Project Liquidity combines the integrity of Blockchain transactions with the simplicity of phone texting. This eliminates transaction costs of big banks while removing difficulty of access. Anyone with a cell phone that can text can set up an account, fund it, and send and receive money in exchange for goods.
Project Liquidity Use Case: Water Distribution
It’s no wonder why access to safe water remains a serious global challenge and a top priority for sustainable development, given that:
- 1 in 9 people lack access to safe drinking water;
- more than 840,000 people die each year from water-related disease;
- a lack of access to clean water is linked to issues like poverty, hunger, economic loss, and inequality; and
- those most affected live in rural areas, low-income parts of cities and towns, and informal or illegal settlements.
While remarkable water purification hardware has been engineered to produce clean water from contaminated sources, a key challenge remains sustainable and equal access to clean water as a service.