Fujitsu’s Blockchain Solution Applied to New Water Trading Platform to Tackle Global Water Shortages
TOKYO, Nov 18, 2021 - (JCN Newswire via SEAPRWire.com) - With global water supplies under severe pressure from climate change and growing worldwide demand, Fujitsu and Botanical Water Technologies (BWT) signed an agreement and initiated the creation of a blockchain-based water trading platform, "Botanical Water Exchange" (BWX), on November 8, 2021. Fujitsu will help businesses achieve sustainability commitments and alleviate water shortages through the development of the world's first water trading platform for the exchange of plant-derived water, which is based on the concept of sustainable water offsetting.BWT leverages its patented technology to purify and re-mineralize water that is normally discarded during the production of vegetable and fruit juices and the processing of sugarcane, providing this plant-derived purified water to areas where it often proves difficult to secure safe drinking water.The new BWX platform will rely on the FUJITSU Track and Trust service, which uses blockchain technology to ensure end-to-end transparency and traceability of processes including the refinement, sales, purchase, delivery and usage of the product. With a planned launch date of April 202...
