TUCSON, Ariz., Feb. 21, 2018 /PRNewswire/
-- AgreCoin (ACN), a peer-to-peer solution for trade and
transactions of alcoholic agricultural products and services,
announces the release of their Green Paper. As a prelude to the
company's White Paper, this document discusses the potential impact
of blockchain technology on Latin American economies, beginning
with corruption and accountability in the tequila industry supply
chain.
Tequila is growing in popularity globally and sales in
the United States alone are
estimated at $2.6 billion annually.
However, the industry is facing a current supply crisis of agave,
the agricultural product from which tequila is produced. Farmers
often deal with the dilemma of overplanting when demand is high or
underplanting when demand is low, leading to either oversupply, or
an agave shortage, as the plant takes some six years to reach
maturity.
Various issues with providers throughout the supply chain exist
as well, and it is currently difficult to establish accountability
with so many stakeholders involved. Says Jessica G. Contreras, CEO of AgreCoin, "Our goal
is execution and application of the blockchain technology;
therefore, the team is made up of key executives within both the
alcoholic-beverage industry, and the Mexican wine and spirits
markets."
Last week, AgreCoin was mentioned in INC for its
role in "resolving the agave crisis that threatens the
billion-dollar tequila market in the US," a solution which is laid
out in AgreCoin's Green Paper.
The ICO presents a solution for this crisis in the form of smart
contracts that would serve to stabilize this volatile marketplace.
By applying blockchain technology and the use of a public ledger
that cannot be tampered with, each link in the supply chain would
be held accountable. This would lead to improved efficiency and
greater transparency. Transactions that are currently subject to
currency conversions and delays would take place in the AgreCoin
cryptocurrency, further streamlining the process.
The company also proposes a Social Impact Plan (SIP) in which a
percentage of the funding will be dedicated to giving back to the
Mexican community, investing in a cryptocurrency mining operation
in Guadalajara. Farmers and their
children will be taught how to use blockchain technology to
administer their produce and an academic community will be founded
for underprivileged students.
More About AgreCoin
AgreCoin (ACN), an Agricultural Agreement Coin, is an Ethereum
ERC20 token, symbol: ACN, formed to resolve the agave crisis
threatening the $2.6 billion dollar
tequila market in the US. As an accredited investor-only offer,
AgreCoin uses a SAFT agreement, which combines one AgreCoin token
with one preferred share of parent company, Fuego Fino Inc. Leading
this peer-to-peer solution for trade, payment, and business
transactions for agricultural products and services is CEO,
Jessica G. Contreras, who brings key
experience in navigating the local tequila industry and
resourcefulness and vision to AgreCoin's table.
For further information about AgreCoin, please visit
www.agrecoin.com. To review the company green paper,
visit http://agrecoin.blogspot.com.
Forward-Looking Statements
We caution you that, whether or not expressly stated, certain
statements made in this news release that reflect management's
expectations regarding future events and economic performance are
forward-looking in nature and, accordingly, are subject to risks
and uncertainties. All statements other than statements of
historical facts included in this press release are forward-looking
statements. In some cases, forward-looking statements can be
identified by words such as "believe," "expect," "anticipate,"
"plan," "potential," "continue" or similar expressions. Such
forward-looking statements include risks and uncertainties, and
there are important factors that could cause actual results to
differ materially from those expressed or implied by such
forward-looking statements. Investors should not place any undue
reliance on forward-looking statements since they involve known and
unknown, uncertainties and other factors which are, in some cases,
beyond the Company's control which could, and likely will,
materially affect actual results, levels of activity, performance
or achievements.
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SOURCE AgreCoin