The Market
Seafood is the world’s largest traded food commodity, yet modernisation of fish processing has been slow. The processing methods remain traditional, and often fail to supply the fish products most in demand by modern consumers.
Seafood demand has only increased, and there is a need for innovative solutions to keep up with changing eating habits.
Meanwhile, the seafood and water industries have come to rely almost exclusively on consumer-serving corporations.
While the system works well enough, it suffers from the weaknesses of centralised models.
A fully holistic system is not possible, since corporations compete with only limited cooperation.
Investors must be wary of the companies in which they consider investing due to lack of transparency.
In this paper, we propose a long-term solution to the problem with a blockchain-based company and discount token incorporated modern design elements, such as sustainable energy and crypto mining capabilities.
Background
An electronic token, which represents a chain of digital signatures, can be used for multifaceted purposes.
In his white paper, Bitcoin creator Satoshi Nakamoto explains: “Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin.
A payee can verify the signatures to verify the chain of ownership.”
Whereas historically the problem of course has been an inability to verify tokens have not been double-spent, Nakamoto’s blockchain system eliminated the need to introduce a trusted central authority to check and confirm each transaction for double spending.
The problem arises insofar that the fate of the entire world’s water and sea-based resources are dependent upon oftentimes cartelistic corporations.
Every transaction involving the world’s water resources must go through them.
Nakamoto’s brilliance lies in the fact that he solved the problem of double-spending: in a post-Bitcoin world, a payee can know that previous owners of an individual token did not sign an earlier, contradictory transaction.
Nakamoto achieved this by combining into Bitcoin the following features: timestamp server, proof of work, the network, an incentive system, a system for simplified payment verification, and groundbreaking game theory.
The system is secure as long as transparency can be maintained, dissuading any cooperating group of attacking parties.
We propose applying blockchain technology to the seafood and water industries to bring added transparency between participants.
Roadmap
Project team composition
Launch website Publish Whitepaper
Listed on Exchange
AQUA REQUEST platform development complete (Scheduled)
AQUA REQUEST completion of platform ecosystem construction (Scheduled)
AQUR TokenPublic Launch Launchpad
Continuous scaling and upgrades