Blockchain Technology for Intelligent Water Management and Sustainable Development

Abstract

Blockchain technology as a new technology has been able to attract the attention of global communities. The applications of blockchain technology are developing rapidly due to its very desirable features, including decentralization, high data security, visibility, transparency and programmability. Among the applications of blockchain technology, we can mention the optimization of water management systems and sustainable development of water. Therefore, this chapter first examines the concept and structure of blockchain and its function. It also examines the components of blockchain technologies, including consensus protocols, smart contracts, data encryption and distributed ledgers. Then, the history of blockchain technology is presented and the classification of blockchain-based systems is discussed. After that, the strengths, weaknesses, opportunities and threats of blockchain technology are evaluated. Some applications of this technology will be introduced. Also, considering the importance of water and its sustainability, the role of blockchain technology for the water industry and intelligent water management will be investigated.