🔗 Tokenized farming

Hello! Welcome back to the Brazil Agro newsletter. Today, we talk about a use case of blockchain technology for sustainability tracking in agribusiness. If you have any questions or suggestions for this newsletter, you can reach me at [email protected] 

A startup wants to turn farming sustainability into tokens 

Agrotoken, a startup founded in 2021, is leveraging blockchain technology to track and consolidate sustainability certifications across agricultural supply chains, converting them into digital tokens.

The Argentine company has developed tokens pegged to commodities such as corn and soybeans, which producers can use in transactions or as collateral when seeking credit. Eduardo Astrada, the company’s founder and chief executive, told The Brazilian Report that the platform has drawn interest from major agricultural players keen to track their production processes. 

In one project, Agrotoken partnered with a multinational sugar producer to use blockchain technology to track products “from the farm to the soda can,” Astrada said. More recently, the startup collaborated with a global grain trader to create the Traceability & Sustainability Explorer, a customizable business-to-business product designed to help companies monitor their supply chains.

🚜 Brazil Agro