Seed of an idea: USAT Inc.’s beginnings
How the scientific community’s frustration with the barriers to IP development drove the founding of USAT Inc.
One of USAT Inc.’s key long term supporters and partners is the Australian Institute of High Energetic Materials (AIHEM). AIHEM is an international association of great scientific minds, with over 300 members from across the globe. Highly regarded researchers, scientists, engineers, and institutions all joined AIHEM to share in its humanitarian mission: to expand human knowledge by participating in and funding research, education, and providing forums for members to meet and discuss important issues within their fields.
One issue that consistently troubled them was the difficulty of funding and developing their intellectual property (IP). Noting the many barriers to developing their IP and the high risk of losing the rights to it in the process, many members of the scientific community kept their ideas to themselves, preferring not to run the gamut of obstacles to development. Never letting these ideas see the light of day is obviously a great loss to the world, so it was clear there was a strong need for a better way to get IP to market.
Well aware of this, key members of AIHEM latched onto the idea of an organisation that would be capable of developing the huge store of ideas AIHEM’s community held, whilst streamlining the path to market and protecting the IP it was entrusted with. This idea marked the beginnings of USAT Inc.
USAT Inc. has since evolved from this early concept to now offer secure IP storage via blockchain-enabled technology, as well as providing a complete business plan for the IP it develops and commercialises, ensuring successful exits for all projects. The platform only develops ethical IP, meaning that everything that passes through the development process is actively making the world a better place, as well as ensuring a profitable outcome for all stakeholders.
USAT Inc. and AIHEM are ideal partners: AIHEM supplies USAT Inc. with a constant stream of IP (being esteemed participants of the scientific community, AIHEM’s members always have ideas worth developing that they want to market) and USAT Inc. develops and commercialises it. All stakeholders profit and USAT Inc.’s share of the money goes into funding the next project. The perfect win-win situation.
Since among AIHEM’s core goals are the sharing of knowledge and opportunities, USAT Inc.’s platform is open to anyone with a great idea, regardless of whether they are a member of AIHEM or not. By using blockchain-enabled technology, USAT Inc. has made the platform even more accessible and secure, allowing anyone to have the opportunity to develop their IP, regardless of where they are in the world.
Part of this functionality are USAT Tokens, volatile utility tokens that also act as the currency of the platform (USAT Tokens are required to use services and to purchase technology produced through the platform) and DMACs (Digitally Mined Asset/Commodity), which function similarly to a bond: they have a contractual yield and a fixed term, holding their own intrinsic value. The technology used on the USAT Inc. platform was chosen to make the system robust and flexible, giving participants choice in how they interact, whilst also protecting their interests and the value of the platform.
For more information about USAT Inc., the ICO, our projects, or AIHEM, please visit https://usat.io
USAT Inc. is an Australian organisation that utilises blockchain technology to decentralise the intellectual property process and provide patent holders with greater security. Through our platform we fund, develop, and commercialise intellectual property for the benefit of innovators, token holders, and the planet. We ensure innovators are supported and we provide token holders with strong growth opportunities.
For more information about our ICO or our ultra-affordable and clean renewable energy project, Solar-wind technology, visit https://usat.io
Written by N. Cain