WaterChain is creating a decentralized water funding platform with the help of blockchain technology and leading water innovators, to dramatically improve the quality of water worldwide.
For generations, we have abused our most precious resource: water. As a result, more people die from unsafe water annually than from all forms of violence, including war. We are in a water crisis. We need a breakthrough solution.
"America is facing a crisis over its crumbling water infrastructure, and fixing it will be a monumental and expensive task."
- NEW YORK TIMES
Because of our broken infrastructure, commercial water users are being forced to outsource their water treatment. While the technology exists to purify much more water, only one country in the world recycles 80% of its waste water and the US recycles only 1%.
To build a water treatment plant for a commercial user, water service providers need to compete for contracts, raise capital, and license water treatment technology. Once a plant is built, then they must manage a complex arrangement of performance, billing, and payments.
When a company licenses their technology to a water treatment facility, they must trust their customer to both report on the usage of the technology and then pay them accordingly. Accurate reporting and payments are often delayed.
In order to finance a water treatment facility, financers trust service providers to accurately track their performance and get paid by their customers. With minimal technology, this manual process often prevents investors from putting capital to work in the water industry.
The water industry is a small ecosystem, and there is little opportunity or incentive for outside people to invest in funding clean water projects that are both good for the global water supply and can return on investment.
"America is facing a crisis over its crumbling water infrastructure, and fixing it will be a monumental and expensive task."
- NEW YORK TIMES
Because of our broken infrastructure, commercial water users are being forced to outsource their water treatment. While the technology exists to purify much more water, only one country in the world recycles 80% of its waste water and the US recycles only 1%.
To build a water treatment plant for a commercial user, water service providers need to compete for contracts, raise capital, and license water treatment technology. Once a plant is built, then they must manage a complex arrangement of performance, billing, and payments.
When a company licenses their technology to a water treatment facility, they must trust their customer to both report on the usage of the technology and then pay them accordingly. Accurate reporting and payments are often delayed.
In order to finance a water treatment facility, financers trust service providers to accurately track their performance and get paid by their customers. With minimal technology, this manual process often prevents investors from putting capital to work in the water industry.
The water industry is a small ecosystem, and there is little opportunity or incentive for outside people to invest in funding clean water projects that are both good for the global water supply and can return on investment.
With blockchain, we can clean more water and create an opportunity for anyone in the world to build their own portfolio of projects for a share of the profits. We won’t have to ask permission; we will choose the best projects using the power of "people investing".
With blockchain and distributed ledger technology, we can open up the funding process for water treatment and create smarter, more effective water treatment facilities.
With smart contracts, investors can easily select water projects and share in the profits. We can also use smart contracts to roll out water projects faster.
By deploying token capital we can fund the best technologies and service companies to radically transform the pace of water treatment and recycling in the world.
Anyone can help make water plentiful and clean for everyone.
Watch our recent videos to learn more about the WaterChain project.
Learn more about how the WaterChain project is evolving.
We’re working with some of the brightest minds across the water industry, the blockchain, technology, and finance.
Team
Riggs Eckelberry is co-founder and Chairman of WaterChain, and CEO of OriginClear, a ten-year old public company licensing its breakthrough water cleanup technology throughout the world. Riggs began his technology experience as an IT entrepreneur in the 80s and became a C-Level executive during the dot-com boom.
Team
Jean is the President of OriginClear and has 25 years of experience as an environmental engineer. At OriginClear, he is in charge of business development and licensing. He is also the Co-founder in Japan of Pacific Junction Corporation, a cross-border technology incubator that has been active since 1985.
Advisor
Enrique is the CEO of WebCapitalists Corp, a company that specializes in ICO consulting and provides blockchain solutions to the healthcare, energy, and real estate sectors. He is also an active speaker at blockchain and cryptocurrency conferences. Prior to his work at WebCapitalists, Enrique has a background in Professional Engineering and Business Administration.
