Smart4Hub & Water Credits
The SmartHub, an interactive water, energy & carbon ranking map and a marketplace integrated for water environmental credits. It also serves as a platform for automated billing and transactions for service payments.
A multi-stakeholder digital data platform to provide trust and transparency across value chains and transactions in an automatically distributed way. This will help to connect public and private sectors, NGOs, responsible investors and insurance via automated reporting, and which is fully compli- ant with regulation. Moreover, designing the data strategy and information architecture in alignment with corporate and public governance goals will help to build a systemic approach and a benchmark; while incorporating transparency into the supply chain and reporting will minimise risk and help to attract a larger number of investors. On the global scale, it will result in a higher level of security.
The development of a Smart Water Hub style platform can help to record water-associated data and transaction management between multiple stakeholders. The water and related environmental data will be structured into key indicators previously de ned and agreed in a data and information strategy. These may include a geospatial interactive map of water quality, water resilience rankings, water footprinting, and wastewater recycling. Sophisti- cated analytics engines will be able to process large and different sets of the data associated with water resource management and water security, such as energy usage, carbon footprint (saved/produced) and pollution.
As a result, stakeholders will be able to exchange and track the information and progress develop- ment in a transparent way. In the long term, it will allow not just process optimisation, but also faster transactions and the development of new decentralised business models.
The project considers water as a natural capital among other natural resources. The key purpose of Smart Water Credits is as an incentive mechanism and to connect private- public-community collaboration, based on the fair value and ranking system.
The credits can have different types, which will be de ned in accordance with the process or project nature. For example, some types may include: food alleviation water credits, drought alleviation water credits, water puri- cation water credits, decentralised infrastructure water credits, and treated water credits.
An economic incentive – reward program aimed at improvement of water efficiency, quality and resilience as part of the ESG concept. Potential integration with other public-private incentives and schemes including green finance instruments.