FoodCoin – bigdata and AIThe data collected and dynamically processed through FoodCoin Ecosystem will form the basis for AI analysis, allowing real-time dynamic communication to system participants and third-parties of information on price and availability changes for large categories of goods, linked to the climatic changes, geographical location, seasonality, etc.
In addition, the analysis of this aggregate information will assist with prediction of the prices for the forthcoming harvests, allowing producers, farmers and business consumers to plan for future.
FoodCoin for IoTFoodCoin Ecosystem functionality will allow the use of the platform as an interface between users and for Internet of Things (IoT) devices, such as sensors, barcode scanners, or scales via open APIs. Such devices will become full-fledged parties of smart-contracts (Smaco), capable of initiating, confirming or canceling transactions. Smart contracts, guided by custom developed algorithms, can receive inputs and guidance from devices, and based on such inputs, will be able to initiate or cancel payments, refer transactions to arbitration of a third party, or perform other transaction-related tasks.
FoodCoin for social projectsUsing FoodCoin as a complementary social currency in closed communities encourages the demand for locally produced goods and services, thus stimulating local economic activity.
FoodCoin for non-profitsFoodcoin crypto currency can be used as a mechanism to quickly and easily provide financial assistance to people suffering from hunger, farmers who find themselves in difficult situations or charitable organizations that support social and environmental missions around the world.