Venezuela, despite all the economic struggles is enduring, is finding its way to organically grow its economy to at least satisfy all the basic needs.
One of the issues we're dealing with on daily basis, is the lack of cash liquidity. We are using the US Dollar as de-facto currency to exchange for good and services. If not directly, indirectly by taking the black market's price as reference when using Bolivares, our main currency.
There is a situation going on when it comes to trading for goods in cash. If you go to a bakery shop and you want to spend $5 but have a $10 dollar bill, you would probably end up spending everything or not buying anything at all because the establishments "don't have" change. So the solution would be to sell the $10 in the black market to get Bolivares so you can buy your goods but lose the change in $ so you have to quickly spend the Bolivares because our currency devaluates every hour. A hard task for just going to buy some stuff at the damn bakery shop.
A couple of days ago I was talking to a friend that just opened a new business, a liquor store with a little closed space with music and amenities, disco like. He told me he's planning to create is own currency to improve the trading of his goods. As we were speaking I pitched him up the idea to tokenize his business.
Since I started blogging and knowing more about crypto, I always wanted to take the leap and venture in the endeavour of tokenizing business establishments.
Venezuela is in a unique situation where we don't any regulations. The "government" seems ok with the use of crypto and have not putted their hands yet when it comes to hard regulations. We are a country that is the guinea pig experiment for crypto use case and mass adoption.
I really would like to take the leap and start this venture, I'm planning on tokenizing my own product so I can set the example and have more material when I start pitching the whole thing to businesses. I know some local owners and have good relationship with them. I didn't start this before because I was afraid of succeeding rather than failing. Not today, not now.
There are so many ideas that I have. Imagine a liquor store with NFTs of products of their inventory, you buy the NFT you trade it for the good. Nice and easy. The thing is I lack of knowledge I'm technical standpoint. I guess I have to search for counseling or a partner.
I will be talking more about this as I form the body of this venture.
As for know I would like to ask the community about what tools related to Hive, Leo I could use to sell better this idea. How would you it? Regards!
HIVE ON AND ROAR WITH LEO!!
Photo by mark normand from FreeImages