Panama Will Use Blockchain Technology To Improve Food Production

The Government of Panama, through the Controlled Environment Research and Production Center (CIPAC AIP), will use block chain (among other things) to manage and control the agricultural production of the country. Other technologies will also be used: robotics, artificial intelligence, the Internet of Things and BigData.

CIPAC AIP, an initiative of the National Secretariat of Science, Technology and Innovation (Senacyt) of Panama, aims to improve production, competitiveness, food security and social development through productive transformation.

Panama has expressed interest in integrating block chain and Web 3.0 in its digital economy. In July, the LATAM Panama 2022 Blockchain Summit brought together experts from the crypto ecosystem, who agreed that Web 3.0 could explode the field of digital and local economy in Latin America, in addition to the potential for creating industry jobs. will give Block chain.

Even JAN3 CEO Samson Mo had an opinion on this:

“We are going to see the collapse of the fiat system and the adoption of bitcoin which could be restricted, these are the words with which the CEO of JAN3 Company and former director of Blockstream lifted the audience at the convention center of the Panamanian capital. With record inflation numbers and a global recession, the world is turning dark.

According to La Estrella newspaper, CIPAC AIP operates with a budget of $19 million from the Latin American Development Bank (CAF) and its main function is to support producers, academic institutions through research and technology.

There are more initiatives in Latin America block chain related to the agricultural sector. In May, Agrotoken formed an alliance with Visa to allow agricultural producers to purchase all types of their own products. With this plastic, people working in the agricultural industry will be able to make any purchase using tokenized grains.

“AgroToken is the world’s safest and most authentic cryptocurrency, based on three of the world’s most sought-after grains. The association with Visa makes us proud and shows that we have a very reliable product which is a must for the financial sector. create disruptive change.

Another initiative came from the Colombian government, which launched a campaign in 2011. block chain Promote agricultural projects, where it plans to support 10 pilot projects to validate the specific shortcomings of each crop related to its “Agro 4.0” strategy, which will support projects Technology blockchain, Artificial Intelligence and Internet of Things.

“Facilitating the appropriation and dissemination of 4.0 technologies for agriculture is relevant because it raises awareness of the importance of the sector at the national level and the significant weight it represents for the Colombian economy. Promoting such projects is learning Promoting processes, knowledge management, innovations and good management practices.


All information contained on our website is published in good faith and for general information purposes only. Any action taken by the reader on the information found on our website is strictly at his own risk.

Comments are closed.