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OriginClear Engages The Coin Lab To Help Develop WaterChain™ Blockchain Protocol
OriginClear Engages The Coin Lab To Help Develop WaterChain™ Blockchain Protocol.
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[{"type":"text","content":"\n\n\n\nOriginClear Engages The Coin Lab To Help Develop WaterChain™ Blockchain Protocol\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nOriginClear Engages The Coin Lab To Help Develop WaterChain™ Blockchain Protocol\nFiles for patent protection of a token ecosystem for improved efficiency of transactions in the water industry\nPR Newswire\nLOS ANGELES, Feb. 2, 2018\n\n\n\nLOS ANGELES, Feb. 2, 2018 /PRNewswire/ -- OriginClear Inc. (OTC/QB: OCLN), a leading provider of water treatment solutions, announced today that it has engaged London-based The Coin Lab (www.thecoinlab.io) to help develop a blockchain protocol, with industry participation, called WaterChain™ (www.waterchain.io).\n\n\n \n \n\n \nThe Coin Lab's assignment is to develop a blueprint and process for executing on the technology strategy of placing the water industry on a blockchain protocol with a water transactional token, or coin.\n\n\"We believe, with OriginClear, that a blockchain-based system could help the water industry address the world's fast-growing water crisis,\" said Tim Marchant, CEO of The Coin Lab. \"Combining smart contracts with a specialized water coin to make industry transactions faster and more risk-free is a brilliant invention, and we are honored to have been chosen to blueprint the system.\"\n\n\"By 2030, there will be much more demand for water than there is supply,\" said Riggs Eckelberry, OriginClear CEO. \"The water industry is gearing up for the challenge, and new decentralized, outsourced performance contracts are the wave of the future. WaterChain can make these work.\"\n\n\"Imagine a device sensing that water has been cleaned to a specific standard,\" added Eckelberry. \"Based on a smart contract, that device can then trigger preprogrammed payments to service companies, vendors, financiers, and licensors, accomplishing in an instant what normally takes weeks to do, with far greater reliability and confidence.\"\n\n\"We plan to open WaterChain to all water industry players, from device manufacturers to bidding marketplaces and more. It is our intention ...