20%
Undetected Overfishing
Attributed every year in Australia alone.
Ocean Blocks allow governments and regulatory authorities to frictionlessly govern and protect parts of the ocean that falls under its jurisdiction.
Ocean Blocks allow processing factories to streamline its processes and enable seamless workflow interchange between relevant parties in the chain.
Ocean Blocks enable Fishermen to easily manage and keep track of their quota and licenses in real-time, as well as offload catchments efficiently.
The linking of modern technologies like satellite grids, automated port landings, synchronised processing, tracked packaging, and purchasing will enable a more significant line of sight across ocean resources in every environment. Advancements across all aspects of the suggested infrastructure have not yet been made achieved. However, investments toward the stabilisation of dwindling ocean resources are expanding as correlating information that links warming oceans to depleting ocean stocks is gaining traction.
Due to the complexity of Ocean Blocks, the government will play a key role in the strategic movements of all functioning parts. A top-down approach will be required from the government authorities and their teams to allow fishing licences to be tokenised initially.
The legal framework and regulatory bodies will be required to draft legislation to allow the management and trade of tokens via smart contracts on blockchain consensus networks. When ready, the promotion of this digital method of ocean resource management will need to be published via government channels and media agencies.