Exhibit Tech

With the introduction of Bitcoin in 2009, Blockchain became widely accepted. While cryptos and other blockchain-related financing have a reputation for being unpredictable and speculative, the value of blockchain technology and other kinds of distributed ledger technology in finance is widely acknowledged. JP Morgan, Square, and Facebook, among other large banking and technology companies, have already entered the blockchain field. As blockchain continues to play a larger role in payments systems, such as CBDCs and stable coins, and in the context of liquidity, via asset tokenization through security token offerings, we’ll see more names. The term ‘tokens’ conjures up images of initial coin offerings (ICOs), a technique of obtaining funds for crypto ventures that became popular in 2017, and this is where we’ll start our adventure.

What exactly is a security token?

A security token is a one-of-a-kind token that represents a stake in an external asset or organisation and is issued on a permissioned or permission less blockchain. Security tokens can be issued by governments and enterprises to fulfil the same purpose as stocks, bonds, and other forms of equity. What may a security token be used for? A corporation can utilise a security token to distribute shares to investors that provides the same benefits as traditional securities such as shares, voting rights, and dividends. The benefits of security tokens are vast, as blockchain is the technology that underpins them. Transparency Everything on a blockchain network is auditable, including, in certain cases, participant identities. The ledger is open to the public and may be used to track the holdings and issuance of certain fungible and non-fungible tokens. Settlement in a flash Investors wishing to move assets are concerned about clearing and settlements. While trades are completed fast, transferring ownership can take many days.

The process is automated and speedy on a public ledger. Availability Existing financial marketplaces operate according to their own timetables, which are often only available during business hours and for a limited time. A marketplace powered by a blockchain network, on the other hand, is always open, regardless of the time. Divisibility From major hedge funds backed by Wall Street to everyday investors trading on Robin hood, asset tokenization opens up a wealth of investing opportunities for everyone. For example, a $10 million Picasso painting could be tokenized into 10,000 parts, each of which is worth $1,000. Tokenization will democratise asset access and provide greater granularity and accessibility.

To fully comprehend STOs and why we require them, we must first comprehend why ICOs were perceived as a stain on the blockchain industry’s entire reputation. From 2016 to 2018, ICOs were in high demand, and investors were willing to put their money into this innovative way of raising funds. Over $6.3 billion was invested in ICOs in the first quarter of 2018. These investments were expected to increase in value over time. The bubble, however, imploded in Q4 2018, when the “market cap” of all cryptos plunged by more than $750 billion. The Securities and Exchange Commission (SEC) of the United States has been slow to develop regulations around token offers.

The TRON Virtual Machine (TVM) was originally forked from the Ethereum Virtual Machine (EVM). TVM was specifically created to minimize resource use and ensure a robust system. This optimized virtual framework allows developers to easily access the TRON blockchain network at a low cost with its built-in energy mechanism — which accounts for transactions that do not charge TRX when executing operations. This systematic mechanism ensures several benefits: it helps prevent attacks on the platform, reduces the costs of application development, and lowers the resource costs of the platform itself.

The TVM is designed to be user-friendly and provide a convenient interface as a single point of focus for smart contract development and execution. On the Ethereum blockchain, each transaction costs a gas fee, and there is a maximum quota of gas that can be spent per block. If a new block on the chain exceeds this maximum threshold, it’s rejected. But, if an attacker somehow includes excess transactions into a newly forming block, they can effectively prevent a block from being added. In contrast, with TRON’s TVM, every transaction expends energy and bandwidth points. Instead of a globalized or cumulative threshold, each account is separately tabulated.

As a result, every account must purchase energy, and is allotted 5,000 bandwidth points per day. If an account exhausts these points, it must freeze its tokens for at least three days to generate more. It’s also possible for an account to hold insufficient bandwidth points or energy. When this happens, the system will consume the Tron coin in their account to make up for the discrepancy. By shifting transaction costs from a cumulative global model to an account-specific system, the TRON blockchain (unlike Ethereum) reduces the likelihood of attack via Denial-ofService (DoS) methods.

TRON gives its users three options for conducting shielded transactions with TRC-20 tokens. The first option allows participants to use a standard TRC-20 token and convert it to shielded form, which is called a “mint” transaction on the network. Second, users can leverage the shielded version of a token to transform it into standard form via the “burn” option. Lastly, users can move money between accounts via the “transfer” function. This option hides the identities of the buyer and seller, as well as the amount being transferred. Transactions on the TRON blockchain network have many advantages.

Third parties can verify transactions of any size, and transaction data is saved on the blockchain using advanced encryption techniques. TRON’s extensive shielded transaction features are a powerful set of tools, but on top of this, TRON is also focused on maintaining a globally adaptable blockchain paradigm. Therefore, the TRX token will not allow for anonymous or shielded transactions. A significant milestone for TRON 4.0 is the introduction of a new two-layer consensus mechanism that increases the power of the TRON blockchain exponentially. Specifically, it reduces block confirmation times from an average of 57 seconds down to just three seconds — making the TRON blockchain one of the fastest of the top 25 major cryptocurrency networks.

Blockchain allows peer-to-peer transactions to take place fairly, without a mediator such as from a bank or even a middleman in the agricultural sector. By eliminating the need for a single organization, innovation alters the way trust is granted – but rather trusting an authority, credibility is placed in cryptography and peer-to-peer system. It relates to the redevelopment of integrity between producers and consumers, which can lower transaction fees in the agro-food market. The blockchain creates a trustworthy process of recording transactions between anonymous participants. As a consequence, forgery and malfunctions can be traditional low. Furthermore, by combining smart contracts, issues can be confirmed in real-time (Haveson et al., 2017; Sylvester, 2019). Given the complex nature of the agro-food system, it aims to alleviate the challenge of the data generation process throughout the large supply chain. Thus, technology provides solutions to consumers, government, or other stakeholders’ worries about food quality and safety. Blockchain promotes transparency among all involved parties and makes it far easier to collect accurate data. Blockchain can record every step in an item’s value chain, from the establishment to extinction. Reliable data from the farming process is extremely valuable for producing data-driven facilities and payment solutions that will make farming smarter and less susceptible. This whitepaper analyzes blockchain technology applications in agriculture and food

Tracking the origin and safety of food Can users confidently say that an apple or a chicken bought from a retailer is safe? Despite the reality, those store representatives should have all necessary documentation and certificates, users cannot see how it was previously stored or whether it contains any harmful bacteria. As a consequence, blockchain can enable customers in mastering all they need to know about others. Because it is unrealistic for store leaders to take a single infected product, they must examine the product’s history of origin. All data will be kept by blockchain-based software, started with where and when this apple or meat was born, how it was fed, where it had been sent after, and so on. As a result, both customers and suppliers will know everything there is to understand regarding food, which will boost their trust and help to know precisely what they will be consuming. A relevant example is Walmart’s collaboration with IBM to build a blockchain agriculture supply chain. Each commodity in a store could be scanned by an expert to obtain detailed info about it. All are open and public to all parties.

Everyone is knowledgeable about Bitcoin cryptocurrency. It is already one of the world’s most successful cryptocurrencies. Even so, some other cryptocurrencies like- Agrolot, CarbonCoin, PavoCoin were made solely for the agricultural sector. It is used directly by farmers and has a lot of potentials.

Also read: Is green blockchain technology a way to go today?