Civic Ledger Monthly Update
Report for November 2021: Our Wins, Roadmap, and Product Development for 2022
As part of our recent team expansion , we will now be bringing our supporters monthly updates about all things Civic Ledger.
Civic Ledger aspires to be the trusted global ledger that all civic live takes place on. Let’s hear November’s update from our CEO Katrina Donaghy.
CEO’s Update
We’ve always been committed to building a global distributed ledger that all civic like takes place on. We started back in the early days using the blockchain for securing digital credentials — and have continued to expand from that.
The core of Civic ledger was always about civic life. How do we engage? How do we make a digital experience between government and a person a lot more efficient, a lot more user friendly?
But as the technology has matured and now experiencing greater adoption, we’ve shifted over the years to be even more user-centric, focusing on the needs of the person for which we are solving the problem and the considerations of the ecosystem that they are working in.
Kudos to the team
Our wins have been a long time coming. Matt Burgess, Fraser MacLeod, Rob Braunack and myself have been working together for over five years.
Matt Burgess has been Civic Ledger’s Principal Blockchain Lead for four years and it has been through his pragmatic approach to blockchain systems that we have continued to experiment, learn, break things, and hold ourselves accountable to our technology decisions.
Fraser McLeod was the person who first helped me understand the core issues around water markets in November 2016. Now, five years later, Fraser has been leading the conversation on digital water for Civic Ledger in Europe, USA, and beyond.
Rob Braunack is someone who connected with me when I was being interviewed about water markets and blockchain by the Blockchain Centre in Melbourne in 2018. He saw the interview live streamed, and contacted me saying that as soon as I got back to Brisbane, and he needed to come and speak to me. We’ve been working together ever since.
The wins we are experiencing now are because of the core team we have formed over the last few years, and all the hard work we’ve done to get to this point is because of these people really pushing through.
Digital infrastructure for water management
We have major announcements coming up in December 2021 and Q1 2022. We are excited to be playing a fundamental role in deploying digital infrastructure for water management across northern Australia. We have the right people in the room supporting us to do this. So it’s going to be a monumental year in 2022.
Our roadmap for 2022 is leading with Water Ledger, with a lot of related projects are underway. It’s been a year of long conversations with people to get these projects going. What we do is partly consultancy led initiatives because what we’re actually doing is helping people reimagine how water could work. Technology comes after that.
Our work involves a lot of awareness raising and education around credentialing water rights on the blockchain. Now we are continuing to open up those conversations in different markets, and there are many places where we are having active conversations right now.
It’s important that we do to have a supporter base like we do in Australia, but it’s also important to have the opportunity to demonstrate the universal applicability of Water Ledger technology in places such Europe, in the United States, and elsewhere.
As part of that we’ve got at least 20 possible avenues of discussion around Water Ledger as a joint venture and how that might actually develop and move forward.
Multi-lateral marketplaces and water accounting
I’m really proud of where we are now in 2021 and what we actually have in front of us. Water is a core part of Civic Ledger, but it’s not the only thing that we do. There are many pieces in Water Ledger that are applicable to other marketplaces hence why we were awarded the World Economic Forum Technology Pioneers 2021 cohort for building markets of tomorrow. Water markets were the opportunity we got to engage with first, and it has opened up the applicability of what we do across different marketplaces, and different commodities.
The Critical Minerals Blockchain Pilot is a very important project for the mining industry in Australia. It’s basic mandate involves identifying provenance, for critical minerals, that is, the different steps and processes involved in the mining operations — from mineral extraction, processing, movement of the minerals through multiple and complex supply chains, including capturing of data relevant to compliance with regulatory requirements for the industry, creation of digital certificates, and establishing ESG credentials that can be digitally tied to site and batch — an “Ethical Credential”.
Our involvement in the Critical Minerals Blockchain pilot comes very much from a mining water accounting perspective, including considering water in during the mining process, inflows, the consumption of water by the operations, the extent of recycling and efficiency, and the retention of water in the operation and outflows of the water. The work that we are doing there as part of the partnership with Everledger is very much around the regulatory compliance and efficiency of the whole water accounting cycle. However, the pilot provides us an opportunity to understand how we share data between different blockchain system protocols.
Capital raise on target for 2022
A key part of our 2022 roadmap will be a capital raise. We’re confident that we are in the best possible position now for the capital raise, because of what we have in our roadmap. It’s rare for a company like us to have the contracts that we have, whilst organically growing, with monthly recurring revenue.
We have never seen other blockchain companies as competitors. We have always seen them as collaborators presenting mutually beneficial opportunities, because we’ve all got very different niches. And nobody seems to be doing the work we’re doing. The technology that we build is going to be strong, robust, and informed through design principles: fairness, transparency, accessibility, security, interoperability, and privacy.
About Civic Ledger
Multi award winner technology company Civic Ledger aims to be the global, distributed ledger that all civic life takes place on.
Our blockchain technology solutions provide the framework for markets of tomorrow that the global economy will depend on — water, carbon, nutrients, and biodiversity — to be securely and transparently accounted for — how much do we have, how much have we shared, and how much have we used.
Civic Ledger recognises that nature-based assets that entire societies depend upon are a collective resource, and as such a uniquely suited to Web3 technologies, such as blockchain, that enable collective governance.
We work closely with natural market operators, regulators, utilities, traditional owners and the agricultural sector to ensure that our solutions are adaptable, responsive, intuitive, and future proof.
In 2020, our leading product, Water Ledger, a digital water market for the peer-to-peer trading of water allocations and entitlements built with blockchain technology and smart contracts, was the focus of the world’s first pilot in Far North Queensland, Australia in partnership with the CRC for Developing Northern Australia.
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.
Contact us for a demo of our blockchain enabled marketplaces and data governance solutions.
