Regtech fintech Civic Ledger founder Katrina Donaghy has a long-term vision to use blockchain to bring transparency and trust to the global management of water.
The business is one of the first companies in the world to view water rights management through the lens of digital marketplaces enabled by blockchain technology.
While water trading is an established mechanism for exchanging this scarce resource, co-founder and CEO Donaghy explains the way water markets operate is often misunderstood. Data and information systems to support water markets are invariably fragmented, opaque and experience information asymmetry.
“We don’t know the true value of water for agriculture although it is estimated that $1.5 billion in temporary and permanent water rights are traded in the Murray-Darling basin each year,” says Donaghy, who organises Women in Blockchain events and regularly speaks on the topic of why cities and governments should be exploring blockchain…