The agricultural industry sustains our physical needs.
With the advent of modern technology, entrepreneurs have had the ability to venture into innovations in myriad markets. This has allowed people to pursue a career in any industry with less limitations than ever before. A sector that used to employ the most people in history, agriculture, has faced steep drops in new labor participation. Despite this, global agricultural output has sustained impeccable growth.
Technology has had a tremendous impact on agriculture.
Much of the agricultural industry now integrates cutting edge technology. Some of the greatest recent benefits have been yielded from IoT technology. IoT sensors help monitor and sustain crops with ease, thereby allowing the labor force in the agricultural industry to grow harvest volume by improving greater yields with less land. The reality is that even though we have witnessed an evolution in the way crops are growned and harvested and the way food is processed, the industry's distribution systems have failed to evolve despite being highly inefficient.
The distribution networks within rhe agriculture markets face the age-old problem of lack of interconnrctivity. Supply chain agents have been the connectors of food creators and food consumers, and this problem has seeped into the new data trades within the agricultural market. A new project has recognized the value blockchain can bring to the agricultural markets and is now developing an infrastructure that can revolutionize the agricultural industry across the world.
Efficient AgTech Markets
Pavo Project is leveraging blockchain technology and IoT technology to create a single system that can integrate various ledges of AgTech.
Pavo provides the technology needed to integrate IoT technology via sensors into any agricultural plot. It then provides the growers and field managers the ability to gather data necessary to improve harvests. Each year, the data gathered will allow farms to improve upon mistakes and create better outputs in the following year. This develops a positive feedback cycle that can allow technology to improve farm yields year-on-year.
While IoT technology is a critical part of upcoming AgTech, blockchain can ensure it reaches the full potential. IoT systems will create data that will remain siloed among independent farms. Instead, one farm's data can value other farms too. Blockchain provides Pavo the means to create a marketplace for the agricultural market.
Pavo's marketplace will be inclusive of all the participants in the agricultural market. Pavo will certainly provide the trade of data, but it will also allow the opportunity to counter a historic staple of the agricultural market, middlemen in the distribution of food. Pavo provides solutions to the existing problems of the current agricultural infrastructure and provides the technology to pave the future of it.
Essential Links
š Website: http://pavocoin.com/
š” Whitepaper: https://pavocoin.com/doc/whitepaper_en.pdf
šØ ANN Thread: https://bitcointalk.org/index.php?topic=3227901
š» Telegram: https://t.me/pavo_en
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