Struggling farmers unlock $20,000 in credit by putting cows on the blockchain
- 2 min readBrazilian Agtech firm Cowmed tokenized 10 dairy cows, proving that putting real-world assets onchain is a great way to bring liquidity to businesses facing challenges getting banks to loan them money.
- (Annie Spratt/Unsplash)SummaryFarmers in Paraná, Brazil, have tokenized 10 dairy cows on the B3 stock exchange, raising nearly $20,000 in credit backed by their livestock amid tighter bank lending.
- The project, led by agtech firm Cowmed, uses AI-powered tracking collars to create encrypted digital identities for each cow, preventing double-pledging and enabling co
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- 2 min readBrazilian Agtech firm Cowmed tokenized 10 dairy cows, proving that putting real-world assets onchain is a great way to bring liquidity to businesses facing challenges getting banks to loan them money.
- (Annie Spratt/Unsplash)SummaryFarmers in Paraná, Brazil, have tokenized 10 dairy cows on the B3 stock exchange, raising nearly $20,000 in credit backed by their livestock amid tighter bank lending.
- The project, led by agtech firm Cowmed, uses AI-powered tracking collars to create encrypted digital identities for each cow, preventing double-pledging and enabling co
Sources: Coindesk