Author: Jagdish Kumar, India
With water crisis looming large with changing environment, Singapore based Aquaoin INC is looking to solve water crisis in India.
According to UNESCO report, India is staring at a deepening water crisis and very few steps being taken to ameliorate this bleak situation.
The company wants to take this situation as an opportunity and want to reusable water without the use of chemicals.
For this, a group of entrepreneurs in India who have come up with a block-chain based technology Water2All (W2A) that can recycle waste water and make it safe for human consumption, Subharansh Rai, Advisor of Aquaoin INC said.
Rai said that W2A will develop a intelligent technology to produce hassle-free potable water with the help of state-of-the-art machines that will be reliable, non-polluting, energy efficient and cost-effective.
Blockchain solutions that can go a long way in making use of every drop of water efficiently, Rai said adding further that growing population; rapid urbanization; growth in tourism; growing awareness about the need for safe drinking water; and strained government resources are the five key factors that will attract more companies in the functional water space.
According to Indian Ministry of Consumer Affairs report of March 2018, it was found that 80 % of the bottled water India is unsafe. Three out ten units manufacturing bottled mineral water were found to be delivering contaminated products to the market.
The company said it has the required Ethereum-based block chain technology and machine to produce drinking water as per World Health Organisation (WHO) standards and its self-contained, independent and automatic.
It is also planning to come out with an Initial Coin Offering (ICO) that it says will generate the required funding for creating these ready-to-use machines.
Rai said that marketing of these machines will commence by the middle of next year after receipt of all government clearances. Supplies of these machines are expected to commence between September and December 2019.
The machines will be developed under the Indian government’s Make in India flagship programme and make this unique technology available at all levels, including state, city, zone, home and individual.
Based on W2A parameters, the Aquaoin smart machine is expected to efficiently extract and supply fresh water from waste water.