USAT is an Australian organisation utilising blockchain technology to decentralise the intellectual property processes. Through our platform we fund, develop and commercialise intellectual property, supporting innovators and providing token holders with strong growth opportunities.
The United Scientists Association of Technology Inc. is here to change that, through the USAT platform, the inventors are given a clear path to bringing ideas to fruition in a way that ensures the freedom, autonomy, and security of all participants.
The process is very simple: so an idea submitted to the United Scientists Association of Technology Inc. has been approved (on the basis of technical and commercial expertise), this platform helps the inventors in patenting their ideas, then purchases patents and the right to Agree on a cost, then the marketing division of the United Scientists Association of Technology Inc. facilitate the sale or licensing of products to end users, such as government or private industry.
HOW IT WORKS?
USAT Inc. holds a repository of intellectual property (IP). That IP, according to the USAT whitepaper, includes “legal, identifiable, intangible assets in the form of patents and trade secrets.”
That IP repository is open for shared ownership. You can buy a share of ownership by purchasing Utokens. In other words, each Utoken you buy represents a share of intellectual property ownership. Utoken is a token of shared ownership of all present and future patents and trade secrets stored in the USAT Inc. IP repository.
What kind of trade secrets does the United Scientists Association of Technology (USAT) hold in its repository? What kind of future potential do these secrets have?
Well, the company claims to operate from the Innovation Center Sunshine Coast P/L (ICSC), a leading business incubator and accelerator that operates as a subsidiary of the University of Sunshine Coast in Queensland, Australia.
USAT Inc. is also affiliated with an organization called the “Australian Institute of High Energetic Materials”, or AIHEM. The USAT whitepaper describes this as “an Australian based professional alliance, which was established in 2009 with a mission to facilitate research in fundamental and applied science directed towards expanding human knowledge.”
AIHEM’s network includes 138 professors, 65 associate professors, 89 scientists with doctorial qualifications, and 28 Msc engineering professionals from 50+ countries worldwide. That’s where the core value of USAT’s intellectual property lies: the organization claims to receive “a constant influx of novel technological proposals” from AIHEM.
After USAT receives a proposal from AIHEM, the team carefully examines each proposal. They only select proposals that have proven engineering and commercial merit. The selected proposals are financed by USAT Inc. with the goal of creating innovative products.
Ultimately, USAT will complete a project and introduce it to the market. At this point, here’s what will happen to Utoken holders: USAT will continue the financial cycle by reinvesting profit into new projects from its constant pipeline supply from AIHEM USAT will buyback and cancel a calculated percentage of Utokens via a smart contract
USAT PATENTS
USAT claims to have a large repository of trade secrets and other valuable IP. They also claim that more proposals are coming down the AIHEM pipeline on a regular basis.
However, the USAT whitepaper reveals that the company owns just two patents. Both are Australian patents:
Patent # AU 2017100315: This patent is for “a multi-layered structural material for conversion of solar radiation to kinetic energy of fluids.” Basically, it describes a method and apparatus capable of converting solar energy to electricity via a solar wind farm.
Patent # AU 201710410: This patent refers to “recuperation of waste heat to co-generate electricity in solar-wind farms.” It’s a product that takes waste heat from computers and other electronics, then converts it into electricity.
USAT whitepaper describes these patents as valuable technologies for future electricity generation. They allow customers to reduce production costs of electricity and become fully autonomous external electricity suppliers.
TEAM MEMBER
USAT is led by key members from AIHEM, including Peter Banjanin, Lilia Stamatova, and Dr. Benedict de St. Amatus. You can contact the company by email at info@usat.io.
Banjanin is an Honorary Chairman and a founding member of USAT Inc. and the Chair of the Business Development Sub-committee of the Academic Council of the Australian Institute of High Energetic Materials (AIHEM).
Stamatova is treasurer of the Management Committee of USAT Inc. She has two Master of Science degrees in Chemical Technology and Chemical Engineering.
Dr. Benedict de St. Amatus, meanwhile, is the Chair of AIHEM and a Reader of the Australian Research Council. He has authored or co-authored more than 80 scientific manuscripts.
Overall, USAT Inc. is a non-profit organization based in Queensland, Australia. That organization is affiliated with universities, Nobel Prize winners, and more than 300 distinguished scientists from 50 countries worldwide.
Website: http://usat.io/
Whitepaper: https://usat.io/wp-content/uploads/2018/05/White-Paper-USAT-Inc.pdf
Twitter: https://twitter.com/USAT_Inc
Linkedin: https://www.linkedin.com/company/18478570/
AnnThread: https://bitcointalk.org/index.php?topic=4419611.msg39393164#msg39393164
Youtube: https://www.youtube.com/channel/UCGtdgioQqt-TyCYoXH8DDPw
Telegram: https://t.me/USATINC
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