Project • POC application

GroundWater IOTA

Vision

GWIota puts a price on groundwater, enables farmers to better share water, and become more resilient in the face of global warming.


Tags
  • decentralized
  • grants
  • ict4d
  • proposal
  • flash channels


Contributors

GroundwaterIota utilizes IOTA flash channels for making micro payments between smart pumps, effectively putting a price on groundwater. Instead of paying to a central authority, a smart pump is capable of paying others in a network of collective farmers in a groundwater cooperative. This accurately puts the price of groundwater right where the costs are imposed, on a farmer's neighbour.

Our goal is to get ecosystem funding for Phase 1 of this project. We want to demonstrate a real-world use case of IOTA for smart payments, and show how IOTA can be used in emerging markets for social change.


Contributors