Hamilton Locke is delighted to have assisted Botanical Water Technologies on a recent transaction with Fujitsu regarding the development of a first of its kind blockchain water trading platform.
Botanical Water Technologies (BWT) in a world-first, has discovered a new sustainable and renewable source of potable water utilising award-winning globally patented technology that harvests the water naturally stored in plants. BWT will play a major role in alleviating the world’s water problem by delivering clean and safe drinking water to 100 million of the world’s most vulnerable people by 2025.
Fujitsu will be drawing on its extensive industry knowledge and technology to assist BWT launch the “Botanical Water Exchange” platform which enables the secure and transparent trading of water purified by BWT’s patented water purification process, including the refinement, sales, purchase, delivery, and usage of potable water.
Co-Founder and CEO of BWT, Terry Paule, said: “The Botanical Water Exchange is the crown jewel of our business. Put simply, without it, it would not be possible to distribute our botanical water globally which underpins our business. Alex Ninis and his team were very diligent and comprehensive in their approach and ensured our team was well informed throughout the entire process. We have now proudly formed a strong partnership with Fujitsu and we are excited to see what the future holds.”
Hamilton Locke Partner, Alex Ninis, said: “Hamilton Locke Technology & IP team’s extensive experience in drafting and negotiating technology development agreements assisted BWT in achieving this important milestone. Development of the platform has commenced in earnest with both the BWT and Fujitsu teams working diligently to deliver the platform on time.”