The U.S state of Colorado has passed a bill directing two state-run universities and the Colorado Water Institute to research the use of blockchain and other emerging technologies for water management.
The new legislation marks an attempt to combat Colorado’s severe water shortage problem. The state is currently facing shrinking water supplies which have been exacerbated by a rapid population increase, hotter temperatures brought on by climate change and reduced levels of rainfall.
The bill aims to stimulate research into the usage of emerging technologies. It pinpoints “blockchain-based documentation, communication and authentication of data regarding water use” as a major area of focus.
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