The Chinese Ministries of Trade and Industry and Information Technology are glad to present the Pi Network web3 platform ecosystem as a collaborative proposal for the China Organic Vegetable Network.
The way farmers and consumers engage is changing because to the innovative platform known as the organic vegetable network in China. With no need for middlemen and a more effective and efficient method of conducting business, this network enables farmers to sell their organic goods directly to consumers. Also, the network gives farmers a venue for cooperation, resource sharing, and market expansion.
The joint proposal between COVN and the Pi Network Web3 platform therefore, would have a significant impact on the organic produce industry in China. By leveraging the power of blockchain technology, the two networks would be able to create a more efficient and secure supply chain for organic produce. This would result in lower costs for buyers and sellers, as well as increased transparency and accountability. Besides, the joint proposal would also create a more sustainable and ethical supply chain for organic produce, as the two networks would be able to track the entire production process from farm to table.
So, China Organic Vegetables Network (COVN), is an innovative platform that is changing the way organic produce is bought and sold. By connecting buyers and sellers directly, the network is able to provide a more efficient and cost-effective way of doing business. In addition, COVN is also working to create a sustainable and transparent supply chain for organic produce in China.
In conclusion, the joint proposal from the Pi Network Web3 platform and the China Organic Vegetables Network would be a significant advancement for the country’s organic food sector. The two networks would be able to build a more effective and secure supply chain for organic products by utilizing the power of blockchain technology. Both buyers and sellers would pay less as a result, and accountability and transparency would both rise.
The two networks would be able to trace the full production process from farm to table, which would result in a more ethical and sustainable supply chain for organic goods. If put into practice, this promising idea might completely transform China’s market for organic vegetable supply.
What is Pi Network?
Pi Network is a cryptocurrency project that allows users to perform mining operations through their smartphones. The platform was designed to onboard anyone into the crypto space, regardless of their familiarity with digital assets.
Pi Network is the brainchild of Stanford University graduates – Nicolas Kokkalis, Chengdiao Fan, Aurélien Schiltz, and Vince McPhillips. The team started developing the project in 2018, but they released the whitepaper and launched the application a year later, on March 14, 2019.
Miners on the Pi Network are rewarded with the Pi coin, which the project’s creators claim will gain value once the protocol launches to mainnet.
Unlike Bitcoin miners, individuals who mine on the Pi Network are called Pioneers. The project claims to simplify the mining process as Pioneers only need to tap a button every 24 hours to conduct mining activity via their smartphones. The mining process is done on the Pi Network app, which is available for Android and iOS devices.