Introduction:
Agriculture accounts for 1/3rd of the global GDP, despite this it is one sector which hasn’t seen much advancements in terms of technology, A trillion dollar Industry just in the U.S. , it is soon going to witness a massive change with Pavo spreading its wings from California to the entire nation.
Pavo has presented a solution which not only justifies the need for IoT based technology in the agriculture sector but also combines its technology with Mobile Edge computing, cloud computing, Application Programming Interface to serve the needs of the entire agricultural sector, from the farmers to the consumers. This team has already built monitoring systems for almonds, hazelnuts, and walnuts for the European market.
The IoT solutions by Pavo were developed in 2017 and were extended for use in the production of almonds and grapes in California, USA.
Pavo’s cryptocurrency which will act as a direct interface between the farmers and the consumers; eliminating the need for any middlemen, getting the best price for the product, for both the farmers and the consumers will be launched this year, it is based on none other than the blockchain ethereum ERC20.
The need for Pavo:
With the steadily growing population of the world, the demand for food and agriculture is expected to increase by almost 100percent in 2050. According to the United Nations, by 2030, 40 percent of the global world demand may not be met. On an average 70 percent of the world’s water is used in agriculture or farm needs. Water is just one of the vital resources we need to use sustainably and conserve. This can only be achieved by continuous overall monitoring of the entire growing crop at all stages.
With the rising demand will also come the hike in prices of production, testing and the demand for high yield and quality will increase as well. With the help of sensors deployed in different parts of the farm to continuously monitor, various parameters of the region the crop is growing in, a majority of these factors are complied with.
Farmers usually have to wait for the crop to yield to get paid, but with Pavo’s smart contracts enabled Pavo coins, the consumers can pre-buy the produce, these funds can be beneficial for use of small and mid-size farmers who lack financial security.
ICO details:
Pavo plans to issue a total of 200 million Pavo coins as an Initial Coin offering (ICO), through a completely transparent and controlled release of tokens at different intervals, through 2 public presale events and one main sale event.
Pavo has no central authority and in its decentralized system, the network carries out the issuing of coins, which can be bought from any major cryptocurrency wallet, given that the token buyers are registered at pavocoin.com and have completed their KYC procedures.
As its commitment to the cryptocurrency, Pavo wants to make sure its ICO sale doesn’t affect the price of other coins and therefore plans to convert ICO proceeds to flat currency and distribute it through multiple cryptocurrencies and exchanges.
Future Research and Development:
Once Pavo has grown to a maximum number of agricultural sectors and farmland in the USA, it will extend its reach to indoor farming.
They also plan to include sensors which can compute parameters like luminosity, contaminants, water quality parameters, such as pH, ORP and salinity, along with the use of artificial intelligence which will help automate the systems and eliminate human labour to comprehend the data provided by the sensors and adjust external factors like light, soil quality.
Conclusion:
Pavo is looking to automate, decentralise and improve a billion dollar industry, whose need and importance is inevitably going to increase over time, with its excellent combination of sensors, blockchains and AI technology it will help not only ensure the production of food at its highest efficiency but also eradicate overuse of natural resources, which is crucial in maintaining the ecological balance in the environment, the ico offerings for this company may see investments from companies which deal in processed food items and large grocery chains.
For More Details Visit
Website - https://pavocoin.com/
Whitepaper - https://pavocoin.com/doc/PAVO_whitepaper_en.pdf
ANN - https://bitcointalk.org/index.php?topic=3227901
Telegram - https://t.me/pavo_en
Published by - Pooja Jur
Profile - https://bitcointalk.org/index.php?action=profile;u=1217469