Whole Earth Foundation : The Future of Democratized Infrastructure Management
In general, infrastructure can be defined as basic structures and facilities, both physical and social, such as building construction, toll roads, and electricity supply, and various kinds of things needed for the operation of community activities or public services.
Infrastructure is all the facilities needed by the general public to support various community activities in daily life. In other words, infrastructure is all facilities, both physical and non-physical, that are built by the government and individuals to meet the basic needs of society in various aspects of social and community life.
The question of how to efficiently manage public goods such as water and air has long been studied in economics. It is generally believed that markets fail to allocate resources for public goods efficiently. The main reason for this stems from the fact that high public activity is not always valued economically and exchanged outside the market. As a result, the general public has no incentive to engage in activities such as providing information on the status of infrastructure to service providers. However, if the activities carried out by the general public can be assessed and linked to them, perhaps, it is possible to manage public goods efficiently (Coase Theorem, 1960).
To solve this problem, the Whole Earth Foundation (WEF) proposes to take advantage of the Whole Earth Access (WEA) platform to generally connect citizens (or information providers) and infrastructure service providers by providing access to databases containing detailed information about their infrastructure, and ecosystem. designed to facilitate
Conserving and Creating Resources
An essential part of implementing the approach is a method to quantify the value of the information provided. For example, if a general citizen provided information that led to the elimination of a water pipe leak, he or she likely succeeded in helping save water that would have otherwise been lost. In other words, making this water now accessible can be considered the equivalent to the act of producing water. Therefore, the value of the information is derived from its ability to conserve and create resources, such as water.
Representation in this manner is a powerful method to conserve resources, maintain infrastructure and realize savings. For example, water that does not reach the consumer from the water supply station due to reasons such as leaks in distribution pipes is usually referred to as “nonrevenue water”. The amount of “non-revenue water” in Japan is equivalent to 1.6 billion USD per year – a significant amount of potential savings. Nonrevenue water is a widespread issue across several countries, including European and other Asian countries. But we can achieve much more if we understand and represent resource savings as the equivalent of resource creation.
ACCURATE INFORMATION
Website: https://wholeearthfoundation.org/
Whitepaper: https://wholeearthfoundation.org/WEF-whitepaper_v1.0.pdf
Telegram: https://t.me/WholeEarthFoundation
Twitter: https://twitter.com/WholeEarthFdn
Media: https://medium.com/wholeearthfoundation
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AUTHOR
Forum Username: Thibaut Courtois
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2852544
Telegram Username: @ThibautCourtois5
ETH Wallet Address: 0x75D1B4077CcBA32c4997D1ac31F33B96B30D1Ad1
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