TRANSFORMING AGRICULTURE WITH BLOCKCHAIN
What is Pavo?
Pavo is a transformative IoT Blockchain platform for the Ag-Tech ecosystem, enabling:
· Provenance and radical transparency
· Mobile payments, credits, and decreased transaction fees
· Real-time management of supply chain transactions and financing.
The Pavo project is anchored in two major components that meet the needs of agriculture:
- A fee-based hardware and software platform for growers, designed to increase the yield, quality, and purity of their product, create product differentiation and maintain regulatory compliance.
- A cryptocurrency for the agriculture ecosystem — including growers, wholesalers, manufacturers, and suppliers — to be used for secure, safe, and reliable payments
Introduction to Pavo
Farmers and growers are increasingly turning to technology to better manage cost inputs to the production process. Pavo’s IoT blockchain software platform is designed for the data-driven agriculture professional of the future. Right now, the IoT software and hardware components exist and are deployed at indoor and outdoor farms in California, USA.
We continue to perfect it to allow our clients to achieve better product characteristics while increasing process automation and minimizing expenses. Through the implementation of the blockchain element, we’ll enable our clients to not only produce better crops but also to optimize their sales, distribution, and supply planning activities.
Specifically, the Pavo IoT software platformhelps users to:
● Record and monitor production practices in real time via the Pavo IoT gateway
● Record, report, and analyze activities from planting to spray records to shipping
● Track labor costs and productivity to optimize human resources and related costs
● Easily measure and track the entire cultivation operation from anywhere in the world.
These features help growers to document, archive and learn from experience, leading to better yields, lower costs, and higher top-line revenues.
How does Pavo work?
Soil sensors are placed into the soil close to the plants, and the CO2 sensors located in the room where the plants are grown regularly collect sensor data. (We’re currently in the process of developing the software to integrate data from sensors for luminosity, contaminants, and water quality parameters such as pH, ORP and salinity.)
This information is then transmitted through the gateway into the data storage from which it is delivered to the user through an intuitive and user-friendly interface. The user tracks the information and uses it to optimize the entire growing cycle by ensuring that vital crop measurements stay within optimal ranges.
The Pavo Token
The Pavo token (PAVO) is a cryptocurrency payment system that enables agriculture market participants, such as growers, producers, innovators, retailers, and service providers in our network to accept digital payments from their customers and community members. PAVO is a functional usage coin.
PAVO facilitates transactions among ecosystem participants and serves as an electronic alternative to traditional payment instruments like cash or credit cards. This mitigates both the security risks and risks that may be caused by nationally chartered financial institutions shutting down users’ banks accounts. Our mission is to offer a multipurpose blockchain focusing on value exchange that maximizes the total value for all stakeholders. We are actively developing cutting-edge usage token functionality and wallet features such as recurring payments, proof-of-receipt and exclusive escrow for future exchanges of value provided directly to a PAVO wallet after payment.
Furthermore, the Pavo token will facilitate smart contract execution between market participants and the data sharing across the entire supply chain.
Conclusion
The agriculture industry is likely to see increasing global exchange through the adoption of digital products and currencies and blockchain-enabled Internet of Things solutions. This may affect everyone from rural farmers selling to consumers across the globe to large nations tracking their aid relief. This could lead to a more fair distribution of goods and funds among some of the poorest regions of the world and the expansion of community-based agricultural models on a global scale.
This innovative technology streamlines data management throughout the complex system of farmers, brokers, distributors, processors, retailers, regulators, and consumers, and simplifies and ensures transparency of the information on the food we eat.
Improved data sharing about our food supply can also minimize the trillion-dollar problem of wasted food, increasing the total supply to serve a rapidly growing population. Increasingly, farmers, wholesalers, banks, and consumers will be accessing data accumulated throughout the agriculture supply chain.
Pavo provides an IoT- blockchain solution for the agriculture ecosystem, enabling all participants to accept digital currency payments directly from their customers, suppliers, and partners for their respective needs..png)