Post
Topic
Board Politics and society (Naija)
Re: How can crypto impact agricultural financing?
by
Odogwu-Blockchain
on 08/09/2024, 17:10:35 UTC
The development of agriculture based token will solve this problem, where every farmer as well as producers, consumers and government will have to purchase the token to decide, vote, initiate ideas into the agricultural sector if need be, thereby forming Decentralized Autonomous Organization, DAO. These token can then used by the team for funding, savings, granting loan for developers for upgrading the token and the system.
Your insight on this matter is spectacular and unique although, I still find a problem in this as, the basic level to the agricultural sector is most likely not going to have a part in this.
Given that, majority of these guys haven’t got the slightest idea of what cryptocurrencies is about or this and that tokens. Hence, they don’t get to participate in the event that we have these things in place and am referring to the subsistence farmers whose produce is mainly for personal use.
The subsistence farmers actually can decide if they would form a DAO or not because it's not compulsory and may or maynot have any effect on their production. This idea of DAO in the agricultural sector will only function properly in the governmental institutions where everything will seems decentralized and not tampering with the native token, what do you think about this?