CoinDesk·3 min read·medium
Brazilian farmers tokenized dairy cows to get loans, bypassing bank lending limits
O
Olivier Acuna
✦AI Summary
Brazilian agricultural technology company Cowmed is using AI-powered collars to tokenize dairy cows as collateral for bank loans. This system allows farmers to bypass traditional lending limits by providing real-time, verified data on their livestock assets.
The dairy cow tokenization in Brazil is a world first and serves as a test in a real-world scenario in which farmers are facing increasingly stringent lending limits imposed by local banks on small agricultural businesses.
businesstechnologycrypto
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