UK’s first on-chain water credit scheme launches on Algorand via Avonmouth facility

The UK has rolled out its first blockchain-based water credit system, with Wessex Water’s Bristol-area Avonmouth facility issuing tokenized wastewater credits on Algorand. The scheme ties one WTR credit to each cubic meter of recycled water and is described as serving up to 2.9 million people, while directing part of credit sales to regional water improvement projects.