Blockchain for Improved Water Resource Management
Saras Garg Garvit Chutani · International Journal for Modern Trends in Science and Technology · 2023
One of the main issues over the ages has been the lack of water. The water supply networks are now being affected by the increased deployment of IOT technology and devices. The development of a trustworthy, auditable, and transparent traceable system like Blockchain is the product of creative research. Blockchain, a distributed ledger technology, introduces a fresh, creative strategy for the development of centralized, distrust-free systems. The use of blockchain technology eliminates corruption since it can keep track of every transaction. Blockchain has built-in capabilities for fault tolerance, immutability, transparency, and full transaction tracing for records that are saved, as well as for digital asset representation and transaction executions. The blockchain-based water management system described in this study is completely decentralized, with IoT devices collecting data as it is setup and adding it to the blockchain. We use the Ethereum blockchain to represent a supplier to consumer use case in our blockchain-based water management system. We also talk about the network's participants' duties in the water management system. Finally, we assessed the benefits of blockchain-based water management over existing ones and showed how it might benefit contemporary society.