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Blockchain

Farmers in Brazil Get Fast Blockchain Loans via Pilot

  • The city government of São Paulo is starting a pilot program for blockchain-based microloans for farmers.
  • You can get loans of up to R$15,000 (about $2,800) quickly.
  • The project uses Tanssi’s unique blockchain technology to make transaction fees reliable and easy to predict.
  • It will go live in December 2025, and its goals are to increase agricultural productivity and access to money.

São Paulo, Brazil’s busy economic center, is getting ready for the future of finance with a new pilot. The city government has announced that it will offer microloans powered by blockchain technology that are only available to farmers. This program promises quick access to money without the usual problems that come with traditional banking. A lot of the time, farmers have a hard time getting small loans quickly. Banks can take weeks or ask for a lot of paperwork. In this case, blockchain makes things easier and clearer.

Tanssi’s blockchain infrastructure is the most important part of this system. Tanssi offers a “appchain” setup, which is different from public blockchains that can have fees that change. This means that the costs are predictable and the system is very reliable, making it great for everyday use in farming.
Tanssi’s technology avoids the problems that come with larger networks. It makes sure that loans are processed quickly, which lets farmers buy seeds, tools, or other things they need right away.

Small-scale farmers could really benefit from loans of up to R$15,000. That’s about $2,800 at the current exchange rates. The money is meant to help the agricultural sector in São Paulo grow and run its daily operations. It’s not just about the money; it’s about gaining trust. Blockchain keeps a public record of every transaction, which lowers the risk of fraud. Experts think this could be a model for other cities in Brazil and maybe even the whole country.

The city government of São Paulo is in charge, and they are working with Tanssi on the tech side. The program starts next month, and there will be monitoring to see how it works.

https://www.tanssi.network/post/collaboration-tanssi-c9

Dogukan Ozdemir

I am an editor who provides the latest crypto news on the market.

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