What Is Producers Market?
Producers Market is a global platform that seeks to solve the problem of producer exploitation through the decentralization, digitization, and tokenization of the agricultural value chain via the FarmToken. The platform will also eliminate cost centers and create direct marketing and financing opportunities for the producers.
Additionally, the Producers Market aims at shifting the supplier power back to the producers and in doing so, enable the producers to access various marketing channels and social finances from a competitive marketplace.
This will increase the efficiency in the agricultural industry that will benefit the producers since they will be able to acquire more profits, consistency, and access to resources. It will also increase the transparency and visibility of products to the buyers.
How Producers Market Blockchain Food Tracking Project Works
The Producer Token Smart Value Chain features sale channels and in each of the channels, there will be wholesale buyers. The main purpose of the Value Chain will be to enable the producers on the platform to match their output with potential buyers that meet the requirements that the producer has put in place.
Producers will be incentivized to participate on the Producers Token platform through innovative technologies around cryptocurrency, smart contracts, traceability, peer-to-peer financing, universal funnels, data analytics, and social media. The platform’s technology pairs with some of the best companies and products as a foundation of the digital tool kit. The tool kit is then used to ensure the producers benefit the most on the platform.
The platform is integrated with a cryptocurrency wallet that facilitates all the transactions between the producers and the buyers. All the transactions on the platform are undertaken using the Producer Coin. The smart contract dashboard based on the Distributed Ledger Technology will record all the communication, agreements, and transactions that clients have with the producers.
Producers Market will feature a global marketplace where users could access Peer to Peer financing and other social lending services that reduce the cost of purchasing orders and invoicing financing. Similarly, the producers physical assets will be tokenized, which will simplify the process of capital resource expansion and liquidation through crowdfunding.
During the purchase of agricultural produces, the producers set the price in US or other Fiat Currency. Once all the parties fulfill their obligations listed in the smart contract, the system executes transaction and the producer receives the payment in digital currency via the Producers Market platform. The producers can select the currency in which they would prefer to receive their payment.
Producers Market Benefits
Lack Of Intermediaries
Producers Market eliminates intermediaries in the agricultural industry, which will result in maximized profits and create a transparent and cost saving network of united producers.
The advanced distributed ledger technology will make it possible for producers to confirm the origin of their produces as well as their value chain to their potential buyers or customers at minimized costs.
The decentralized Producers Token database organizes and analyzes all the transactional data on the value chain in order to provide producers with marketing analytics and key data points that they can use to maximize the profitability of their operations.