Blockchain

Panama Will Use Blockchain Technology To Improve Food Production

The Government of Panama, through the Center for Controlled Environment Research and Production (CIPAC AIP), will use blockchain (among others) to manage and control the country’s agricultural production. Other technologies it will also use are: robotics, artificial intelligence, the Internet of Things and big Data.

CIPAC AIP, an initiative of Panama’s National Science, Technology and Innovation (Senacyt) Secretariat, seeks to improve production, competitiveness, food security and social development through productive transformation.

Panama has shown interest in integration blockchain and Web 3.0 in its digital economy. In July, the blockchain summit LATAM Panama 2022 brought together experts from the crypto ecosystem, who agreed that Web 3.0 could explode the realm of the digital and local economy in Latin America, in addition to the industry’s potential to create jobs. Will give Blockchain.

Even JAN3 CEO Samson Mo had an opinion about it:

“We are going to see the collapse of the fiat system, and the adoption of bitcoin that could be curtailed, were the words with which the CEO of JAN3 Company and former director of Blockstream raised the public at the convention center in the capital of Panama. With record inflation numbers and a global recession, the world is getting darker.

According to the newspaper La Estrella, CIPAC AIP operates with a budget of $19 million from the Development Bank of Latin America (CAF) and its main function is to support producers, academic institutions through research and technology.

There are more initiatives in Latin America blockchain related to the agricultural sector. In May, Agrotoken formed an alliance with Visa to allow agricultural producers to purchase all types from their own produce. With this plastic, people working in the agriculture industry will be able to make any purchase using tokenized grains.

“AgroToken is the safest and most genuine cryptocurrency in the world based on three of the most sought after grains globally. The association with Visa makes us proud and shows that we have a highly reliable product that is a must-have for the financial sector. creating disruptive change.”

Panama will use blockchain technology to improve food production - Nation World News

Another initiative was from the Colombian government, which launched a campaign in 2011. blockchain To promote agriculture projects, where it envisages supporting 10 pilot projects to validate specific gaps in each crop related to its “Agro 4.0” strategy, which will support projects technology blockchain, Artificial Intelligence and Internet of Things.

“Facilitating the appropriation and dissemination of 4.0 technologies for agriculture is relevant as it raises awareness of the importance of the sector at the national level and the significant burden it holds for the economy in Colombia. Promoting such projects means learning To promote processes, knowledge management, innovations and good management practices.

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