Challenge Area:
Water Management
Problem Statement:
Inequitable water distribution in drought-prone areas leads to shortages and conflicts.
Solution Concept:
A blockchain-based water allocation system using smart contracts (e.g., Ethereum) to manage usage quotas based on sensor data. IoT devices log consumption on the ledger.
Expected Impact:
Ensures equitable water access for 10,000+ households, reducing conflicts by 25%.
Next Steps:
Build a PoC with Ethereum, integrate IoT simulations, and document scalability considerations.
Challenge Area:
Water resource management
Problem Statement:
Inefficient water allocation and lack of transparency in usage exacerbate water scarcity in vulnerable regions.
Solution Concept:
A blockchain-based water credit system where communities trade water usage rights via smart contracts. IoT sensors monitor consumption, logged on-chain for transparency.
Expected Impact:
Optimizes water distribution, reduces waste, and ensures equitable access in water-scarce areas.
Next Steps:
Develop a PoC integrating IoT data with a blockchain, create smart contracts for credit trading, and simulate a community water network.