Colorado senator wants to study blockchain for water rights management

More from: | The Next Web |

A senator in Colorado wants the state to study the potential use of blockchain technology in water rights management.

A bill submitted by Republican senator Jack Tate, alongside representatives Jeni James Arndt, and Marc Catlin, outlines the reasons why the Colorado Water Institute should be authorized to explore how the technology could help maximize operational efficiency, CoinDesk reports.

According to the bill, the institute should look at possible use cases including applying the technology to manage a database of water rights and facilitating the establishment or operation of water markets or water banks.

The submission of the bill comes a month after IBM announced a collaboration with Freshwater Trust and SweetSense, which saw the companies leverage blockchain and IoT


Read full article »

About | The Next Web |

In 2006, founders Boris and Patrick were looking for a tech event to showcase their new startup. When they couldn’t find one that checked all the boxes they decided to host their own. As they were organizing things, they soon realized they needed somewhere to promote the conference, and that’s how was launched. It later became a blog and the result is what you are looking at right now.

TNW was started to bring insight, meaning—and every now and again, the lulz—to the world of technology. But we didn’t want to stop there. Today the company has grown from those two parts to four pillars that brought forth TNW News, TNW Deals, TNW Conference and Events, our new tech hub called TQ and Index, our market intelligence platform.

»Twitter: @thenextweb »Facebook: @thenextweb