Atlantis: Blockchain to save water
Irthu Suresh and Nakul Reddy are building Atlantis, a decentralised network that rewards users for conserving water with tokens. The core is an engine comprising intelligent maps, integrated markets, and oracles.
Hello Readers,
was launched in 2019 by childhood friends Irthu Suresh and Nakul Reddy to tackle water woes in Bengaluru.
The decentralised, peer-to-peer (P2P) water management project rewards users for conserving water with tokens. Its core is an engine comprising intelligent maps, integrated markets, and oracles.
“Only decentralisation makes it possible to build a people’s network. However, since water is a physical, operationally-intensive industry, we realise some of our efforts will be in Web2 while some others will be in Web3,” Irthu tells DecryptingStory.
Users can map their water systems, monitor water quality and supply at a specific location on the map, discover water solutions, set up water conservation solutions at their premises, participate in network activities, and earn tokens while performing all these activities.
“We are building the network on Ethereum and Polygon, and currently have a prototype that will be tested by 5,000 users in the next few months,” the co-founder adds. Read more.
Atlantis was named among 25 blockchain projects in YourStory & Buidlers Tribe's list of top Web3 innovations.
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News & Updates
- Edtech unicorn Vedantu is laying off seven percent of its workforce. Founder and CEO Vamsi Krishna pinned the reason on external environmental factors, such as the war in Europe, the likelihood of recession, US Fed interest rate hikes, and correction in stock market values.
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Before you go, stay inspired with…
Money should be the last thing to motivate you for doing business as it is just a by-product of your excellence and your ability to help people.
Nidhi Vadhera, Founder, Vertical Hyphen
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