Latest Agricultural Innovations by KNL – scoot eric
Utilization of Blockchain technology can not be doubted anymore. This is because the scope of knowledge and its use is so broad. With technology, the team of experts can indirectly overcome social problems, such as the increasing number of crisis of trust between people. This can be seen from a number of platforms engaged in the field of financial management, where this management is carried out with proper authorization and calculation.
At present, KNL as a Blockchain technology platform has also been used to spread agricultural trade. If all this time we have only heard of the Blockchain technology platform exchanging currencies with the same value. So now KNL has a different system, where its KNL (cryptocurrency) currency can be exchanged for agricultural products.
Basically, the background to establishing KNL is to improve farmers’ welfare and yields. To be a successful farmer is not easy. If we have only seen farmers as people who have a low educational background and only dwell on the water and arable land. Then it’s time we change that thinking. Because without a farmer, we may not be able to meet our nutritional needs in a healthy manner. In addition to the problem of suitable planting, farmers will also face a variety of problems that can not be predicted. For example, such as weather conditions and natural disasters that cannot be calculated or predicted accurately. Therefore farmers must also find a number of solutions to solve the various problems they face.
One way out taken by farmers is to apply for a number of loans to the bank. This loan application can be processed if the farmer is willing to provide collateral for valuable assets he has. Usually farmers will pledge their fields or arable land. Then the bank will provide loans in amounts below the selling price of the pledged assets. However, at present many farmers do not own their own land but only rent land owned by others. Yet if we analyze, the farmers’ yields are very potential.
Seeing a number of problems that are often faced by farmers. So KNL offers a loan program, but has different rules, namely by using a cryptocurrency currency that has Blockchain technology. The first stage the farmers will apply for loans, then the team of experts who have expertise in agriculture will do a number of analytical calculations to estimate the amount of yield. For example, if farmer A requests a loan of $ 10 million, then automatically the farmer’s yield must also be above the value of $ 10 USD. This is done as a form of anticipation of the KNL if later the harvest that is produced experiences a decrease in selling prices on the market. When a farmer receives a loan from the KNL, what he guarantees is not his valuable asset, but the future harvest. Furthermore KNL will record the calculation of the harvest into cryptocurrency. For example, $ 10 USD is valued at 20 KNL. The yields which have been valued by KNL tokens will then be traded by KNL to a number of investors. When an investor submits a purchase, then what he gets first is not the harvest, but he will get 20 KNL tokens that can be traded on the cryptocurrency market until waiting for the real harvest to come.
The loan system offered by KNL is certainly one type of loan that is very different from the bank loan system or other loan systems. Because what investors get directly is not the yield but the KNL token which has a high investment value. We can say this lending system as a fast lending process.
So far, we only know that the hospital is one health institution that needs everything quickly, both in terms of equipment or medical management. The same thing is experienced by farmers, where he also needs fertilizers and modern agricultural tools that have sophisticated technology immediately. Indeed, at present the government has made many agricultural assistance programs, but farmers also cannot depend on this program. Because in general this program is not carried out evenly and also uses a limited budget. Where this policy depends on the country’s economic system itself. Therefore we can automatically say that KNL has helped the government in terms of equity in the welfare of the world’s farmers.
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