7 projects leveraging blockchain to improve global water security
Happy World Water Day! First introduced in 1993, World Water Day aims to celebrate water as an essential part of life and raise awareness of the 2.2 billion people around the world without access to safe drinking water.
It is difficult to fathom that, in this day and age, with all the technology and capital available, 2.2 billion people still lack access to safe drinking water. This challenge is only expected to worsen in the coming years due to climate change, with increasing droughts and unpredictable weather patterns impacting the world’s water cycles.
Emerging technologies can, and must, be a vital component in addressing this challenge. Many in the Web3 community have taken up the call and are creating novel solutions that leverage blockchain-based tools to help build a world where everyone has access to safe water. So, in honor of World Water Day, let’s highlight seven of these innovative projects.
1. WaterLAB
A project of WaterDAO, WaterLab is “A decentralized national water laboratory for the research and development of advanced desalination and regenerative water.” To date, they have supported numerous water projects with the goal of creating more regenerative water sources. WaterLAB has developed an $RH20 water credit that rewards individuals who have contributed to the WaterDAO platform or projects that have developed new sources of regenerative water.
We recently had the chance to chat with Aaron Mandell and Renée Davis of WaterLAB on the Crypto Altruism podcast!
2. LAKE
LAKE aims to harness the power of Web3 to create a “decentralized ecosystem that promotes equitable water access, fosters sustainability, and empowers individuals.” They are currently in the process of launching the LAK3 token, which will give the average individual the opportunity to participate in the water economy. Holders of the LAK3 token can directly purchase high quality water through their “Burn to Own” protocol that enables access to reliable and affordable water. Furthermore, holders have the opportunity to invest in the development of sustainable water solutions around the world.
3. Blu Arctic
Blu Arctic is on a mission to address the world drought crisis through the use of tokenization. Their recently launched $BARC token, which is “blockchain’s first water commodity token,” can be exchanged for water claims, which give holders a direct share of profits and the right to ownership of strategic water reserves. Blu Arctic’s water reserves span continents with plans to expand them further with the goal of creating drought resiliency in vulnerable regions.
4. Tayaba
Tayaba is on a mission to tackle water and sanitation insecurity in Pakistan by providing water insecure communities with the “H2O Wheel” which is designed to make it easy for individuals to transport clean water safely. Tayaba has launched NFT collections [1][2] which aim to raise awareness of this important issue and generate funds to get the H2O wheel in as many hands as possible. Through their SavePakistan campaign, they created NFTs tied to real world relief items like ration bags, hygiene kits, and H2O Wheels, giving holders an opportunity to see their direct impact.
5. AquaSave
AquaSave is a decentralized physical infrastructure network (DePIN) project that leverage IoT and blockchain to better track and understand the status of the planet’s water resources. Through the creation of a decentralized sensor network, cities and regions will be able to reduce water waste and improve conservation through early detection and real-time data access. This decentralized network is made up of individuals, institutions, and corporations who can participate by utilizing IoT devices to share data on water usage and earn cryptocurrency rewards.
6. AtlantisDAO
AtlantisDAO is building a peer-to-peer network of builders working on climate and social impact projects, while providing these changemakers with the tools to measure and verify the impact of their projects. AtlantisDAO’s efforts are guided by its four impact cores, one of which is water, and they have supported two projects that aim to increase water security by decentralizing water access.
We recently had the chance to chat with Irthu Suresh, Founder of AtlantisDAO on the Crypto Altruism podcast!
7. H2O Securities
H2O securities is looking to address the funding gap in global water infrastructure through innovative leasing mechanisms. Through their H2O Water Network, they have developed “a closed loop ecosystem where a tokenized currency (H2ON Token) is used as a mechanism to reward participation in the network.” The distribution of rewards is governed by a smart contract, with the rewards being algorithmically generated based on one’s participation in the network, including the staking of their H2ON tokens.
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