Agrotoken and Tanssi Collaborate to Transform South American Agro-Finance on Polkadot

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As an analyst with a background in blockchain technology and agriculture, I am excited about the strategic collaboration between Tanssi and Agrotoken. This partnership represents a significant step forward in the tokenization of agricultural commodities, particularly in the large and complex markets of Brazil and Argentina.

Tortola, British Virgin Islands, July 9th, 2024, Chainwire

Expert: Tanssi, the infrastructure protocol within Appchain, has formed a strategic alliance with Agrotoken – the world’s initial agricultural commodity tokenization platform. This partnership aims to create an agro-finance solution using Polkadot technology, primarily targeting the South American market, initially in Brazil and Argentina.

As an analyst, I would explain it this way: I’ll walk you through how Agrotoken intends to use Tanssi’s specialized appchain technology to create a blockchain solution for securing loans with tokenized grains. This undertaking involves intricate procedures for monitoring grain values, loan conditions, transfer of ownership, and repayment plans, which are challenging for a standard blockchain. By harnessing the power of its own appchain, Agrotoken will effectively digitalize commodities and manage their entire lifecycle with greater efficiency.

Agrotoken functions in significant agricultural economies, such as Brazil (accounting for 22%), Argentina (6.6%), and the United States (5.5%), where agribusiness contributes substantially to their GDP. Given the vastness and intricacy of this sector, Agrotoken necessitates a robust, dependable, and expandable infrastructure. Such qualities are inherent in appchains.

Ariel Scaliter, the CTO and co-founder of Agrotoken, expressed his enthusiasm: “We’re thrilled to begin our partnership with Tanssi. Their scalable Polkadot infrastructure and easy implementation make it an ideal choice for us. This collaboration will accelerate our exploration into natural resource tokenization.”

Agrotoken has successfully tokenized $70 million worth of cereals, translating to approximately 230,000 tons of soybeans, corn, and wheat. As the platform expands, Tanssi’s capabilities will be instrumental in fostering Agrotoken’s development while ensuring peak performance. By offering essential infrastructure services, Tanssi will facilitate the launch of Agrotoken’s appchain with minimal effort and support critical functions such as block production and key integrations including oracles and wallets.

In a groundbreaking development for the agrobusiness sector, the initial use case in this field is being established within the Tanssi network, which runs on Polkadot’s Substrate technology. The collaboration between Tanssi and Agrotoken has started with the deployment of Agrotoken’s appchain on Dancebox, Tanssi’s testing platform. Later in the year, the project will progress to being launched on Tanssi’s mainnet.

About Tanssi Network

Tanssi’s appchain infrastructure protocol streamlines and quickens the process of launching appchains. By linking a chain to Tanssi, it becomes a flexible modular appchain, granting developers access to a user-friendly and open-source environment, complete with all necessary infrastructure elements required to operate a chain immediately. Notable aspects include:

About Agrotoken

As a crypto investor, I’m excited about Agrotoken’s innovative approach to real-world asset tokenization using blockchain technology. Agrotoken is leading the way as the first global infrastructure for this groundbreaking development in the agricultural sector. By optimizing the management and trading of real assets through the use of blockchain, we can expect significant advancements in efficiency and transparency.

Contact

CMO
Katherine Quilca Barcelli
Moondance Labs
kathy@moondancelabs.com

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2024-07-09 16:04