Dr.
Rossawan Ponluksanapimol, Associate Director, Head of Krungsri International
Advisory, JPC/MNC Banking, Bank of Ayudhya PCL.
Using
blockchain technology as the basis for data sharing improves security and authenticity,
making data more accessible to communities, scientists and decision-makers, and
creating an innovative framework for enhanced stakeholder engagement. This will
likely trigger positive impacts in regional water governance by closing the gap
on water information and data sharing between institutions. Open data directly
increases entrepreneurial activity and improved business services.
Along
with data sharing at a basin level, water markets are viewed as a key area of
engagement by blockchain enthusiasts, eager to showcase how the technology
could improve water governance. While many regions are investigating the
technology, Australia’s clarity on blockchain regulations, combined with the
maturity of its water market has fostered a high level of innovation. Civic
Ledger, an Australian civic-focused blockchain company, created WaterLedger™ as
a way to improve transparency of water trading in the country’s water markets.
The system’s integration ofover 15,000
complex business rules and real-time updates of state water registries was
enabled by smart contracts.
