Blockchain for farmers ...

A company has just made the first agricultural commodity trade using blockchain. They sold 60,000 tons of American soybeans to the Chinese government. Result: half the processing time for the transaction. 

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Blockchain is going to be everywhere; infiltrating everything. This is what we all need to understand. This is massively bigger than cryptocurrency. It'll be used to reduce food waste; it'll cut down on fraud; it can even monitor crops since we're talking about agriculture ...

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Blockchain is really powerful. Not only it removes the middlemen, another way that blockchain can help farmers is by providing liquidity to their illiquid assets.

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Blockchain technology can provide liquidity and transparency to assets that are traditionally relatively iliquid and blockchain platforms can manage this by utilizing smart contracts. As it stands, bonds, over-the-counter stocks and private equity  funds can be traded, but depending on the individual assets, could take weeks to settle. By tokenizing these assets, they can trade in a decentralized marketplace much like stocks on an exchange. 

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Yeah, I read about this. It could also remove the likelihood of fraud on a decentralized asset marketplace because protocols of these platforms would  prevent any illegitimate asset from being offered, meaning only tokenized, verified assets can trade. These smart contracts would ensure that sellers don’t offer a product and then backout once funds are received. On the other hand, buyers cannot refuse to pay once they’ve received a tokenized asset. So simple. 

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