IBM has partnered with nonprofit The Freshwater Trust and tech provider SweetSense Inc. to leverage blockchain technology and IoT sensors to transparently measure groundwater use in California's Sacramento San Joaquin River Delta. IBM's blockchain will record water use data and consumers will be able to monitor it. This may demonstrate to consumers how pumping levels can remain sustainable if those who go beyond their groundwater use shares have to purchase additional shares from those who do not require all of their allocated supply.
Ahead of announcing an official strategy for leveraging blockchain technology more widely, the German government has opened a process for receiving recommendations around the technology from local companies and industry groups. Germany is Europe's largest economy and Berlin is home to numerous blockchain startups. The solicited recommendations could lead to official legislative action in the near future.
ICOs emerged quickly as a popular model for crypto startups to raise funds, exposure and customer interest. But the world of ICOs took a nasty turn in 2018, with many projects that used the model unable to deliver on their promises to investors or turning out to be downright phony.