USAT: United Scientists Association of Technology

Crowdfunding has changed the fundraising game forever. On a global scale, the average success rate for hitting crowdfunding goals is 50%. Many companies and projects wouldn’t exist if it weren’t for online crowdfunding. With the crowdfunding industry projected to grow to more than $300 billion by 2025, nonprofits can’t afford to miss out.

This fundraising revolution is great news for the nonprofit sector, as it opens the door to new sources of funds. But, which crowdfunding platform should you pair with your fundraising tracking software? They all have unique rules, benefits, and downsides.

The United Scientists Association of Technology Inc., or USAT, is a non-profit crowdfunding organization. This Australian-based organization will utilizing blockchain technology to decentralize the intellectual property processes. In order to develop breakthrough, innovative products which will have a positive impact on the world and its people. USAT will make fund, develop, and implement technologies that improve the world through the platform.

Through the USAT platform, inventors are given a clear path to bringing an idea to fruition in a way that guarantees liberty, autonomy, and security of all participants. Once an idea submitted to the United Scientists Association of Technology Inc. has been approved (on the basis of its engineering and commercial merit), the platform assists inventors in patenting their idea, then purchases the patents and rights for an agreed upon fee. Then the United Scientists Association of Technology Inc.’s marketing division facilitate the sale or licensing of the product to end users, such as governments or private industry.

USAT Inc. is affiliated with the Australian Institute of High Energetic Materials (AIHEM). AIHEM is 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. Currently, AIHEM unites 138 Professors, 65 Associate Professors, 89 scientists with Doctoral Qualification and 28 holders of MSc in Engineering from over 50 countries.

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. 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.

Overall, the 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.

The organization will use the Utoken digital currency. Recently, the Utoken ICO is on the pre-ICO-sale stage which was begin on June 15, 2018 and will end on August 15, 2018. By participating in the Utoken token sale by USAT, you’re buying a share of the company’s intellectual property. The company holds two Australian patents related to the use of solar electricity. When you buy Utokens, you’re buying a proportional share of all current and future patents held by the company.

You can find more detail information about USAT online on https://usat.io/, or check the company whitepaper available at https://usat.io/wp-content/uploads/2018/05/White-Paper-USAT-Inc.pdf

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