New Vision From Richwork: Kenaf Meets Blockchain

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“Kenaf, one of many world’s largest fiber crops. It meets with BlockChain know-how to resolve the environmental and power issues dealing with humanity.”

Let’s take heed to Richwork presenting a brand new imaginative and prescient.

BlockChain know-how is in full swing today. Various initiatives are being tried and the scope has been expanded. Therefore, makes an attempt to use BlockChain to the agricultural sector are additionally persevering with. Among them, a brand new try to resolve the problems of power and setting conservation dealing with mankind by combining KENAF, one of many world’s 4 largest fiber crops, with Blockchain know-how is drawing numerous consideration. 

Kenaf, the idea of the VKenaf Chain, is a first-year herbaceous plant native to West Africa. It possesses numerous traits that aren’t present in widespread crops, and is evaluated as one of many world’s 4 largest fiber crops. It is produced as about 25,000 merchandise that are utilized in numerous fields of each day life and industries corresponding to pellets, pulp and bio power. Moreover, it has excessive productiveness because it grows quick sufficient to be harvested 3 times a 12 months, and can also be eco-friendly with its capability to soak up a considerable amount of carbon dioxide.

However, as most agricultural fields have completed up to now, the historical past issues corresponding to an opaque provide system and product high quality assurance are an impediment to industrial growth.

There is an organization that has ambitiously jumped into this agricultural sector with the purpose of building a greater working system within the Kenaf trade by offering transparency and safety by BlockChain. 

It is Richwork!

Richwork is a Singapore-based firm that instantly manages your entire stage of cultivation, buy, processing and gross sales by linking Kenaf with BlockChain know-how in Vietnam, Cambodia, Indonesia and so forth. 

RichWork is contributing to the rise of earnings and financial growth of Vietnamese farmers by cultivating, harvesting, processing and promoting Kenaf in Vietnam’s numerous locations in cooperation with the Vietnamese authorities. In addition, it is usually outfitted with techniques and know-how to the extent that very same course of is being performed even in Cambodia. .

The Vietnamese authorities is happy with the Kenaf cultivation know-how and agricultural modernization program supplied by RichWork, and has requested for additional growth of the venture. Broadcasting media can also be supporting the Richwork venture in Vietnam to the extent that this achievement is basically addressed.

We met Richwork executives who’re main profitable companies in Vietnam and requested how they mixed kenaf and blockchain know-how to attain industrial efficiency.

The following is a query and reply with the director answerable for the Richwork’s Kenaf in Vietnam.

What are the advanatages of Kenaf?

Kenaf has two foremost benefits. 

First, there may be an environmental cleanup

Second, there’s a useful resource growth. 

In time period of environmental cleanup, Kenaf has a superior capability that’s 40 occasions quicker than the speed of photosynthesis in forests. So it could cut back carbon dioxide, which is the primary perpetrator of worldwide warming, and acquire a considerable amount of oxygen.

In addition, Kenaf has a excessive absorption effectivity of nitrogen and phosphorus in water and performs a task in water purification. And it’s attainable to purify the sewage by rising Kenaf as much as 6m utilizing sewage. 

In phrases of useful resource growth, since steady useful resource manufacturing is feasible utilizing Kenaf’s fast progress energy, it could exchange current sources mandatory for the manufacturing of each day life merchandise corresponding to pulp, deodorant, soil conditioner, soundproofing agent, wallpaper, oil adsorbent, meals, nonwoven cloth and so forth. This is a superb benefit of changing sources which might be quickly depleted.

What is the aim of Richwork?

Richwork can domesticate 25 ones per 1m² on common, producing about 25kg’s Kenaf per 1m².

We produce 250,000 kg of Kenaf per hectare, and VKenaf Chain’s aim is to have not less than 2,000,000 hectares of Kenaf farm.

As of 2020, Kenaf’s value per ton is 150 USD, producing a revenue of 37,500 USD per hectare.

When reaching our aim of cultivating 2 million hectares, $75 billion in income is generated and the revenue could be maximized by cultivating 3 times per 12 months. 

This means finishing a Blockchain construction that advantages all contributors within the Kenaf trade. For this aim, we’re looking for to create an ecosystem of the VKenaf Eco Platform.

Please clarify in additional element in regards to the VKenaf Eco Platform that you simply simply talked about.

VKenaf Eco Platform consists of Vkenaf BlockChain, Vkenaf Token, Dapp, Global Exchange, Wallet, Core System and and so forth. Therefore, VKenaf Chain is the world’s first specialised Kenaf manufacturing and distribution firm operated by a decentralized P2P community system. And, its 7 key convergence mechanisms drive the worth of VKenaf Token to rise. 

  1. VKenaf Token is required to entry the platform and its companies. 
  2. Traders will want a VKenaf Token to entry the VKenaf Chain market.
  3. Purchasing Kenaf’s uncooked supplies from VKenaf Chain is made with VKenaf Tokens acquired from the buying and selling market.
  4. Purchasing merchandise inside VKenaf Chain might be solely attainable with VKenaf Token.
  5. Traders of VKenaf Chain merchandise will settle for VKenaf Tokens obtained from shoppers out there as a fee methodology.
  6. The employees of Kenaf plantation and its manufacturing facility will settle for VKenaf Token as a fee methodology.
  7. In order to obtain dividends from VKenaf Chain, VKenaf Token should be retained. 

Because of those seven mechanisms, Token can have its personal demand-driven financial system and the worth of Token might be utterly impartial of speculative ecosystems. As a outcome, the worth of VKenaf Token won’t be affected even when different cryptocurrency markets are utterly collapsed.

What is the very last thing you wish to say?

VKenaf Chain has the ambition to create the brand new market house by leveraging the ability of BlockChain. VKenaf Chain’s venture growth begins in Southeast Asia and can increase throughout the entire Asia. Currently, VKenaf Chain is increasing Kenaf cultivation farms, which give uncooked supplies from main areas of Vietnam and round Cambodia. I hope you’ll regulate how we are able to obtain this venture.

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