Tortola, British Virgin Islands, July 9, 2024, Chainwire
Appchain infrastructure protocol Tanssi has entered into a strategic collaboration with Agrotoken, the first global agricultural product tokenization platform. The agreement will allow the entities to develop an agrifinance solution using technology for the South American market, initially focusing on Brazil and Argentina.
Agrotoken will leverage Tanssi’s dedicated appchain technology to develop a blockchain-based solution to secure loans with tokenized grains. This requires complex processes to track grain values, loan terms, ownership transfers, and repayment schedules that a general-purpose blockchain cannot easily handle. Equipped with its own appchain, Agrotoken will be able to efficiently digitize commodities and manage their lifecycle.
Agrotoken operates in the main agricultural markets where the agro-industrial sector represents a significant share of GDP, including Brazil (22%), Argentina (6.6%) and the United States (5.5%). Due to the size and complexity of the market, Agrotoken requires a robust, reliable and scalable infrastructure, characteristics inherent to appchains.
Ariel Scaliter, CTO and co-founder of Agrotoken, said: “We are very excited to start working with Tanssi due to their scalable infrastructure built with Polkadot and their simplicity in implementation. This collaboration will allow us to explore the tokenization of natural resources with greater speed and flexibility.”
Agrotoken has already tokenized $70 million worth of grain, the equivalent of 230,000 tons of soybeans, corn, and wheat. As this activity scales, Tanssi’s support will fuel Agrotoken’s growth while maintaining optimal performance. Tanssi will provide Agrotoken with essential infrastructure tools as a service, enabling the launch of its application chain in just a few clicks, and will support block production along with key integrations such as oracles and wallets.
This collaboration marks the first agribusiness use case to be developed within the Tanssi ecosystem, which operates on Polkadot’s Substrate framework. The project has already begun with the deployment of the Agrotoken application chain on Dancebox, Tanssi’s testnet, and will continue with its launch on the Tanssi mainnet later this year.
About the Tanssi Network
The Tanssi application chain infrastructure protocol is designed to simplify and accelerate the deployment of application chains. Connecting a chain to Tanssi transforms it into a modular application chain. This transition grants access to a developer-friendly, permissionless environment, fully equipped with all essential infrastructure components to run a chain out of the box. Key features include a shared, decentralized network of block producers, ensuring robust security and data recoverability, along with seamless integrations with vital tools such as bridges, wallets, block explorers, RPC endpoints (NYSE:), indexers, oracles, and more.
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About Agrotoken
Agrotoken is the first global real asset tokenization infrastructure, which uses blockchain to optimize the management and trading of real assets, ensuring a significant advance towards efficiency and transparency in the agricultural sector. Founded in Argentina in 2020, the company's strategy focuses on two business areas: Agrotoken.platform, which is the first global commodity digitalization platform, and Agrotoken.labs, which creates solutions tailored to the individual needs of each client within the agricultural sector.
ContactMarketing directorKatherine Quilca BarcelliMoondance LaboratoriesEmail: [email protected]
This article was originally published on Chainwire
