12:52
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:48
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:59
Samsung SDS partners with Tech Mahindra and Pega to launch blockchain-based traceability solution
11:13
Telegram proposes to postpone TON blockchain project launch to April 2020, seeks investors’ consent
10:41
Crypto Technicals: TRON (TRX) resumes weakness, break below 20-DMA could see fresh multi-month lows
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft