Blockchain has managed to grow to become one of the world's leading platforms for managing digital assets. Its feature of public leger allows it to be applied to a variety of industries and can be used for creating innovative projects. It has led to the world of cryptocurrencies and has given us Bitcoin and Ethereum as well as the Smart Contract technology.
By using the technology of blockchain, ATFS will be a project that addresses the problem of limited food and reduced agriculture production that our world currently faces. It is a decentralized platform which is built on Ethereum Blockchain and Smart Contracts.
About the project
According to the ATFS website, their project is the world's first decentralized AgriTech & Food Science crowdfunding project built on Ethereum Blockchain and Smart Contracts.
With the help of their token finance establishment of Smart Farm 2.0, development of Disruptive Decentralized Platform, and production of Plant-Based Meat, ATFS will provide an all-round solution to the world's growing food crisis by providing viable technological options in agriculture, new revenue base and supply systems, and a socially acceptable alternative to meat consumption.
This project will tie up with the already existing technology of blockchain and bring about a new ecosystem that will help the current world problem of growing needs and demands on the diminishing agricultural sector. Their current target market includes Asia, which they will then expand the rest of the world.
How it works
By creating an ecosystem with the Smart Farm 2.0, ATFS tokens, Disruptive Decentralized Platform, and Smart Contracts, ATFS will be able to create an efficient, secure, and thoroughly connected system for their business model.
By using the Smart Farm 2.0 feature, ATFS will be able to combine information, technology, communication, Internet of Things, Big Data and more within the agriculture industry. It will be capable of tactically and automatically controlling various aspects of the intelligent farm such as temperature, humidity, climate, sunlight, carbon dioxide, water and so on.
Moreover, with the help of big data analysis, Smart Farm will be able to optimize the growth environment and direct specific controls based on information collected and its analysis. This will definitely help to maximize the productivity, efficiency, and quality of the agricultural products.
The second important part of the project includes the Disruptive Decentralized Platform. This is an integral part as it will make the distribution process straightforward and uncomplicated for farmers and consumers. According to their whitepaper, the Disruptive Decentralized Platform is an easy-to-use platform with convenient access running on the apps and web anytime, anywhere. It will even be using cryptocurrencies such as Bitcoin, Ethereum, and all ERC20 as well as fiat currency for all payment transactions.
The next part of the ATFS's technology includes using Plant Based meat as an alternative to protein supplements that are usually supplied through animal-based food products. This technology will employ biotechnology and synthetic biology along with agricultural cultivation capability and technology accumulated from the Smart Farm 2.0 operations.
Problems solved through ATFS
The world population has been estimated to reach 9.7 billion by 2050, at the current growth rate. This would imply that food growth will have to increase by a total of 70% to meet the expectations of a larger population. Due to increased urbanization in the developing countries, people's food demands have seen a drastic increase.
The food demand of the current population includes that of plant-based greens and protein from meat. The developed world is obsessed with protein, with the average person in the U.S consuming double the recommended amount. This has had a spillover trend in developing countries such as China and India, where people with rising incomes are consuming more and more products.
It is also important to note that as the overall population increases, the aging population increases as well. This is the current problem that countries like China and Japan face, as there is an increase in the population dependent on agriculture but unfit to be involved in the production process.
ATFS has developed an ecosystem that will help solve this problem with the help of technology and the internet. It will help to inculcate technology in the field of agriculture and help its overall expansion in the world. They want to expand this model to the rest of the world so that the major issue of limited resources and growing wants can be addressed in the best possible way.
Conclusion
The advantage of the application of ATFS is numerous. It will help solve a global problem which will end a major crisis that currently exists. Food shortage is a problem that has been faced before, and at the current rate of development and increasing population, may be faced again.
However, with the help of technology and science, this future could be avoided. ATFS plans to use the technology of blockchain and smart contracts to develop a viable alternative for in-demand food products.
There currently exists a strong demand and need for a platform like ATFS, and it will no doubt prove be a promising investment for investors and users alike.
For more information visit:
Website : https://www.atfslab.io/
Whitepaper : https://drive.google.com/file/d/0B1_5EC8xe5GHTi1aZWxER3ZhS0E/view
Published By: Kishan748
Btalk profile: https://bitcointalk.org/index.php?action=profile;u=1027561