The Fieldcoin Ecosystem – More than Simply a Land Management Platform
By now you will have likely heard of the Fieldcoin land-tokenization project that promises to revolutionize the agricultural land ownership market via blockchain integration.
Fieldcoin has spent the past few years developing a blockchain-based system that aims to make swathes of agricultural land available for purchase by small and large scale investors globally. Through the development of a method of investment that utilizes virtual tokens, Fieldcoin makes previously unattainable land available to any investor without the need for complex international tax and legal concerns.
The online platform provides an international marketplace where investors and landowners can easily enter into trade deals irrelevant of their geographical location. Above and beyond this core business service, Fieldcoin has also developed an entire ecosystem to support a host of additional real-estate and business-related services.
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The Fieldcoin Ecosystem
The Fieldcoin Ecosystem defines the processes by which investors can use their Fieldcoin (FLC) tokens to claim land, tokenize their assets and conduct further activities such as crowdfunding and management services.
Following the initial acquisition of FLC tokens in the Fieldcoin fundraiser, separate LAND tokens are created and distributed to investors which represent a percentage of physical agricultural land. This fully integrates an investor into the Fieldcoin system and opens up all services on the management platform. During integration, all relevant legal and ownership information is recorded onto the blockchain for secure storage and availability.
Once an investor has taken ownership of land in the form of an asset, they can then utilize that land for additional services, such as crowdfunding or as collateral for loans. The ecosystem can further be leveraged as a platform to launch projects focused on the betterment of services in the agribusiness sector. Everything from supply chain logistics to crop and seed quality can be researched and improved through Fieldcoin’s proprietary system.
New technologies such as sensors and drones will eventually give landowners a far greater ability to monitor and manage all aspects of the development of their property. With the addition of blockchain technology, detailed information and statistics can be made available on a global scale to investors, farmers, and landowners.
Growth Opportunities in 3rd-world Nations
Part of Fieldcoin’s business model involves reinvesting funds back into the improvement of work conditions for farmers in developing nations. A percentage of profits accrued through Fieldcoin’s operations will be used to promote education and employment in areas where land is purchased.
Fieldcoin will work towards funding projects to improve the supply of basic utilities such as water and electricity to those who need it most. Logistical concerns such as transportation routes and road infrastructure will also benefit from additional Fieldcoin funding.
Following the successful completion of its second pre-sale round this April, Fieldcoin intends to launch the beta version of its operational platform in Q3 of this year. Closely following that, the company will tokenize its first pieces of land before the launch of the official Field Coin Offering (FCO) on October 8th.
The Field Coin Offering will run until February 12th, 2020, during which time Fieldcoin will work on the mapping of farmland across Western Europe. In Q1 and Q2 of 2020, the full versions of the Fieldcoin phone apps and the final desktop platform will be launched.
Recognition in Media and Events
Fieldcoins revolutionary agriculture ecosystem has been featured on a number of high-profile media platforms, including Tech London, El Economist, Hackernoon and ICO Examiner.