Pavo Coin: Internet Of Things Blockchain Token For AgTech?
Pavo, found online at PavoCoin.com, aims to create an IoT blockchain for the agricultural technology ecosystem. Find out how it works today in our review.
What Is Pavo?
Pavo is a blockchain-based cryptocurrency and IoT software platform targeted at the multi-trillion dollar global agricultural technology industry. The goal, as you might have guessed, is to increase operational efficiency for agricultural companies. Pavo will do that by lowering costs and increasing yields for participants across the industry.
The company was founded in December 2017. They’re headquartered in Zug, Switzerland (also known as Crypto Valley). Pavo has partnered with ICOBox to launch the platform. ICOBox offers SaaS solutions for ICOs, and Pavo will use ICOBox’s services to launch their token sale.
A pre-sale for PavoCoins will begin on March 15, 2018.
Pavo will not initially target the entire agricultural industry as a whole. Instead, the company plans to target the legal cannabis sector of the market.
How Pavo Internet Of Things Blockchain Token For AgTech Works
Pavo will initially target the legal cannabis segment of the agricultural industry. The goal is to help growers run their site operations and manage their supply chain. Pavo will also offer a cryptocurrency for the entire B2B cannabis ecosystem.
That cryptocurrency could be used by all participants in the legal cannabis industry, including growers, wholesalers, dispensaries, infused product manufacturers, and others. These participants can depend on Pavo’s cryptocurrency as a secure, safe, and reliable payment method.
Obviously, the legal marijuana industry is one of the biggest areas of potential growth for cryptocurrencies: legal manufacturers in states where marijuana is legal are often unable to access banking services because marijuana is still banned at the federal level. This has pushed many members of the industry into cryptocurrencies and other alternative payment methods.
Marijuana industry participants face other problems: even in situations where marijuana is legal, it’s regulated very heavily. Medical cannabis producers have no room for error. The law makes it paramount that licensed producers adhere to high quality standards in terms of security, manufacturing, record-keeping, and quality. All licensed producers are responsible for controlling their supply chain. Failure to meet these strict requirements may lead to the loss of a license.
Beyond just helping companies manage regulatory requirements, Pavo will help cannabis growers improve their crop quality.
Overall, Pavo wants to improve all stages of agricultural production – starting with the legal cannabis industry. Pavo will provide taxation and regulatory compliance, for example, as well as cost management, inventory control, growth reinvestment, and more.
To solve all of these problems, Pavo will implement a leading blockchain-based system. Cannabis growers – and other members of the agricultural industry – can use this system to manage their business from sale to sale, ensuring authentication, confidentiality, and accountability while making smarter, faster, and more sustainable decisions from both a business perspective and an agricultural perspective.
That blockchain-based system will really on IoT devices – including smart devices. These smart devices could be used to measure growing conditions, analyze growing patterns, track crop activity, and track the movement of items through the supply chain.
Pavo already has a pilot program with growers in the San Francisco Bay area. After the ICO (scheduled for March 2018), Pavo will drive adoption of 500 grower sites in the first 12 months, with 1,000 by the first 18 months.
The ecosystem will rely on PavoCoin tokens for all transactions.
Pavo Coin ICO Details
PavoCoin, or simply Pavo, is a functional usage coin that allows producers to accept digital payments from customers and community members.
On February 21, it was announced that Pavo had partnered with ICOBox to launch their mid-March ICO. ICOBox will provide technical, legal, and marketing services for Pavo as it prepares for its ICO.
Pavo aims to collect $65 million through its ICO for PavoCoin tokens starting on March 15, 2018.
As of February 27, 2018, there’s limited information about the PavoCoin token sale (or any aspect of the company) available online. However, we expect that to change as we get closer to the sale date. You can whitelist yourself for the token sale by visiting PavoCoin.com.
Who’s Behind Pavo?
Pavo is led by CEO Erhan Cakmak and CMO Dave Dabbah.
Erhan Cakmak is an international business executive who has 20+ years of experience building successful companies. He previously served as COO of N3N, COO of Bright Pattern, Inc., co-founder and president of Bright Pattern S.A., and Managing Director of Solint Systemintegrations GmbH. He’s a Stanford University graduate.
Pavo is headquartered in San Francisco, California. The company was founded in 2018.
Pavo Coin Conclusion
Pavo aims to boost the efficiency and yield of agricultural operations through the use of blockchain technology. Pavo will use blockchain technology to help agricultural industry participants manage regulatory compliance. A blockchain-based currency called PavoCoin will also be used to facilitate frictionless payments across the industry.
Pavo will initially focus on the world of legal cannabis production, helping growers around the world navigate complex regulatory requirements while also increasing the yield of agricultural production.
A token sale for PavoCoin tokens begins on March 15, 2018. To learn more about Pavo and its token sale, visit online today at PavoCoin.com.