BLOCKCHAIN FOR UTILITIES
In the developed world we waste well over half of the drinking water we produce through leakage, inefficient usage, over-watering and ageing
infrastructure; all of which comes at a great financial cost to communities, cities and countries.
MeterMe was created to address these problems while at the same time, reducing the costs to water utility providers and consumers alike. By employing
modern metering technology, utilising existing communications networks and creating smart contracts over the secure blockchain network, substantial
benefits can be realised and shared equitably between consumers and stakeholders.
FEATURES OVERVIEW
Advanced Metering technology
Traditional turbine meters, commonly used today, rely on technology first developed over 200 years ago, and with time their accuracy decays. Ultrasonic metering devices with no moving parts assures data accuracy over the life of the device
Global Solution
For water allocation, monitoring and leakage management, avoiding large initial capital investment by the utility through tokenised security offerings
Data Protection
Personal usage data is readily available to the customer, but is protected by sophisticated encryption on the blockchain and is immutable
Utility Tokens
Traditional invoicing or rating systems may be simplified with real time token payment and reward systems over the blockchain network
Citizen Rewards
By assisting a utility in gathering metering data, citizens can be rewarded with utility tokens for collecting meter data using their smart phone. The more meters they walk past each day, the more tokens they harvest
Economic Benefits
The long run economic benefits can be quantified in terms of: lower production costs with decrease in demand, cutting meter data collection costs, reduced maintenance costs through in-built leakage detection