LocalAgro – Blockchain Based Agricultural Business Platform
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LocalAgro – Blockchain Based Agricultural Business Platform

March 6, 2020      Cryptoknowmics

We are pleased to present to your attention LocalAgro, an International Agricultural Business Platform designed for local food market participants and equipped with a wide range of communication and search tools that provide a full range of services for business relations.

The platform based on blockchain technologies and designed to simplify business processes and cut out the middlemen between the food producer and consumer.

Food drives the world!

Agriculture is an industry with a total volume of over 8.7 trillion dollars, and it is growing. If current population growth trends continue, by 2050, the demand for calories will increase by 70 percent, and the demand for crops for human consumption and animal feed will increase by at least 100 percent.

According to leading expert agencies, the agro-industrial complex accounts for more than a quarter of the world’s GDP and its volume is constantly growing. According to the cost of produced food and the volume of investments, the agro-industrial market ranks first among the macroeconomic complexes of most developed countries.

In the next 10 years, the agricultural trade in the world expected to continue to grow steadily. As a result, the impact of the trade on the level and nature of food security will increase in all regions of the World.

Problems and Solutions

Well known that the agriculture producer receives less than 20% of the price paid by the customer. The LocalAgro platform reduces this difference. It designed to help the producer regardless of his location, production volume, the political or economic situation as well as the level of development of the banking system in his country. According to our research, the use of our platform will allow the producer to receive up to 80% of the revenue from the price paid by consumers.

In addition to directly connecting producers and consumers of agricultural products companies, state-owned enterprises and private individuals offering certain services in the agricultural industry such as leasing, insurance, logistics, banking, escrow, real estate sales, custom duty and fees consulting will be fully-fledged participants in the LocalAgro community.

The financial basis of relations between producer and consumer will be our decentralized cryptographic currency LAC, which will reduce transaction time, lower payment cost, plus secure and enforce fair transaction by using our smart contract and LAC coins.

An important part of our platform will be assisting in implementing programs for delivering agricultural products to regions whose population urgently needs food due to environmental crises.

The LocalAgro platform will help international charity programs lead by charitable fund and philanthropists to supply food to less developed countries. Using the LocalAgro platform will help to get the entire supply chain from food producers to those regions under control.

Within the framework of the problems with overproduction and losses of food products due to globalization of the market and pressure from the largest manufacturing companies the LocalAgro platform will help market participants significantly expand and diversify their suppliers and thereby significantly reduce losses caused by lack of customers and spoilage of food products after their expiry.

The main feature of the platform will be complete transparency and openness of transactions and payments to their participants at all stages as well as the complete absence of intermediaries and the possibility of influence from global corporations on their conditions.

The LocalAgro platform will become a global international community of food producers and consumers where the principles of business relationships, established rules for conducting transactions, and availability of decentralized payments will create a modern mobile business platform driven by new technology.

A smartphone, tablet, or laptop will turn into a mobile office with a complete toolkit for conducting transactions, finding partners on the local market, in other countries or continents, preparing a contract, providing logistics, insurance, making payments, and controlling deliveries.

The platform will allow you to quickly and accurately make transactions and provide other community members with information about the trustworthiness of participants due to a rating system.

We also expect that domestic cryptographic currency can become a convenient and profitable investment tool due to its potential high investment attractiveness. Constantly growing volumes of the food market and successful experience in the development of the agricultural industry allow us to conclude that it is highly liquid and in demand.

The business scheme of LocalAgro in 100 words

The buyer and seller, working in the local agricultural market, decide to make a deal. They fill forms in the LocalAgro system. The system creates a smart contract in accordance with the terms of the transaction. The transaction amount, including shipping and insurance, reserved by the system in LAC.

The seller sends products by the partner shipment company. The buyer receives products, evaluates the quality and marks the acceptance of goods in the personal account. The smart contract executed and the amount in LAC distributed in accordance with the terms of the transaction to the accounts of seller, shipping and insurance companies.

LocalAgro Team

A platform developed by professionals for professionals. Our team thoroughly thought out all the business processes in the financing, logistics, storage, insurance, quality control, and quantity of products. Many of these processes will work on blockchain technology for the effectiveness and speed of the advancement of the platform.

Having tested all the similar sites, we concluded that they provide services only of a local nature, hence are not designed for real trading and obtaining results, but are primarily informational.

We offer a comprehensive solution in the field of local food trade and provide necessary services for industry participants.

AIRDROP

During the Airdrop, we plan to allocate part of the coins in the total volume of 3,000,000 LAC for the AIRDROP campaign in order to attract the maximum number of potential investors and partners. The terms of the AIRDROP campaign published on the ICO website.

Mission

Our mission is to build direct relationships between agro-producers and consumers, using the latest technology.

The LocalAgro platform is based on blockchain technologies designed to transform the oldest businesses into smart and digital business models.

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#Agriculture #Blockchain based agriculture #Localagro #Press Release
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