A good prospect for those who are looking for emerging agri tech business. A way to tokenized every crop products available on the market.
Yes, and I read on VentureBeat they're going to accelarate agri tech companies
But how will it work? The Platform is meant for agricultural companies not agricultural technology companies, isn't it?
You can find it in the
WhitepaperHere is the relevant part.
At the initial stages, Smartlands intend to create an ecosystem of agtech companies - partners of the Platform, which in the future can be developed into agtech accelerator.
Such a partnership will allow the Platform to be always at the center of innovations in this field and to achieve integration with the information systems of ABT issuers as complete, reliable and effective as possible.
For agtech companies, cooperation with the Platform is an additional way to find clients and possibly investors, as investors in agricultural assets are also often interested in investing in agtech companies.
For ABT investors, the cooperation of the token issuing company with the agtech company from the Platform's ecosystem is an additional confidence in the correct use of the investments attracted by the agricultural companies. First, the risk of overstating the cost of implemented systems is significantly minimized. Such cost overstating is commonly used for improper withdrawal of investors' funds from the account of the company that attracted investments. Secondly, the risk of non-fulfillment of obligations by agtech company is reduced. Non-fulfillment of obligations may entail a lack of improvement in the efficiency of the token issuing company, accordingly reducing the income and profit of the asset, parts of which are allocated to investors.
For agricultural companies, cooperation with the agtech company from the Platform's ecosystem is the confidence in achieving contractual obligations by the contractor and larger amount of investments that can be raised, due to greater investors’ confidence in the effective use of the ICO proceeds.
Thus, each of the parties of the ecosystem involved has an interest and benefit from cooperation, that makes us optimistic about the success of the establishment and development of such an ecosystem based on the Platform.
Here is the link 