PRESENTING IOT BLOCKCHAIN FOR THE AGTECH ECOSYSTEM.

in #cryptocurrency6 years ago

THE VISION.

The vision of this project is to be able to serve an agriculture ecosystem with the help of their extensive experience in the cultivation of crops and bringing together of cutting-edge technologies of IoT and blockchain, it will focus on the highly technologized process of crop growth.

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A high efficiency of IOT and transparency of blockchain will be imputed into every stage of the entire lifecycle of the agricultural business sector.
The Pavo team has a wide range of experience in the building of traditional monitoring systems used for almonds, hazelnuts and walnuts used by the European market.

THE MARKET OVERVIEW.

The food and agricultural industry represents $5 trillion of the entire industry, the increase in population will as well lead to the increase of this economic sector.
Supply chain participants that are involved in the agricultural sector, are looking for ways to get technology solution which includes: cloud computing, Internet of Things (IoT) networks and electronic sensors to help ensure that the operations are sustainable both financially and environmentally, with an appeal of a growing consumer brand.

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EXISTING PROBLEMS.

The increase in the demand for global caloric is placing new strains on agriculture. In order to manage vital resources more appropriately, farms seek out new ways to be able to collect and analyse data on the yields of the crop, on soil profile, as well as weather and climate.

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The consistent delivering of goods that are highly sustainable, profitable and of high quality has a great challenge with the presence of constant demand by consumers.
• The increasing cost of demand.
• Farmers remain price takers and not price setters.
• The yield and quality cause competition in a consumer market.
• The availability of regulatory requirements.
• The effective management of the supply chain.
• The differentiation of products and brand.
• Issues that occur due to environmental issues.
• Operational cost as a result of a lab test.

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AN OVERVIEW OF THE PROJECT.

Pavo team has an existing working internet of things software platform that is in deployment in environments like California, USA.

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The project is anchored in two major components that are blockchain enabled and it meets the need of agriculture, and they include:
• A fee-based hardware and software platform for growers which is designed to increase the yield, quality and the transparency of products, the creation of product differentiation and the maintenance of regulatory compliance.

• The presence of a cryptocurrency for the agricultural ecosystem which includes farmers, consumers, local businesses, wholesalers, manufacturers and suppliers and it will be used for a secure, safe, fast and reliable payments.

The Pavo marketplace is usually conceived as a web and mobile application agriculture trading space where consumers, families, distributors, local restaurants, grocers will be able to make a direct connection with farms to be able to buy food and other agricultural products with the availability of unparalleled transparency on their provenance and maturation.

The marketplace will also provide farmers with the opportunity to presell crops through smart forward contracts and it will also reverse a long-standing problem for farmers where they have to wait until after the harvest period to get paid.

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PAVO MARKETPLACE.

The marketplace will become a central hub which is fully powered by the IoT and blockchain data for the token economy.
The foundational technology of Pavo will be able to drive trillions of transactions annually with the feeding of crop data into the marketplace to further foster transparency and the knowledge of provenance of the crop.
The participants of the marketplace will use the pavo token to purchase and sell agricultural crops, data and ancillary supplies.

THE CIRCULATION OF PAVO TOKENS.

The Pavo marketplace will be able to attract participants along the agribusiness spectrum. Farmers will have an idea and therefore want to tap into making use of IoT blockchain solution to produce higher yield, better crop quality that can be sold all through the marketplace.

Families, individuals, local restaurants and grocers will want to tap into the marketplace as this will provide a link of direct communication with farmers.

DESCRIPTION OF PAVO TECHNOLOGY.

The IoT software platform will help the user to:
• Record and monitor real-time production practices through the pavo IoT gateway.
• Record, report and analyse activities from the process of planning to the spray of records to shipping.
• Track the cost of labour and productivity to optimize the resources of humans and related cost.
• Easily measure and track the whole operation of cultivation from anywhere.

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The technological features include the following:
• The software component.
• Hardware and sensors.
• The presence of a highly scalable solution.
• The availability of machine intelligence for agriculture.
• The availability of a simple wallet.
• The functionality of pavo that will solve the industry’s problems.
• An improved utility.
• The review ledger of an ecosystem.
• A decrease in the consumption of electricity and the minimization of waste leakage.
• The presence of green electricity for indoor farms.
• The availability of smart coupons for farmers.
• The availability of smart forward contracts.

THE BUSINESS MODEL OF PAVO.

• The generation of revenue will be as follows:
The Saas subscription fee for the IOT blockchain platform.
Transaction fee for the transactions of the marketplace.
Transaction fees on the sales of forwarding crops.
Professional services.

• The economics of Pavocoin.
The coin will be used for the following:
For the payment of Saas platform subscription.
It will be the preferred method of payment in the pavo marketplace is the pavocoin.
The coin will be the basis for smart forward contracts and smart coupons.
The voting for the distribution of incentives and platform policy.
Voting for the resolution of conflict on the platform, the bounty and loyalty program will be used by the coin.

THE ICO DETAILS.

Crowd sale will begin on the 8th of July 2018.
The crowd sale will end 09.15.2018.

The initial token price will be USD $1.
The pre-sale bonus structure:
When there is a purchase of $500 to $1,000 USD, there will be a bonus of 27% through September 12th.
The purchase of $1,001 to $2,500 USD, there will be a bonus of 30% through September 12th.
For the purchase of $2,501 USD and more, there will be a bonus of 33% through September 12th.

BONUS STRUCTURE FOR the MAIN SALE.

From 09.13-09.24 there will be $1 + a bonus of 25%.
From 09.25-10.01, there will be $1 + a bonus of 18%.
From 10.02-10.08, there will be $1 + a bonus of 11%.
From 10.09-10.15, there will be $1 + a bonus of 5%.
From 10.16-10.22, there will be $1 and no bonus.

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Tokens will be available for purchase all the time.

Features and Capabilities of the Token.

The name of the token is PavoCoin, Pavo.
It will be based on Ethereum.
• The cryptocurrency transactions will be a safe one.
• The desktop wallets for Mac Os and Linux will keep the cryptocurrency safe as well as be allowing easy transfer, viewing of balance and simple use.
• The creation of tokens is with an ERC20 token smart contract.
• The multi-signature accounts will be implemented in two clicks.

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DISTRIBUTION.

Development will have 40%.
The community will have 30%.
Marketing will have 10%.
The administration will have 10%.
Reserve will have 5%.
Legal expenses will have 5%.

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SOURCE

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Authored by: geeboy88
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1874835
Eth Address: 0xdcef7d27bbaae609accdaf43ccf41b042beaffb4

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If the blockchain has something to offer to agriculture, then I am into it. I really like agriculture and I have also been gaining experience and knowledge about cryptocurrency bit by bit. Especially with people like you sharing information about it time to time.
Thank you so much for sharing @gbenga

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