Why APAS Chose Algorand?

We all know that water is life. We also know that it takes significant amounts of water to produce energy and it takes energy to produce clean water for drinking purposes. Reliance on fossil fuels contributes to global warming and climate change and a host of other negative repercussions like sea level rise.

There is not only a water–energy nexus but there is also a water-health nexus which unfortunately we do not talk enough about. This conversation about the impact to human health is more important than anything else because a healthy home leads to a healthy community and workforce and eventually building strong economies.

Our health is directly connected to the agricultural products we consume and the water we drink. Poor water quality impacts crops and marine life which is part of the food chain for many. So, consuming and being exposed to water which is contaminated results in these organs being exposed to a variety of contaminants, toxins, pesticides, heavy metals, microplastics, and PFAS which is an emerging contaminant, and pharmaceuticals, etc. All of this accumulates in the human body and manifests in the form of water borne diseases.

Clearly, while we have to work hard to change human behavior and our relationship with water which sometimes if not mostly, we take it for granted in some parts of the world. We also have to turn to innovation by identifying and deploying technologies to monitor and proactively assess water quality to protect and keep our waters safe. Technologies like blockchain exist today which provide a platform for us to innovate. For example, sensors could be used in a decentralized fashion to engage citizens which will in turn inform research and developmental activities. Our personal favorite blockchain is Algorand due to its minuscule carbon footprint and its pure proof of stake protocol.

Algorand was designed from the ground up to minimally impact the environment. Since its consensus is not based on energy-intensive proof-of-work and requires minimal computational power or electricity, Algorand has been a leader in minimizing the environmental impact of blockchain technology. The energy required to run a node in the network is negligible. Compared to other blockchains, digital asset creation and transactions on Algorand result in orders of magnitudes less CO2 emissions. The use of decentralized ledger technology, such as Algorand, is promising to further foster and explore the engagement of citizens in a decentralized environment to participate whether it is in the form of a Decentralized Autonomous Organization or the use of NFTs for depicting water conversations through art or citizen financial models to fund local community scale initiatives.

There is a lot of potential and many possibilities. Let’s keep innovating and Go Algorand!