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