Sinclair Fox New Blockchain For Agriculture And Food Businesses - Sinclair Fox

Agriculture, Blockchain, Technology

New Blockchain For Agriculture And Food Businesses

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quand un homme lion rencontre une femme scorpion FoodCoin is a new cryptocurrency from a group called 1000EcoFarms.com. The aim is to have a system to so that businesses in the real food movement have a resource that directly supports their networks. The reason for the launch is because conventional payment methods for small enterprise farmers are invariably expensive or inconvenient. The aim with FoodCoin is to lower costs and increase value from agricultural sales for large and small producers and consumers of agricultural products. The idea is that each producer will have equal access to the global market of production and distribution of foodstuffs and agricultural products using modern financial instruments.

 Discussing the launch of the currency, Mark Meytin, who is a co-founder and partner in the new venture, said: “1000EcoFarms.com is a marketing and customer management platform while FoodCoin is focused on payment and contract-processing services based on the Ethereum blockchain.” Blockchain is a suitable process for farming; it allows farmers to transfer value, or assets, between each other without the need for a trusted intermediary.

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