The IBM Research has recently revealed its blockchain pilot project that is jointly funded by the Water Foundation and the Gordon and Betty Moore Foundation. The CEO of SweetSense, Evan Thomas explained, “ By remotely monitoring groundwater use using our sensors, we’re able to help improve and maintain sustainable access to water supplies for people, farmers, and livestock.”
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A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
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