PLAAS is seeking to leverage blockchain technology by providing all the players in the African agricultural sector with a platform where they can store and share information about crops and animals securely. The platform works by using blockchain technology to store sensitive agricultural data like the breed and ancestry of animals to help buyers identify the traits of the animals that they are buying.
Additionally, the platform also provides information on plants and animals to keep track of the food security in the country remotely. This is done by leveraging RFID information and combining it with blockchain technology to ensure all the animals in the platform can be tracked, and their genetic information is available to users.
Explaining the RFID this how it will be working
We will be chipping animals recorded in the platform using the Radio Frequency Identification (tech) so the details contained in the RFID will for example be cows date of birth breed and heredity details healthy history and also geolocation information
When a cow is at the slaughter house the machines can scan the chip which is basically an ethereum address and can review all the data there…
The slaughter house will have a private key that signs the ethereum address and signals on the Plaas smart contract to reduct the ethereum address
This done to confirm if the information about that particular cow is true and then can save the transaction hash and ethereum address on the database
Remit payment in the online market place
The platform will also provide an online marketplace for buyers and sellers on the market who can use the native PLAAS coin to remit payments
As grant to farmers
in the platform
Plaas will reserve 20% tokens as grant to farms as loans to improve their farms
Pay to view another
a digital token of cryptocurrency that is issued in order to fund development of the cryptocurrency and that can be later used to purchase a good or service offered by the issuer of the cryptocurrency sold utility tokens as a method of fundraising for the start-up.
Plaas will use an ICO to crowdfund the development and the completion of the platform. The smart contracts will be initially developed by the organization, but the platform development will be funded through crowdsourcing.
In order to make PLS token distribution process more efficient, the PLS price will be :
- 50 million Token
- 37 125 000 Token sale
- $15 076 000 Hard Cap
- $0.5 - Token price
- 75% Token Sale
- 10% Team
- 7% Investors & Advisers
- 3% Marketing & Bounties
- 5% Ambassadors