More information
Description
The project will develop a system (Custodian), consisting of three low-cost devices and a web platform for tracking small vessels and buoys. This will aid fisherman in their operations and equipment management, as well local authorities and businesses bringing all parts together to optimize this industry and minimize losses and pollution. During testing of the prototypes, fishermen might encounter savings due to: i) the faster location of the fishing gear, potentially saving approximately 12€ of fuel per launch; b) recover of potentially lost nets (50 % success rate would lead to 5% increase on net income); iii) fishermen testing the prototype of the service that provides real-time market pricing may also experience an increase in net profit due to the timely choice of market based on the current catch (tentative quantifications of the extra income generated by this would be too speculative at this stage).