AGH - Agtec Hemp is about to embark on an exciting adventure in Australia.First: It will deliver a convincing case for the mass-reintroduction of hemp into what, for almost 80 years, has in Australia been a traditionally reluctant market.
Second: It represents an opportunity for investors to become pioneers of Hemp and blockchain technology utilising the DPoS platform, and therefore to bear witness and play an integral and important role in the creation of the first hemp backed coin in the world.
Our goal is to be the largest producer, processor and supplier of certified organic hemp and hemp products in Australia.
AGH plans to start up as a hemp seed contracting and processing company, a processor and distributor of organic hulled hemp seeds, hemp protein, hemp floor and hemp seed oil.
In addition to being focused on the production and sale of hemp seed-based products to markets across Australia, Europe, North America, Latin America and Asia, AGH - Agtec Hemp plans to utilise the very substantial qualities of CBD (cannabidiol) containing hemp biomass that is currently being unutilised.
AGH intends to extract, refine and productise the organic hemp biomass into a wide range of organic CBD based wellness products to generate significant revenue streams in this burgeoning market. With increasing recognition of the medical and general health benefits of CBD based products; AGH continues executing on a CBD focused strategy that covers the entire value chain, from supply, through genetics research, to product development and distribution to various domestic and international markets across five continents.
Further to the CBD related market potential, hemp is an increasingly sought after food supplement and meat substitute for the large and rapidly growing health food, vegetarian and vegan markets, due to its high protein content.
From farm to plate via blockchain: Solving hemp’s supply chain problems one seed at a timeAGH plans to form part of a digital solution, improving operations and supporting hemp farmers and supply chains in a number of ways.
AGH could take a batch of organic hemp seeds from on-farm, all the way through to the retail consumer and capture that data and store it using blockchain technology in a way that was immutable and completely verifiable and transparent to participants.
Once the hemp product reached the end consumer, they could look at the digital asset and see the entire provenance, production, and processing information.
AGH is well-positioned to take advantage of new technologies in agriculture.
Agriculture supply chains are incredibly complex. Agriculture is the least digitised industry - agriculture missed out on a lot of the benefits of the internet the first time around, simply due to a lack of connectivity and AGH is really determined that agriculture doesn't miss out again.
AGH has isolated two key challenges that have long-plagued the grains industry and growers globally:
- Matching title transfer of the grain asset to payment;
- Supply chain provenance and traceability.
AGH has created a coin to represent digital title to hemp seeds.
Instead of handing around pieces of paper between participants along a supply chain, and moving it around on site between accounts, the coin sits on a blockchain, meaning everyone that needs to see that information can see it and trust it.
At the moment, all we can rely on really is what the person one transaction down a supply chain tells us about an asset - we have to trust whoever has put that label on is telling you the right thing, with blockchain, AGH can create digital hemp that can talk to us and it can share its history and information.
AGH Blockchain also enables the farmers to make better and more informed decisions around where to sell their commodities.
With AGH, the digital asset can become a platform on which analytics tools, marketplaces, financing platforms, and the like can be built.
AGH Blockchain offers a redistribution of power in the agriculture supply chain, by shifting how trade finance is viewed and giving more control to the farmers.
AGH TechnologyAGH is based on the DPoS (Delegated Proof of Stake) consensus algorithm. This algorithm maintains irrefutable agreement on the truth across the network, validating transactions and acting as a form of digital democracy.
Coin SupplyFor all intents and purposes, the total supply of AGH coin during the formative stages of the network will be pre-mined to one billion (1,000,000,000) AGH + one hundred and fifty million (150,000,000) AGH via forging (DPoS).
Coin SaleIn order to launch and grow the AGH decentralised network, AGH is undertaking a coin sale that will provide institutional and individual contributors with the opportunity to participate in the AGH project. AGH coin will be sold at $0.10 (0.10 US Dollars) throughout the crowdfunding duration.
Funds will be used to establish AGH as a hemp seed contracting and processing company, a processor and distributor of organic hulled hemp seeds, hemp protein, hemp floor and hemp seed oil.
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