The Ministry of Agricultural Development of Panama and the Inter-American Institute for Cooperation on Agriculture present a pilot project to improve rice cultivation. Other recent news includes Adidas’s presentation of “ALTS”, an NFT to evolve identity. Finally, leadership in the crypto industry is being lost in the US.
The Ministry of Agricultural Development of Panama and the Inter-American Institute for Cooperation on Agriculture present a pilot project to improve rice cultivation. Other recent news includes Adidas’s presentation of “ALTS”, an NFT to evolve identity. Finally, leadership in the crypto industry is being lost in the US.
Below is the news in more detail.
Blockchain Technology in the Panamanian Countryside
The Ministry of Agricultural Development of Panama adopts Blockchain technology to improve rice production. This technology is becoming increasingly present in the field, with thousands of producers, companies, and even governments that have adopted it to optimize crops and promote better agricultural practices.
Recently, the Ministry of Agricultural Development of Panama announced a collaboration with the Inter-American Institute for Cooperation on Agriculture to develop an initiative focused on rice production. Vice Minister Alexis Pineda and the IICA representative, Gerardo Escudero, presented a pilot project based on Blockchain that is focused on promoting the production of this crop and guaranteeing food security in the country.
Pineda highlighted that Blockchain is an innovative tool that will strengthen and make the Panamanian agricultural sector more profitable and efficient. It is expected that the pilot project will benefit a hundred rice producers located in the sectors of Chiriquí, Veraguas, and Coclé.
Adidas Introduces “ALTS”, an NFT to Revolutionize Identity
“ALTS”, by Adidas, represents the third chapter of the NFTs and Metaverse project of the global sports brand. Into The Metaverse, Adidas’ Web3 project, has entered its third phase with the launch of “ALTS”, a dynamic NFT that will immerse users in an unparalleled journey towards their own identity.
This is a unique, dynamic PFP profile photo with an interactive story that will allow for countless combinations of traits, with various levels of rarity, for users to build their own identity.
The United States is Losing Leadership in the Crypto Industry
In its “State of Crypto” report, the American venture capital firm Andreessen Horowitz points to the excessive regulation that legislators are imposing, and the increasing scrutiny of the country’s regulators to the crypto industry as one of the main causes that has led the nation to lose some of its leadership in this industry.
According to the firm, all activity related to cryptocurrencies has been declining in the country, as well as the number of developers operating from the United States and web traffic related to crypto assets.
While regulation is necessary to bring clarity to both the cryptocurrency industry and the companies that operate within it, cracking down on new business models undermines fundamental American principles and spurs the growth of innovation outside the country, Andreessen Horowitz noted.
By Audy Castaneda
