Sudo Tesla - Water Management #155
Description
Team : Sudo Tesla
Team members : Michael Sanne, Shaheen Karodia, Edwin Samuels, Alvin Reabow
Target sector : Social Impact - Water Management
Product name : Liquid Money
Short description : The project addresses the water crisis by representing water as tokens. Tokens can be used to redeem water or users can trade their tokens to others in exchange for ether. During an exchange a percentage of tokens are “burned”. As a result 3 parties are statisfied: the issuer(reduced overall consumption through burnt tokens), the excess users(additional water) and the savers(reimbursed in ether).