Blockchain Platform to Set up a Tokenization Solution for Argentinean Farmers as Peso Keeps Plummeting

Blockchain Platform to Set up a Tokenization Solution for Argentinean Farmers as Peso Keeps Plummeting
фото показано с : news.bitcoin.com

2021-1-29 23:30

With Argentineans facing rising inflation to near 40%, solutions appear to contain the impact on national farmers. A business blockchain platform is partnering with a peer-to-peer (P2P) marketplace to launch a program to tokenize Argentina’s agriculture.

More Than 40% of the World’s Soybean Oil and Soy-Meal Production Comes From Argentina

According to an announcement shared with news.Bitcoin.com, Coreledger will work with Abakus to set up a “digital barter economy” in Argentina.

The project consists of enabling farmers to tokenize their agricultural assets to seek a hedge against rising inflation. It can be possible by accessing liquidity via certified titles through national and international investors, said Coreledger.

Argentinean farmers could redeem and trade their tokenized titles with any other asset through the Akabus P2P platform. Coreledger puts soybeans as an example, as it can work like an asset-backed currency, tradeable for other commodities or even the fiat peso.

Johannes Schweifer, CEO of CoreLedger, commented on the farmers’ struggling with a plummeting fiat peso amidst pandemic uncertainties:

More than 40% of the world’s soybean oil and soy-meal production comes from Argentina, meaning it is of great national interest that smallholder farmers can liquify these assets. In an inflation-stricken country, access to physically-backed assets can be the difference between surviving and thriving for these farmers.

Also, Martin Furst, CEO of Abakus, believes the tokenization of agricultural assets brings “greater agency to farmers who can now sell the physical-backed assets according to their own needs.” Coreledger clarified that tokens become “true stable coins, backed by real assets, not unstable fiat currencies.”

if (!window.GrowJs) { (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = 'https://bitcoinads.growadvertising.com/adserve/app'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, 31, [300, 250], null, []); GrowJs.showBanner(banner.index); } });

Bitcoin Keeps Going Through the Roof as Economic Troubles Worsens in Argentina

The plan is to oversee how the project works within the Argentinean economic conditions’ environment. After assessing the results, Coreledger expects to expand the tokenized agriculture concept into other developing countries.

With a currency that faces economic troubles, inflationary turmoil, oversized emissions, and hopeless forecasts from experts, bitcoin (BTC) has been having enough room to surge in Argentina. Over the last year, BTC prices crossed the 1,594,000 threshold against the Argentinean peso.

What do you think about the idea of tokenizing agricultural assets in Argentina? Let us know in the comments section below.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0064459
Капитализация $0 Rank 99999
Цена в час новости $ 0.0910131 (-100%)

farmers blockchain platform business national partnering impact

farmers blockchain → Результатов: 74


Farmobile DataStore Unveils First Blockchain Farm Data Exchange

Farmobile LLC, an Independent Farm Data Company, has announced that the Farmobile DataStore exchange is now open for business, connecting data buyers and farmers nationwide. The release represents the Farmobile team’s commitment to help farmers derive a revenue stream from their farm data by connecting them to buyers through an accessible, interactive process. It is […]

2018-7-19 13:50