Botanical Water Technologies
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Fujitsu / Tokyo, November 18, 2021
With global water supplies under severe pressure from climate change and growing worldwide demand, Fujitsu and Botanical Water Technologies signed an agreement and initiated the creation of a blockchain-based water trading platform, “Botanical Water Exchange" (BWX), on November 8, 2021. Fujitsu will help businesses achieve sustainability commitments and alleviate water shortages through the development of the world's first water trading platform for the exchange of plant-sourced water, which is based on the concept of sustainable water offsetting.
Botanical Water Technologies leverages its patented technology to purify and re-mineralize water that is normally discarded during the production of vegetable and fruit juices and the processing of sugarcane, providing this plant-sourced purified water to areas where it often proves difficult to secure safe drinking water.
The new BWX platform will rely on the FUJITSU Track and Trust service, which uses blockchain technology to ensure end-to-end transparency and traceability of processes including the refinement, sales, purchase, delivery and usage of the product. With a planned launch date of April 2022, both companies envision the new BWX platform contributing to the realization of greater safety and security in water trading, and ultimately aim to create an open market in which companies including juice concentration facilities, sugar mills, alcohol distilleries, and beverage manufacturers can sell water purified by the patented Botanical Water process.
Terry Paule, Founder and CEO at Botanical Water Technologies comments, “Reducing all wastage from industrial processes is a key pillar of a “circular economy”. The focus of Fujitsu to create a better society through innovation and their breakthrough methodologies are the main reasons for our co-creation journey with them. With our Botanical Water technology we can, for example, recover up to 60% of the water in sugarcane that is still accessible after sugar extraction and produce clean, environmentally green and safe drinking water. Food and beverage manufacturers with excess water produced by the Botanical Water process can either put it to circular use as a sustainable ingredient, market it as AquaBotanical plant-sourced water or offer water credits on the BWX platform as part of their water positive ESG programs and non-financial indicators.”
Frederik De Breuck, Head of the FUJITSU Track and Trust Solution Centre comments, “Our new blockchain solution, the FUJITSU Track and Trust service, has been developed and launched at the FUJITSU Track and Trust Solution Centre in Belgium. To realize the ground-breaking initiative of net-zero water trading with Botanical Water Technologies, we have proposed a private and permissioned blockchain-based platform that leverages the Track and Trust solution. With this solution at the core, our multidisciplinary team continues to build blockchain solutions that support the realization of our customers' management visions and the optimal resolution of global social issues under a global structure of co-creation and collaboration with our bases in India, the United Kingdom, and Japan.
According to the UN, about four billion people – nearly two-thirds of the global population – experience severe water scarcity during at least one month of the year. The UN’s Sustainable Development Goals (SDGs) for 2030 recognize the urgency of addressing this water scarcity.
Amid growing interest in the environment and the SDGs, beverage manufacturers are focusing their efforts on reducing the environmental impact of their business through actions like the reduction of CO2 emissions, the conservation of water sources, and the reduction of water consumption at production facilities.
The new BWX platform will deliver unprecedented supply chain traceability using blockchain technology. Juice concentration facilities, sugar mills, and alcohol distilleries equipped with Botanical Water Technologies' equipment will be able to purify water that would otherwise be discarded during the production process. Manufacturers can sell this water to other food and beverage manufacturers on the BWX platform or put it into circular use at their own facility.
Companies that want to use Botanical Water in their factories can purchase it via the BWX platform from the nearest Botanical Water refinery. In this way, companies can lower transportation costs, reduce the environmental footprint of their operations, and ultimately contribute to the achievement of both carbon and water neutrality targets.
By purchasing “water credits” that can be redeemed on the BWX platform, companies can also donate the same amount of water consumed at their facilities in order to reduce their environmental impact to zero as part of their water positive ESG and corporate compliance programs.
For example, companies that use a large amount of water for their business can offset this water usage through the purchase of water credits, which allow them to provide clean drinking water to water-scarce communities and run charity activities through the Botanical Water Foundation not-for-profit organization.
The new BWX platform will deliver unprecedented supply chain traceability using blockchain technology. Juice concentration facilities, sugar mills, and alcohol distilleries equipped with Botanical Water Technologies' equipment will be able to purify water that would otherwise be discarded during the production process. Manufacturers can sell this water to other food and beverage manufacturers on the BWX platform or put it into circular use at their own facility.
Companies that want to use Botanical Water in their factories can purchase it via the BWX platform from the nearest Botanical Water refinery. In this way, companies can lower transportation costs, reduce the environmental footprint of their operations, and ultimately contribute to the achievement of both carbon and water neutrality targets.
By purchasing “water credits” that can be redeemed on the BWX platform, companies can also donate the same amount of water consumed at their facilities in order to reduce their environmental impact to zero as part of their water positive ESG and corporate compliance programs.
For example, companies that use a large amount of water for their business can offset this water usage through the purchase of water credits, which allow them to provide clean drinking water to water-scarce communities and run charity activities through the Botanical Water Foundation not-for-profit organization.
The FUJITSU Track and Trust service leverages blockchain technology and draws on a variety of open source software, industry knowledge, information on trends, as well as Fujitsu’s know-how gained through the management of systems operations for tens of thousands of customer cases.
In addition to authentication and account management, which are required when applying blockchain technologies to business operations, Fujitsu builds on its extensive industry knowledge and integrates its expertise in areas including UI, infrastructure, and networks to offer small-start platforms tailored to its customers’ businesses by adopting an agile approach.