Agrotoken Teams up With Tanssi to Advance Agro Finance Segment in South America via Polkadot (DOT)

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As a seasoned crypto investor with a keen interest in agriculture and blockchain technology, I’m thrilled to witness the strategic partnership between Agrotoken and Tanssi. This collaboration is set to revolutionize the way agriculture businesses operate in South America by leveraging Polkadot (DOT) for agro-finance solutions.

As an analyst, I’m excited to share that Agrotoken, a trailblazing global platform for agricultural commodity tokenization, and Appchain, an infrastructure provider, have announced a long-term strategic partnership. This collaboration positions us to develop innovative solutions specifically for agriculture businesses in South America.

Agrotoken, Tanssi score partnership to leverage Polkadot (DOT) for agriculture finances in South America

Agrotoken, a pioneering tokenization platform specialized in agriculture businesses, has secured a collaboration with Tanssi, a versatile appchain protocol for Web3 environments. Both parties will join forces to develop agricultural finance solutions on Polkadot, focusing on the South American market.

Agrotoken Teams up With Tanssi to Advance Agro Finance Segment in South America via Polkadot (DOT)

As an analyst, I would say that in the initial stages, our joint products will primarily target the agricultural markets of Brazil and Argentina. We anticipate expanding our reach to include other significant players in the region in due course.

Agrotoken intends to utilize Tanssi’s specialized appchain technology for creating a blockchain system to securely collateralize loans using tokenized grains. However, managing the intricate procedures involved in assessing grain values, setting loan conditions, transferring ownership, and scheduling repayments is challenging for a standard blockchain. By employing its own appchain, Agrotoken can streamline the process of digitizing commodities and overseeing their entire lifecycle.

Ariel Scaliter, CTO and co-founder of Agrotoken, is thrilled about the prospects that the partnership with Tanssi brings for his team and the tokenization industry at large.

I’m thrilled about partnering with Tanssi, given their advanced infrastructure based on Polkadot and the ease with which we can implement it. This collaboration opens up new possibilities for us to delve into the world of natural resource tokenization more efficiently and adaptably.

Agrotoken functions in significant agricultural economies, such as Brazil (accounting for 22% of its GDP), Argentina (6.6%), and the United States (5.5%). Given the vastness and intricacy of these markets, Agrotoken necessitates a robust, dependable, and expandable infrastructure. Such features are integral to appchains, which is Tanssi’s primary focus in business development.

New accomplishments for tokenization in agriculture business

Since its inception, Agrotoken has made significant strides in providing groundbreaking solutions for the agricultural sector. The company has achieved numerous technological advancements and business milestones.

Agrotoken, the platform, has already facilitated tokenizations worth $70 million for cereal deals, translating to approximately 230,000 tons of soybeans, corn, and wheat. As business expands, Tanssi’s capabilities will be instrumental in driving Agrotoken’s development while ensuring peak efficiency. Tanssi offers infrastructure solutions as a service to Agrotoken, simplifying the deployment of its appchain with minimal effort, and supporting block production alongside crucial integrations such as oracles and wallets.

In simple terms, this partnership represents the initial application of agribusiness in the Tanssi network, which is built on Substrate by Polkadot – a proven platform for creating decentralized apps and connecting multiple blockchains.

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2024-07-09 16:13