Trading water resources online
NSF's I-Corps helped launch Mammoth Trading, a small business that creates online smart markets to lease water rights
January 2, 2018
By 2025, two-thirds of the global population could face water shortages. Conflicts over water resource management are increasing, with large sums spent on litigation. To ease these challenges, Mammoth Trading launched an online market system to lease water rights. Mammoth grew out of NSF-funded research on the economic and environmental effects of groundwater pumping rights. It provides new risk management tools for farmers, reduces the cost of water reallocation, and leads to an increase in agricultural productivity and profits, while maintaining or improving environmental conditions and resource sustainability. The approach could extend to other natural resources as well.
Directorate for Geosciences