Atlantis implemented a Web3 solution that incentivized people to transfer water from areas of surplus to those in need. A reward system encouraged villagers to perform tasks that facilitated this new distribution.

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Atlantis implemented a Web3 solution that incentivized people to transfer water from areas of surplus to those in need. A reward system encouraged villagers to perform tasks that facilitated this new distribution.

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Date

05

Month
/

17

Day
/

2024

Year

12

:

00

am

Location

Chikmagalur, India

Quotes that support the claim

Atlantis is not just theoretical. Across 50 villages in the region of Chikmagalur, India, Atlantis deployed a Web3 solution that incentivized people to effectively transfer water from the Haves to the Have Nots. A clever system of “bounties” encouraged villagers to perform tasks that enabled this new distribution. And the pilot program worked. “We’ve exchanged more than 21,000 kiloliters of water,” says Irthu Suresh, CEO of Atlantis.

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Consensus2024
Atlantis
Irthu Suresh

Related news events

Atlantis has already deployed its Web3 solution in 50 villages in the region of Chikmagalur, India. To date, the pilot program has successfully facilitated the exchange of more than 21,000 kiloliters of water.
Participants in the Atlantis project can engage in various activities such as surveying, water sample testing, conducting awareness workshops, or becoming harvesters. These tasks are gamified and referred to as "bounties." Participants sign up, complete the required steps, and receive incentives. To ensure a tamper-proof system, blockchain technology is used to maintain a distributed ledger, ensuring transparency and security.
The Atlantis project focuses on blockchain interoperability, enabling various cryptocurrencies to fund climate initiatives. The emphasis is on ensuring that climate change solutions can be supported regardless of the blockchain used.

Related news stories

Atlantis, blockchain to reduce water shortages

Related news topics

Blockchain for the planet

Sources

Irthu Suresh: Using Blockchain Tech to Reduce Water Shortages

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Atlantis, blockchain to reduce water shortages

Crypto

News story

Atlantis has already deployed its Web3 solution in 50 villages in the region of Chikmagalur, India. To date, the pilot program has successfully facilitated the exchange of more than 21,000 kiloliters of water.

Crypto

News event
Claim

The Atlantis project focuses on blockchain interoperability, enabling various cryptocurrencies to fund climate initiatives. The emphasis is on ensuring that climate change solutions can be supported regardless of the blockchain used.

Crypto

News event
Claim