Producers Token and Holochain Partner to Offer Agricultural Producers Easy Access to Cryptocurrencies and Distributed Ledger Technology Holochain Design Follow Sep 19, 2018 · 3 min read

Agriculture Producers Can Reap Benefits of Collaboration Promising Greater Transparency, Accountability and Interoperability in Online Agricultural Exchanges

SAN JUAN, PUERTO RICO — Sept. 18, 2018 — Integrating distributed ledger, financing, and marketing technologies to reimagine the agricultural value chain, Producers Token today announced a partnership with Holochain, providers of a distributed web architecture and distributed ledger technology with user autonomy built directly into its protocols. Producers Token is building a global peer-to-peer marketplace for agricultural producers and incorporating Holochain’s software architecture into its existing technology stack.

Holochain and its method of cryptographic accounting solve the inefficiency and scalability issues innate to blockchain and direct acyclic graph technologies. Furthermore, Holochain architecture allows for the creation of value-stable asset-backed cryptocurrencies. The first of these asset-backed currencies, HoloFuel, which is backed by spare computing power, will be listed on Binance.

Colin Stewart, Director of Agricultural Technology for Producers Token says, “Holochain’s method of cryptographic accounting has the potential to revolutionize global agricultural markets”. “At Producers Token, we work hard to empower agricultural producers, and Holochain’s software architecture gives people more control over the decisions and exchanges they make online. At the ground-level, integrating Holochain into our technology stack means producers on our platform will have agency over their financial transactions, data, and personal information. Most notably, due to the nature of the method of cryptographic accounting Holochain employs, each asset-backed currency is interoperable. This means that any currency backed by an agricultural-asset can be liquidated on any exchange that lists Holofuel. We are extremely excited about this prospect because it means agricultural producers will get access to the benefits of next-generation cryptocurrencies. Contemporary cryptocurrencies have not become relevant to the agricultural industry largely because their prices are too volatile to be used as a medium of exchange. This will change all of that.”

As the Producers team develops on top of Holochain they will be providing feedback to Holo on how to evolve the technology to better service to agricultural producers. In addition, Holochain and Producers Token will collaboratively facilitate the creation of agricultural asset-backed currencies.

About Producers Token

Founded by a team immersed in the agricultural value chain for more than a decade, Producers Token is building a global platform to empower farmers and agriculture producers through smart contracts and distributed ledger technology. Leveling the playing field and shifting supply chain power back to the source of production, the company aims to increase efficiency within the agricultural industry and serve as an advocate for producers, through amplifying visibility and providing greater transparency to buyers.

To learn more, please visit www.producerstoken.com or follow Producers Token on Instagram

LinkedIn, Telegram and Twitter.

About Holochain

Founded by a team immersed in cryptography, currency design, and distributed applications for more than a decade, Holochain provides a data structure used to build decentralized apps. You have your own chain, which you can add data to, including financial transactions. The chains can merge, split, and interact in complex ways. The data is stored in a decentralized way (like BitTorrent). The data has a hash, which is a mathematical fingerprint that corresponds to the data. If someone tampers with the data, the mismatch between the data and the hash will be noticed, and the data rejected as invalid. Digital signatures guarantee the authorship of the data. Essentially, it’s BitTorrent, plus Git, plus digital signatures.

To follow and learn about Holochain, the most active channels are Mattermost chat, Github and Telegram. You can also view Holo’s Twitter, Medium, Youtube, Facebook or Reddit. If you would like to understand more about Holochain and HoloFuel, please read Holo’s ERC20 token (HOT) and Mutual Credit Cryptocurrency (HoloFuel), the Holo Green Paper, and the Holo Currency Paper.