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GreenGold Ecosystem and Blockchain guarantee traceability of the cultivated organic product

admin 3rd, December 2020

<div>Since the days of the stone age, people have recorded the exchange of their goods and services. As we evolve into the digital age, compiling these transactions has become much more complex. Either the exchange of money between two parties or the interaction between more parties, documenting how goods move through a supply chain, or making contractual agreements.</div><div>The growth of world trade has created a web of irregular accounting and information systems, vulnerable to errors, fraud and misinterpretation.</div><div>Take the organic products industry; For example, the journey of an organic product from seed to consumer covers a complex legal landscape of seed sourcing, manufacturing, regulatory, financial, and business practices. Today's supply chains have to rely on intermediaries every step of the way. From input suppliers, farmers and transporters to merchants, public officials, lawyers, accountants and banks. This adds time and cost, raises questions about the product and devalues ​​the quality of the final organic product in the hands of the consumer.</div><div><br></div><div>Corruption in the financial system, Smuggling and fraud, can hinder Producers in collecting Fair Funds for their vital work and governments in collecting and distributing fair taxes. And consumers face the negative prospect of accessing non-fresh, transgenic or unethical farming practices.</div><div>This is where GreenGold Ecosystem and Blockchain Technology appear:</div><div><br></div><div>GreenGold Ecosystem has the potential to eliminate these vulnerabilities by giving access to the entire community to organic products through decentralized cultivation with transparent information of the destination of funds and guaranteeing the traceability of the cultivated product from its seed to the final producer, registering transparent transactions for all.</div><div><br></div><div>Blockchain Ledger Technology offers all parties involved in the Business Network a secure, transparent and synchronized Real-time Registry of transactions. Blockchain records every sequence of operations from start to finish. Whether it's hundreds of steps in the supply chain or a single online payment.</div><div>As each GreenGold Ecosystem transaction on the blockchain occurs, it is put into a block of encrypted information. This block is connected to the previous and the next. Groups of Transactions are together by block and a fingerprint is added from each block to the next. Thus creating a chain of irreversible information blocks. That is why GreenGold Ecosystem is ideal to ensure the equal production and distribution of one of the most valuable assets in the world, Green Gold. Organic Products.</div><div>A Line of Organics can be drawn from the origin of the Seed to the hands of the consumer with exceptional security and transparency of information.</div><div><br></div><div>While blockchain works with all types of transactions, there are three key characteristics that make the hyperledger blockchain uniquely capable of handling the needs of an industry as regulated as cannabis. It is Distributed, it is permissible, decentralized and secure. Because the accounting system is distributed, it functions as a shared form of record keeping, ensuring that no person or property maintains ownership of the system. Likewise, in the case of the Decentralized Crop Concept, it is distributed in such a way that the harvest is owned by the entire network and has access througha cryptocurrency that does not require the trust of a third party, in this case the government.</div><div><br></div><div>As organic product cycles involve everyone in the process, it is allowed to have a copy of each record and pieces of data and no transaction can be added to the chain without the consensus of all participants. This means that there is not a single person who can add or alter the blockchain or the information contained within without being permanently recorded and visible to everyone. Therefore, it is resistant to manipulation and highly secure, eliminating the risk of fraud and error. No one, not even a System Administrator, can or cannot remove it.</div><div><br></div><div>In the case of organic products, a ledger will keep a high-resolution record and a technical sheet of each moment and point of contact throughout its supply chain, trying to always make it shorter, through the ecosystem of GreenGold decentralized crops. Maintaining Quality Records, real-time records of each payment operation, as well as product details, such as seed origin, substrates, fertilizers, cultivation methods, lighting, quality and qualification of the producer in front of users. At the end of the access cycle, there is a verifiable and indisputable record, complete with information</div><div><br></div><div><div>real mation.</div><div>Blockchain Technology gives us the possibility to transform valuable industries of all kinds. From Organic Food and Cannabis to financial, government, gemstone industries, or even valuable information such as contracts, deeds, records and other public and private agreements without depending on third parties.</div><div>Frees Capital Flows, Accelerates processes increasing quality and value, reduces transaction costs, eliminates intermediaries and most importantly, provides Security and Confidence.</div><div>Blockchain does to business what the internet did to communication</div><div>And GreenGold Ecosystem and its community will bring access to organic products guaranteeing food sovereignty for all as almost no government has been able to guarantee.</div><div>Creating new forms of sustainable and friendly economy with the planet backed by a currency with real value that costs work to get and not just print: organic products. Self-cultivating, giving everyone access to healthy food and creating new forms of employment and leaving more time for creativity and innovation.</div><div><br></div><div>Green Headway International is the New Harvest era.</div></div>