资源环境科技发展态势分析平台

Mammoth Trading created an online system to lease water rights.
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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.