OCLN files patent to streamline water treatment payments with Blockchain

OCLN files patent to streamline water treatment payments with Blockchain

OriginClear, Inc., The Water Company for the New Economy, has reportedly made it to the front page for blockchain technology, following its recent announcement of filing a patent application for streamlining and easing the water treatment payments.

The application ‘System And Method For Water Treatment Incentive’ focuses on making use of blockchain technology and non-fungible tokens to ease the burden of payments on outsourced water purification and treatment services billed on pay-per-gallon basis ahead of inflation.

As per credible reports, the company has begun the development process of making use of NFT and blockchain technology, while looking forward to exploring other ways to resolving the payment issues.

The application of NFT and blockchain have shown immense potential for abolishing back-office overhead and human error in light of the upcoming inflation period. In fact, as per a report by Wall Street Journal, investors are unprepared for what may be once-in-a-generation shift in the market, as everything in the current pandemic era is screaming of inflation.

Commenting on the recent accomplishment, OriginClear CEO, Riggs Eckelberry quoted that the firm has concluded that paying various parties in service-based water treatment is a cumbersome process which creates human error and mislaid emails. In this regard, they believe that the use of NFT and blockchain tech could eliminate such issues and help build an outsourced water treatment marketplace.

Riggs added that water is a risk that the firm expects smart manager will outsource, especially during the worsening inflation. Besides, outsourcing through Water on Demand could mean that these firms do not need to worry about the issues being raised, either in managing it or financing it.

Speaking of the company’s mission, OriginClear is firm on its belief of offering breakthrough and revolutionary products that effectively enhance the quality of plant’s waters by delivering the highest quality water to end-users.

Source Credit: https://www.businesswire.com/news/home/20210510005322/en/OriginClear-Files-Patent-Application-to-Simplify-Water-Treatment-Payments-Using-Blockchain-Technology-NFT