Blockchain companies Bitland and FoodCoin announced this week that they have formed a partnership to bring the cryptocurrency to rural communities. Both companies stated that they are on a mission to offer blockchain technologies to facilitate real-world interactions that improve human connections and add value to people’s lives.
“FoodCoin focuses on using Blockchain to connect consumers to locally produced food around the world, while Bitland’s focus is on entering land and real estate deeds into the Blockchain to reduce corruption in land titles and use. The projects compliment each other, aiming to make buying and selling–either food or land–safer and easier. In addition, both of them use the Blockchain technologies to boost local economic growth, allowing small and middle scale businesses to compete with large corporations.”
Speaking about the new partnership with Bitland, Gregory Arzumanian, Founder of FoodCoin, stated:
“In addition to our shared vision of empowering people in small communities, partnering with Bitland will give our networks in certain areas of the world greater confidence in the security of their farmland. The tools Bitland provides, gives our users ability to verify land titles before they begin business with a farmer.”
FoodCoin also noted that its products give local food businesses a great opportunity to grow and overcome obstacles that frequently push them out of the market. Chris Bates, CSO for Bitland, added:
“The promises of Bitcoin are not currently available to the populations we are working to serve. Our company solves a piece of this while FoodCoin works to The combination of our organizations’ efforts will create a transparent farming ecosystem in which illegal/illicit farming is not preferred because the legal farmers will be making more money while the community will directly see the benefits.”
Bitland is now registered in Ghana and is currently in talks with the Nigerian government to begin the process there.