Tokenized agriculture could provide economic relief to Argentine farmers
Blockchain proponents claim that agricultural asset-backed tokens would make it easier for farmers in Argentina to attract investment and access liquidity amid a nationwide economic crisis. Argentina's brittle economy — stricken by endemic problems that have only worsened amid the COVID-19 pandemic — has sparked rising unrest in the country's agricultural sector. Earlier this month, representatives of the bulk of national producers rejected President Alberto Fernandez’s government's decision to suspend all exports of corn as part of its efforts to stem inflation and exert downward pressure....
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With Argentineans facing rising inflation to near 40%, solutions appear to contain the impact on national farmers. A business blockchain platform is partnering with a peer-to-peer (P2P) marketplace to launch a program to tokenize Argentina’s agriculture. More Than 40% of the World’s Soybean Oil and Soy-Meal Production Comes From Argentina According to an announcement shared with news.Bitcoin.com, Coreledger will work with Abakus to set up a “digital barter economy” in Argentina. The project consists of enabling farmers to tokenize their agricultural assets to seek a....