Water on blockchain sound like science fiction right?
Well you dont simply put something that flows in the real world on a distributed public blockchain database, however puting a cryptographic timestamp at the moment in time when the bottle is filled, thats another story.
I have no idea if it was ever done before and even if it was i could not find any public record of such an event on the word wide web.
Since there is a first time for everything we do in life it was only a matter of time before the blockchain industry came knocking at the gates of the water industry.
On march 9th 2019 at 16:23 a bottle of water was filled.
The sample bottle marked CryptoWater.si – Genesis 001 was produced at the legendary slovenian glass manufacturing company Steklarna Hrastnik.
The bottle was later on equiped/tagged with a simple paperwallet created for the purpouse.
The unique public key/ public address of the wallet/bottle is : AREKVTX9eqirZ7VUd5WQ7NLq6f6gCGh4Hi
The address belongs to a 3year old experimental open source public blockchain named AquariusCoin.
Balance of the above address can be verified by anyone with internet access on the public blockexplorer of the AquariusCoin here.
So how was water timestamped on blockchain?
To achive this some prepwork was required:
– a bottle and a cap
– printed qr code with an ARCO public address
– mobile wallet with some ARCO coins
– fresh water source
– a cap to seal the bottle
After the water was put into the bottle and sealed, the mobile wallet was used to generate a transaction by sending an amout of ARCO coins to the address generated specially for the bottle.
In our case 10 ARCO was broadcasted over the internet to the generated address.
When the paper wallet was produced it included a public and a private key.
The public key is a sort of bank account number and the private key represents the password or pin needed to access the funds on that account.
After the key pair was created and paper wallet printed i decided to destroy the private key part and with that making all ARCO coins sent to that address locked in a secure cryptographic vault forever.
In blockchain space such events are known as coin/token destruction or coin burn events.
To burn/destroy a coin and effectively removing it from circulation they must be send either to a public address without a know private key or to a generate so called vanity burn address.
After the transaction was signed and broadcasted to the network AquariusCoin network included the transaction in block number/height 1533302.
Since every transaction on a blockchain gets a unique transaction hash so did ours:
Since 2days has passed since the event, the AquariusCoin p2p blockchain network at time of writing generated 2137 new transaction blocks, meaning out “Cryptowater timestamp” has been confirmed over 2137 times and the record of the event is sealed in time and cant be reversed and manipulated or deleted for as long as AquariusCoin blockchain exists.
To stay updated visit our web and social media channels:
Github CryptoWater – Github Blockmaster
If you want to support our startup you can do so with a contribution to our ico.
Please note that thr project is the earl stage od planning amd development so stay tuned for updates.