Panama will use blockchain technology to improve food production

The Government of Panama, through the Controlled Environment Research and Production Center (CIPAC AIP), will use block chain (among others) to manage and control the agricultural production of the country. Other technologies that it will also use are: robotics, artificial intelligence, the Internet of Things and big data.

CIPAC AIP, an initiative of the National Secretariat of Science, Technology and Innovation (Senacyt) of Panama, seeks to improve production, competitiveness, food security and social development through productive transformation.

Panama has shown interest in integrating block chain and Web 3.0 in its digital economy. In July, the LATAM Panama 2022 blockchain summit brought together experts from the crypto ecosystem, who agreed that Web 3.0 could exploit the scope of the digital and local economy in Latin America, in addition to the industry’s potential to generate jobs. I will give block chain.

Even JAN3 CEO Samson Mo had an opinion on the matter:

“We are going to see the collapse of the fiduciary system, and the adoption of bitcoin that could be curtailed”, were the words with which the executive president of the JAN3 company and former director of Blockstream raised the public in the convention center of the capital of Panama. . With record inflation figures and a global recession, the world is going dark.

According to the newspaper La Estrella, CIPAC AIP operates with a budget of $19 million from the Development Bank of Latin America (CAF) and its main function is to support producers and academic institutions through research and technology.

There are more initiatives in Latin America block chain related to the agricultural sector. In May, Agrotoken formed an alliance with Visa to allow agricultural producers to buy all kinds of their own products. With this plastic, people who work in the agricultural industry will be able to make any purchase using tokenized grains.

“AgroToken is the world’s most secure and genuine cryptocurrency based on three of the world’s most sought after grains. The association with Visa makes us proud and shows that we have a highly reliable and essential product for the financial sector. creating disruptive change.

Panama will use blockchain technology to improve food production

Another initiative was from the Colombian government, which launched a campaign in 2011. block chain Promote agricultural projects, where it plans to support 10 pilot projects to validate specific gaps in each crop related to its “Agro 4.0” strategy, which will support projects technology block chain, Artificial Intelligence and Internet of Things.

“Facilitating the appropriation and dissemination of 4.0 technologies for agriculture is relevant since it raises awareness of the importance of the sector at the national level and the significant burden it has on the Colombian economy. Promoting this type of projects means learning to promote processes, knowledge management, innovations and good management practices.

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