Coreledger Partners With Abakus To Offer Argentina Peer-To-Peer Marketplace To Launch Digital Barter Economy

Coreledger, a platform that allows businesses to access the benefits of blockchain technology, has partnered with Abakus to launch a peer-to-peer marketplace aiming to launch a digital barter economy in Argentina, as reported by Forbes.

Argentina is the source of more that 40 percent of the world's soybean oil and soy meal production, however the nation's currency has plummeted in value due to inflation and volatility. As a result, agricultural-backed tokens are becoming a critical solution to solving volatility and liquidity issues inherent in most cash and stock-based saving plans.

Coreledger and Abakus hope that the creating a digital barter economy will enable farmers to tokenize their agricultural assets and seek relief from looming hyperinflation. Such a marketplace would enable farmers to redeem and trade their tokenized titles with any other tokenized asset on the Abakus platform. This means that soybeans could effectively work like an asset-backed currency, and be traded for cattle, corn, or even the peso, Forbes reported.

By Emily Mason

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