Civic Use Cases

COMMERCIAL TRIAL: AGRICULTURAL WATER TRADING RIGHTS

National feasibility study to improve transparency of water trading in Australian water markets.

The Challenge: 

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.

THE CHALLENGE: 

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