Water trading blockchain could go live by mid-year in far north Qld

A blockchain-based water market that aims to level the playing field for farmers could go live in far north Queensland by the middle of this year, after a successful pilot that showed a drastic reduction in the time taken to execute trades.

The partnership, led by the federal government-backed Cooperative Research Centre for Developing Northern Australia (CRCNA) and Brisbane-based start-up Civic Ledger, aims to improve transparency in the fractious and opaque national water market and provide greater certainty to agriculture investors.