Civic Ledger features on Ausbiz Startup Daily
Water Ledger puts water users at the centre of market design
Ausbiz’s Startup Daily featured Civic Ledger in a special lineup focussing on Australian blockchain and crypto initiatives in partnership with FinTech Australia.
Civic Ledger CEO Katrina Donaghy was a guest alongside Leigh Travers from Binance and Ernie Teo from Dedoco.
When it comes to water rights Civic Ledger builds markets from the grower perspective. Our approach is very different to the way markets work generally, whether it be water carbon, or other assets that are emerging in the natural capital space. We put the farmer or the grower or the water rights holder at the centre of our markets and we design the market and the wallet to suit their needs.
On Water Ledger, water rights holders are able to hold their assets in their wallets and they’re able to account for what they have at any point in time.
Currently, outside of our platform Water Ledger, water rights holders rely on third parties to tell them how much water they have and those databases don’t actually talk to each other. So there’s risk of a lot of double counting of water in the system.
With Water Ledger, we’ve created an irrefutable accounting system for how much water is in the system, how much water has been shared and how much water has been used. So therefore we can all agree on its current state via a compliant by design marketplace. Any transaction that occurs on the Water Ledger platform can only occur if it meets the requirements of the legislation and compliance.
Civic Ledger take compliance and put it into the heart of what we build.
With Water Ledger, we enable the water market to be compliant in the transaction. And because data is generated in real time, we’re able to share that across to other to other third parties, particularly government.
Using Water Ledger, anyone can actually see the state of the water in real time. So farmers are able to get on with the job of sourcing water, buying water, knowing that they’re actually buying water for the right price or putting water in the market for the right.
So where we are now is moving out of proof of concepts and pilots, and now actually deploying to main net, trading water assets in real time. This is a year that we actually do this because we’ve spent the last three or four years really understanding the problem that we’re solving and how to build this with the technology. So we bring those benefits to the customers that we build for.
ABOUT CIVIC LEDGER
Multi-award-winning technology company Civic Ledger is building trust layer solutions for the water markets of tomorrow. Civic Ledger provides blockchain solutions to enable a sustainable revival of growth. With Civic Ledger technology, water, carbon, nutrients, and biodiversity will be able to be securely and transparently accounted for — how much we have, how much we share, and how much we use. We work closely with environmental market operators, regulators, utilities, traditional owners, industry and the agricultural sector to ensure solutions that are comprehensive, responsible, intuitive, and future proof. Our team is distributed across Asia, Europe, and Australasia, and will soon be growing into the US. In 2021, we were the only Australian company accepted into the World Economic Forum Technology Pioneers cohort.
ABOUT WATER LEDGER
Water Ledger is the world’s first blockchain-based platform for the management and trading of water. The result is a more open, transparent, and publicly verifiable system to support improved water management and enhance the water trading experience with water rights that are clearly defined, enforceable, and transferable.
As a peer-to-peer trust layer solution, Water Ledger eliminates the need for third parties to intermediate between buyers and sellers, drastically reducing the complexity of water trading. Water Ledger’s enables secure ecosystem growth as more water related activities — from water utilities to water recycling — transition to blockchain-based solutions.
