Post
Topic
Board Economics
Re: agriculture and bitcoin
by
ice098
on 28/02/2020, 11:33:42 UTC
Please teach me how could I use a crypto for developing agriculture in my country?
Do you mean cryptocurrency or blockchain? Cryptocurrency is mainly for the purpose of transaction and investment.
So, if you’re referring to cryptocurrency there isn’t really much that can be done about it apart from investment.

You can create an online platform that will let people in your country to be investing on your farms with cryptocurrency and after the period that was set they will get their money back with the percentage profit. Then apart from that, blockchain can be used in few ways in agriculture like tracing how the agricultural products are being distributed to the consumers. There are lots of ways that blockchain can be useful in agriculture, as for cryptocurrency it’s just investments.

With this protocol of agricultural improvement, we're creating a new wave of process that can speed up the transaction of agriculture business. Using cryptocurrency or blockchain technology emerging into physical business, the world exportation of perishable good like agricultural products is more efficient compared with traditional payment system.
This will help eliminate the delays and errors of distribution as well as the online payment transaction is concerned because it gives an accurate traceability on each items sold.