It’s no secret that the first agricultural revolution back in 10 000 BC represented a massive leap in our evolution as a species. Transitioning from nomadic tribes that had to move regularly, hunt and forage, to farming settlements is a cornerstone of civilisation that cannot be taken lightly. Then came the industrial revolution which led to even more efficient and faster farming, allowing for unprecedented success.
In the late 20th century we experienced exponential growth in the sector due to genetic engineering, biotech and the ability to mass produce agricultural goods. While technology in the field (pun intended) evolved so fast we were missing an essential piece of the puzzle: The proper logistics and efficiency systems to streamline this “umbrella” of innovation in a market that’s critical to our survival and well-being.
PAVOCOIN: Combining IoT with Blockchain for Agriculture 2.0
IoT or the Internet of Things promises to revolutionise our everyday interactions with a network of interconnected devices, from Fridges that know you are low on milk to robots that can detect a myriad of facts which are then assembled into machine learning algorithms to create actionable data. This technology stack can significantly improve the way we currently do agriculture. With help of the PAVO Blockchain and their PAVO Coin users will be able to:
• Record production flow in real time
• Report and analyse all activities from seedling to final product shipping
• Complete operation oversight from anywhere anytime
• Productivity and labour cost analysis
So how does the PAVO cryptocurrency come into play? Well, the team behind the project aims to create an ecosystem between growers, producers, retailers and service providers related to agriculture thus closing the circle on every interested party by receiving fair remuneration for their products or services rendered.
• Consumers can use the system to buy directly from farmers and suppliers
• Farmers can presell their crops using smart contracts
• Agtech Users that can leverage the IoT technology to increase yields and overall quality
Tokenomics and the road ahead!
The adjacent benefits of blockchain transactions such as the guarantee of product’s source is a very sought-after feature in today's produce markets. Should one be interested in checking the provenance of any product they can do so easily by just querying the Pavo proprietary tracking system. The amount of data that the ecosystem can generate is staggering, Academics and researchers can make good use of these generated insights to iterate on better crop cycles and come up with products that were not possible without the help of a macro system of the likes of Pavo.
Trying to innovate in an industry that’s worth over $5 trillion is no easy feat, but it’s safe to say that as long as the global population grows on a steep curve, so will the demand for quality produce and goods. The Pavo blockchain plans to capitalise on this rise that’s expected to increase by 70% by 2050. Unlike many crypto projects that promise the moon, Pavo Coin has a down to earth (literally) use case that can usher in another industrial revolution.
Should you be interested in participating in this ICO go to www.pavocoin.com for more details on the project, here are some details about the token sale:
Disclaimer:
I am not affiliated with PAVO nor do I own any stake in the company