A recent study highlighted by FarmingUK shows that one fifth of UK farmers are exploring alternative revenue streams to remain financially healthy. And by diversifying into sectors such as renewable energy, holidays and leisure activities, British farmers need to be more creative to do so.
It is in this context that an ICO, Fieldcoin, has proposed a new approach to the exploitation of blockchain technology to support agribusiness at a time when the current national policy for rural areas seems to be constantly evolving.
One in five UK farmers plan to diversify to make farmers economically viable without direct subsidies after the UK left the EU, @NFUm the search revealed https://t.co/IwMs6ruJaj
– FarmingUK (@FarmingUK) 3 November 2018
Blockchain inspires new options
As the Brexit agreements with the EU are few and far between, the UK governmental bodies are holding consultations with farmers on how to replace the grants they currently receive in the Common Agricultural Policy (CAP) dell & # 39; EU.
The reactions to the new government proposals were summarized by the former British diplomat and vocal supporter, Emyr Jones Parry, who told the BBC that the farmers had "He hated the CAP [but] what will happen will be just as serious if not worse ".
Entering this void, the Fieldcoin project team proposes a new blockchain-based market to connect landowners with investors to simplify the process of acquiring, renting or managing land and investing in agro-industrial projects.
Two tokens will be working on the Fieldcoin platform, both of which will be linked to the Ethereum blockchain. The FLC ERC-20 token is available in the initial sale and will be used to power the ecosystem, while a non-fungible token ERC-721 will guide intelligent contract-managed agreements used for specific plots of land.
The public presale, called Field Coin Offering (FCO) compared to the usual ICO, begins on November 26th and will end on December 4th. Only $ 1 million of the FLC token will be available during this phase for $ 0.05 each and 100% bonuses will be applied.