The post Blockchain tech will transform global water access and management appeared on BitcoinEthereumNews.com.

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Access to clean water is a fundamental human need, yet billions of people worldwide still struggle to obtain it. According to the World Health Organization, over 2 billion people live in countries experiencing high water stress, and this number is only expected to grow due to climate change and population growth.  Traditional water management systems have struggled to address these challenges, often hampered by inefficiencies, lack of transparency, and inadequate resource allocation. Blockchain technology offers a promising solution to these challenges, providing equitable access and sustainable utilization of this crucial resource. The current state of water management Water management today faces several pressing issues. Inefficiencies in water sourcing, distribution, and usage, combined with the lack of real-time monitoring, frequently result in wasted resources and misallocation. Many water sources fail to exploit their full potential due to infrastructure and funding shortages. For example, the Environmental Protection Agency (EPA) report indicated that the United States would need to invest $625 billion over the next 20 years to fix, maintain, and improve the country’s drinking water infrastructure due to aging pipelines and other infrastructure issues. Additionally, in the United States alone, household leaks can waste nearly 900 billion gallons of water annually nationwide. That equals the annual household water use of almost 11 million homes.  Additionally, corruption and mismanagement in water resource management can result in unequal distribution, with disadvantaged communities often bearing the brunt of water shortages. For example, South Africa is grappling with myriad challenges to its water security—droughts, inadequate water conservation measures, outdated infrastructure, and unequal access to water resources. The country faces significant water scarcity, with demand expected to surpass supply by 2030, creating a projected…

---

Filed under: News - @ July 16, 2024 1:12 am