Tortola, British Virgin Islands, July 9th, 2024, Chainwire
Appchain infrastructure protocol Tanssi has entered into a strategic collaboration with Agrotoken, the first global tokenization platform for agricultural commodities. The agreement will see the entities develop an agro-finance 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 for collateralizing loans with tokenized grains. This necessitates complex processes for tracking 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 major agricultural markets where agribusiness represents a significant portion 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 that are inherent to appchains.
Agrotoken CTO and co-founder Ariel Scaliter said: “We are very excited to start working with Tanssi on account of their scalable infrastructure built with Polkadot and its simplicity in implementation. This collaboration will allow us to explore natural resource tokenization with greater speed and flexibility.”
Agrotoken has already tokenized $70M in cereals, the equivalent of 230,000 tons of soybeans, corn, and wheat. As this activity scales, Tanssi’s support will power Agrotoken’s growth while maintaining optimum performance. Tanssi will provide Agrotoken with essential infrastructure tools as a service, enabling the launch of its appchain with just a few clicks, and will support block production along with key integrations such as oracles and wallets.
This collaboration marks the first agrobusiness use case to be developed within the Tanssi ecosystem, which operates on Polkadot’s Substrate framework. The project has already commenced with Agrotoken’s appchain deployment on Dancebox, Tanssi’s testnet, and will continue with its launch on Tanssi’s mainnet later this year.
About Tanssi Network
Tanssi’s appchain infrastructure protocol is designed to simplify and accelerate the deployment of appchains. Connecting a chain to Tanssi transforms it into a modular appchain. This transition grants access to a developer-friendly and permissionless environment, fully stocked with all essential infrastructural components to run a chain right out of the box. Key features include a shared and decentralized network of block producers, ensuring robust security and data retrievability, alongside seamless integrations with vital tools like bridges, wallets, block explorers, RPC (NYSE:) endpoints, indexers, oracles, and more.
Learn more: https://www.tanssi.network/
About Agrotoken
Agrotoken is the first global real-world asset tokenization infrastructure, employing blockchain to optimize the management and trading of real assets, ensuring significant progress 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 forms the first global commodity digitalization platform, and Agrotoken.labs, which creates solutions adapted to the individual needs of each client within the agricultural sector.
ContactCMOKatherine Quilca BarcelliMoondance Labskathy@moondancelabs.com
This article was originally published on Chainwire