COMMERCIAL TRIAL: AGRICULTURAL WATER TRADING RIGHTS
National feasibility study to improve transparency of water trading in Australian water markets.
To consider problems in the Australian water markets which is worth $16B p.a. and determine whether blockchain technology would improve efficiency and transparency,
What We Delivered: WATERLEDGER™
A blockchain platform based on Ethereum
Tokenised a physical asset which was mega-litres of water
Smart contracts to enable trade of water allocations based on complex business rules (+16,000)
Real-time updates of state based water registries
COMMERCIAL TRIAL: INTELLECTUAL PROPERTY RIGHTS
Explore and discover blockchain technology to future proof IP Australia’s registries.
Registering patent applications, issuing patents, creating immutable records of ownership and enabling IP right owners to easily license or sell their IP to interested parties.
What We Delivered:
Automation of rights registration using Ethereum blockchain
Transferred 50,830 patent applications using smart contracts in under 40 minutes
Ease of discovery of patent rights for non-exclusive licensing