Xcel Token

With 40% of the global workforce, agriculture sector  presents 6.4% of the entire world’s economic production  and its total worldwide production is $5,084,800 million. If you have ever visited a farm, you would have seen that farmers have complicated ecosystems with seasonal financing structures, careful timing and a lot of moving parts. After the food leaves the farm for the market, it becomes a part of the vast supply chain involving a lot of intermediaries. Everyone would like to know where the food has been produced before it is served on the plate. What if you could check the quality of food before you eat it? It could become possible with the use-cases of blockchain in executing contracts and tracking information transparently. Blockchain agriculture is one of the compelling use cases that makes the process of growing and supplying food simpler. The agriculture supply chain can provide all involved parties with a single source of truth. App...

The life cycle of a merchandise is a fascinating one. The next time you’re purchasing something in the supermarket, think of what all it had to go through to get in your hands. Think about where all the raw constituents came from, who all transported the raw material to manufacturing plant where it was fashioned, and how it ultimately got packed and ended up in the very shop where you are purchasing it right now.   Supply chains are absolutely critical for the overall well-being of your business. The current system of supply chains is outdated and requires a significant reboot. This is where the blockchain comes in.   A blockchain is, in the simplest of terms, a time-stamped series of immutable record of data that is managed by a cluster of computers not owned by any single entity. Each of these blocks of data (i.e. block) are secured and bound to each other using cryptographic principles (i.e. chain). The 3 properties of the blockchain technology that is going to ...