Water Ledger

Learn more about Water Ledger, the world’s leading blockchain based water management platform

Water Ledger, powered by Civic Ledger, is a blockchain based water management platform that provides an independent, shared point of truth of who traded what water, when, where, and at what price.

About Water Ledger

Water Ledger is an innovative peer-to-peer digital marketplace for the trading or exchange of water rights — entitlements and allocations — and credits — offsets, savings, and stewardship.

Water Ledger’s next-generation software and data technologies automate the business rules regulating each transaction increasing transparency and improving the quality of water market data in real time.

Water ledger enhances fairness and equality in the water market as participants are better able to make an informed buy-sell decision — reducing the time to complete a trade currently done by existing public and private IT systems from 90 days to less than a day.

Features

The Water Ledger platform delivers six (6) features:

1. Water Rights Ledger: determines who owns what and how to distribute allocations among water right owners or shareholders.
2. Water Licence or Permit: confirms authorisation for a user to participate in the water market and controls how and where water is used.
3. Water Accounts: confirms ownership of water rights and how many allocations a user still has access to during a trade year.
4. Water Trade Ledger: for the instant buying and selling of water allocations with all trade information — last traded price, market volume, and trade history — recorded in real time.
5. Water Audit Log: provides independent probity for stakeholders — Auditors, Regulators, Operators, the Public — who have an interest in the operation of a water market and its participants.
6. Water Market Business Intelligence: dashboards, data visualisation, data access, searching and retrieval for improved insights in the performance of the water market.

How it works

The Water Ledger platform facilities an instantaneous exchange or trade between a buyer and a seller and creates an immutable record of this transaction.

Each transaction can only successfully self-execute if all the conditions of the smart contract as per the water scheme’s business and operating rules (e.g., Water Act 2000 and relevant water supply scheme, Resource Operations Licenses and Operation Manuals (Queensland)) are fulfilled — thus reducing errors, fraud, or market manipulation — “no price, no trade”.

User access is managed through secure digital identity, with each type of user interacting with the blockchain through a context specific dashboard — different users will have a different dashboard, giving access to different data and functions and improving water trade decision making.

In addition, each user will, over time, build up an historical record of all water right related transactions on their own digital ledger to demonstrate irrefutable compliance to all relevant legislation, business and operating rules, and guidelines.

The benefits of Water Ledger

At its core, Water Ledger instantly verifies all transactions (water trades) and updates government information systems e.g., government owned registries, in real time to prove in the public interest that a water trade happened (a state of change between a buyer and a seller, how much and at what price) and its provenance of such a transaction (where and when did the water trade happen).

Water Ledger records these essential transactions of the water trade which are in the public interest to the blockchain resulting in an audit trail instantly verifiable by the regulator and operator.

Water Ledger is interoperable between government departments and authorities, including by way of multiple party direct access through API abstraction of functionality to a common and immutable shared data platform. Through its portal feature, a data lake is accessible (permissioned access) for business intelligence functions e.g., automated compliance reporting or data interrogation.

The way forward

Buyers and sellers of water allocations & entitlements want to do the right thing and trade within the rules, however the current options to participate in water markets are not user-centred in their design. Built by the regulator or operator, private exchanges defer the risks and costs to prove compliance back to the market participants.

Water Ledger enables water rights holders to gain direct benefits by creating and controlling an immutable record of the life history of their water right and either create or join water trading rooms where complete market information is available in real time — including authority, ownership, last traded price, market volume, and trade history. Business rules are pre-programmed into the platform, ensuring adherence with the respective water scheme’s business and operating rules and removing the risk of an unlawful trade.

Evidence highlights that the water community relies heavily on trusted voices — persons and organisations who have deep relationships and credibility within the community. To bridge this gap, Water Ledger invites partners who share the vision of fair and transparent water markets, and who can leverage their water community relationships and credibility to build a joint sense of momentum.

Water Ledger is currently seek out early adopters who are ready to move, are prepared to lead, and who can commit to transforming how water markets operate. Together, we will shape the transformation agenda, build momentum for progress, and provide practical examples for the wider water community to follow.

To join us in our mission, reach out to the Civic Ledger team.

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.

Twitter | Linkedin | Website