PAVOCOIN( TRANSFORMING AGRICULTURE WITH BLOCKCHAIN)

iamadebolaji (9)in #pavocoin • 7 years ago (edited)

Pavo is a marketplace and cryptocurrency for the entire agricultural ecosystem.The Pavo Marketplace makes it possible for farmers, distributors, suppliers and consumers to purchase crops.The Pavo Coin provides the ecosystem participants with cash-less, friction-less transactions at better prices than they can find elsewhere. Pavo is transforming one of the world’s most important industries, agriculture, by making farmers’ lives easier, and the food on your table taste better.

MISSION

The mission is to bring together the cutting-edge technologies of IoT1 and blockchain, and the extensive experience in crop cultivation we are serving an agriculture (“Ag”) ecosystem focused on highly technologized crop growing, processing, and distribution. We bring the high efficiency of IoT and transparency of blockchain into every stage of the entire lifecycle of agricultural business sectors.

CHALLENGES IN THE AGRICULTURAL INDUSTRY

Rising cost: As food demand is increasing, utility costs – one of the largest expenses for indoor farms, a crucial resource in the face of diminishing arable lands — are rising.
Price taking: Farmers have traditionally been “price takers” rather than “price setters” despite doing the hardest work in the supply chain.
Yield and quality: Growers are striving to produce highyield, high-quality product to remain competitive in a growing consumer market.
Regulatory requirements: The droughts in California and elsewhere have left in their wake a raft of legislation at multiple levels of government, leaving market participants struggling to maintain compliance.
Supply chain: As the industry works to standardize and fully institutionalize food safety and provenance, farmers and other market participants are looking to elevate their game when it comes to sourcing and managing their supply chain.
Product differentiation and branding: Farmers are increasingly turning to sophisticated Consumer Packaged Goods (CPG) tactics, such as stressing quality and purity, to differentiate their products and stand out from the crowd.
Environmental issues. Increased electricity and water consumption due to drought and indoor farms leads to increased greenhouse gas emissions. Further, consumers are concerned about the unintended environmental side effects of solutions and nutrients used to nurture crops.
Lab Testing. Testing for food safety compliance, a cost often measured in the tens of thousands of dollars per crop, further adds to indirect operating costs.

PAVO SOLUTIONS

Pavo provides a solution that is responsive in many ways to the challenges facing the agriculture industry and the high value crop industry in particular:

A software solution that helps with regulatory compliance from seed to market.
A solution that helps farmers better manage the costs of labor, supplies, water and electricity.
A way for farmers to better track their product and test results, and to better brand themselves as providers of a safe, high quality, environmentally friendly product.
A secure digital cryptocurrency to obviate the problems and help farmers with innovative financial services.

TECHNOLOGY

Farmers 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 component exists and is deployed at three farms in California, USA. The existing Pavo IoT software platform helps the user:

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.

HOW DOES PAVO WORK?

Soil sensors are placed into the soil close to the plants, and CO2 sensors located in the room where the plants are grown regularly collect sensor data. This information is then transmitted through the gateway into the data storage from which it is presented to the user through an intuitive and user-friendly interface. The user tracks the information and uses it to optimize the whole growing cycle by ensuring that vital crop measurements stay within optimal ranges.

THE SOFTWARE COMPONENT

Pavo is focused on delivering compliance, smart contract and yield management capabilities to the agricultural industry by transforming its clients’ data into actionable intelligence and catapult them into the 21st century. By collecting and consolidating information from “things” with the intelligent IoT blockchain platform, Pavo’s clients can transform raw data into a mission-critical operational decision support tool. By gathering crop, supply chain, and other ecosystem data within the Pavo platform, we provide our clients with more than just reporting: advanced analytics, predictions and optimized operational systems are now possible. Our clients will ultimately be able to move away from making guesses to making data-driven decisions that counter-balance margin-reducing trends such as lower wholesale prices and higher electricity costs. We provide a single point of truth for the grower with immutable authenticity.

THE HARDWARE AND SENSORS

Pavo provides an intelligent platform that automates the collection, transmission and analysis of environmental (temperature, humidity, pH, CO2 content), soil, fertilization and irrigation data streams in a secure manner with wireless, ultra-low power sensors. This functionality is complete and is already being deployed by farmers. The data collected is used to examine the crop environment by applying cloud-computing, edge-computing and big-data analytics to create methods that will improve production efficiency. The platform is designed to manage and integrate with internal and external processes such as control systems for production, irrigation, climate; API management for logistics, access control, biometrics and compliance among other third-party applications all while securing data, managing connectivity and giving the user real time access with a mobile application. With high value crops and indoor farming, security is of paramount importance. Existing solutions are fragmented, disconnected, and costly to maintain. Pavo takes operational security very seriously. Development plans include support for cultivator identification and authorization per farm or indoor zone, automatic and ad-hoc audits as well as incident alerts for added safety and security.

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