#waterblockchainexperts

[thewaterblockchain]

Blockchain May Aid Water Entrepreneurs For Financing

Blockchain can open the water industry to more entrepreneurs by creating a new funding mechanism using tokens and smart contracts. Individuals can fund new water enterprises by purchasing tokens in a blockchain-secured marketplace, in exchange for a share of the profits. It’s similar to investing, but removes the middlemen in favor of an open exchange. And blockchain verifies transactions to guard against fraud and theft.

Think about how places like Flint and hurricane-ravaged Puerto Rico could be served by an influx of independent water companies who don’t rely on individual, already strained citizens to operate or be profitable. And that’s just in the US. Across the world there are many water experts and entrepreneurs with the ability to help and just as many willing to be a part of that mission by investing in these projects.

Blockchain has the potential to change the way many industries operate by creating a decentralized platform for data sharing – be it financial or otherwise. This means more ways for individuals to securely invest in important causes. In the particular case of water, more avenues of funding mean that existing on-site projects can be supported and new entrepreneurs will be drawn to the clean water industry. Helping people can also be a successful business model and decentralization through a blockchain platform can help circumvent the bottlenecks and corruption within the infrastructure that got us here in the first place.

https://blocktribune.com/blockchain-can-mitigate-the-global-water-crisis/