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New Vision From Richwork: Kenaf Meets Blockchain

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“Kenaf, one of the world’s largest fiber plants. It meets with BlockChain technology to solve the environmental and energy problems facing humanity.”

Let’s listen to Richwork presenting a new vision.

BlockChain technology is in full swing these days. Various projects are being tried and the scope has been expanded. Therefore, attempts to apply BlockChain to the agricultural sector are also continuing. Among them, a new attempt to solve the issues of energy and environment conservation facing mankind by combining KENAF, one of the world’s four largest fiber crops, with Blockchain technology is drawing a lot of attention. 

Kenaf, the basis of the VKenaf Chain, is a first-year herbaceous plant native to West Africa. It possesses various characteristics that are not found in common plants, and is evaluated as one of the world’s four largest fiber crops. It is produced as about 25,000 products which are used in various fields of daily life and industries such as pellets, pulp and bio energy. Moreover, it has high productivity as it grows fast enough to be harvested three times a year, and is also eco-friendly with its ability to absorb a large amount of carbon dioxide.

However, as most agricultural fields have done so far, the history problems such as an opaque supply system and product quality assurance are an obstacle to industrial development.

There is a company that has ambitiously jumped into this agricultural sector with the aim of establishing a better working system in the Kenaf industry by providing transparency and security through BlockChain. 

It is Richwork!

Richwork is a Singapore-based company that directly manages the entire stage of cultivation, purchase, processing and sales by linking Kenaf with BlockChain technology in Vietnam, Cambodia, Indonesia and so on. 

RichWork is contributing to the increase of income and economic development of Vietnamese farmers by cultivating, harvesting, processing and selling Kenaf in Vietnam’s various places in cooperation with the Vietnamese government. In addition, it is also equipped with systems and technology to the extent that same process is being conducted even in Cambodia. .

The Vietnamese government is satisfied with the Kenaf cultivation technology and agricultural modernization program provided by RichWork, and has requested for further expansion of the project. Broadcasting media is also supporting the Richwork project in Vietnam to the extent that this achievement is largely addressed.

We met Richwork executives who are leading successful businesses in Vietnam and asked how they combined kenaf and blockchain technology to achieve industrial performance.

The following is a question and answer with the director in charge of the Richwork’s Kenaf in Vietnam.

What are the advanatages of Kenaf?

Kenaf has two main advantages. 

First, there is an environmental cleanup

Second, there is a resource development. 

In term of environmental cleanup, Kenaf has a superior ability that is 40 times faster than the rate of photosynthesis in forests. So it can reduce carbon dioxide, which is the main culprit of global warming, and obtain a large amount of oxygen.

In addition, Kenaf has a high absorption efficiency of nitrogen and phosphorus in water and plays a role in water purification. And it is possible to purify the sewage by growing Kenaf up to 6m using sewage. 

In terms of resource development, since continuous resource production is possible using Kenaf’s rapid growth power, it can replace existing resources necessary for the production of daily life products such as pulp, deodorant, soil conditioner, soundproofing agent, wallpaper, oil adsorbent, food, nonwoven fabric and so on. This is a great advantage of replacing resources that are soon depleted.

What is the goal of Richwork?

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

We produce 250,000 kg of Kenaf per hectare, and VKenaf Chain’s goal is to have at least 2,000,000 hectares of Kenaf farm.

As of 2020, Kenaf’s price per ton is 150 USD, generating a profit of 37,500 USD per hectare.

When reaching our goal of cultivating 2 million hectares, $75 billion in revenue is generated and the profit can be maximized by cultivating three times per year. 

This means completing a Blockchain structure that benefits all participants in the Kenaf industry. For this goal, we are seeking to create an ecosystem of the VKenaf Eco Platform.

Please explain in more detail about the VKenaf Eco Platform that you just mentioned.

VKenaf Eco Platform consists of Vkenaf BlockChain, Vkenaf Token, Dapp, Global Exchange, Wallet, Core System and etc. Therefore, VKenaf Chain is the world’s first specialized Kenaf production and distribution company operated by a decentralized P2P network system. And, its 7 key convergence mechanisms drive the value of VKenaf Token to rise. 

  1. VKenaf Token is required to access the platform and its services. 
  2. Traders will need a VKenaf Token to access the VKenaf Chain market.
  3. Purchasing Kenaf’s raw materials from VKenaf Chain is made with VKenaf Tokens acquired from the trading market.
  4. Purchasing products within VKenaf Chain will be only possible with VKenaf Token.
  5. Traders of VKenaf Chain products will accept VKenaf Tokens received from consumers in the market as a payment method.
  6. The workers of Kenaf plantation and its factory will accept VKenaf Token as a payment method.
  7. In order to receive dividends from VKenaf Chain, VKenaf Token must be retained. 

Because of these seven mechanisms, Token will have its own demand-driven economy and the value of Token will be completely independent of speculative ecosystems. As a result, the value of VKenaf Token will not be affected even if other cryptocurrency markets are completely collapsed.

What is the last thing you want to say?

VKenaf Chain has the ambition to create the new market space by leveraging the power of BlockChain. VKenaf Chain’s project development starts in Southeast Asia and will expand across the whole Asia. Currently, VKenaf Chain is expanding Kenaf cultivation farms, which provide raw materials from major regions of Vietnam and around Cambodia. I hope you will keep an eye on how we can achieve this project.

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How can Ethereum casino improve the online gambling industry?

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Ethereum Casino

The undisputed king of the cryptocurrency industry is Bitcoin for the moment. This is an undeniable fact, maybe because it was the first and has been around for more than 10 years. But coming in a close second place is the Ethereum that has also been around for quite some time now. When it first emerged, ETH brought some major improvements to the table, most notably even faster speeds of transactions and the smart contract technology. From the get go, crypto casinos noticed the potential of Ethereum and that’s how the first ETH Casinos started to emerge. Since then Ethereum Casinos started going full throttle towards the progress of the gambling industry, bringing with themselves a ton of massive improvements that are truly revolutionizing the casino world.

The speed of Ethereum Casino

The first thing that everyone in the casino world notices is the incredible speed of the ETH Casinos. This is due to the fact that Ethereum uses smart contact technology that allows players to deal directly with the casino. This cuts down the time significantly and all processes are completed within a matter of minutes. For example, the classic online casinos take days to finalize the transactions, because they wait for 3-rd party organizations like banks. In case of Ethereum Casino, the deal happens directly, which translates into transfers that are made almost momentarily.

Security and Anonymity of Ethereum…

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Is Bitcoin Esport Betting the next big thing in BTC Casinos?

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Bitcoin Casinos

Ever since the creation of the first sport games, people started enjoying the betting process. As the sports grew more popular around the world, so did the betting community and other than the physical betting shops, online sportsbooks have also started to emerge. Around 5 years ago the crypto gambling industry also made strides to join the fun and Bitcoin Casino started pouring its resources into providing proper sportsbook experience for their communities of players. For several years the things were steady and the concept of Bitcoin Betting was growing exponentially. Although recent events have significantly halted the progress of sports and betting, the new alternative started gaining traction in the gambling world, and that alternative was the Esport Betting. 

How did Esport Betting become so popular?

The beginning of 2020 was unprecedented for the history of mankind and all the global business, including the gambling industry. In the month of March, most of the sports stopped because of the ongoing global Covid-19 pandemic and betting services witnessed huge losses. That’s where the Bitcoin Casino industry found a viable alternative in the virtual sport segment. Because of that, Esport Betting has become increasingly more popular and the biggest BTC Casinos started providing a huge selection of tournaments in their sportsbook section.

How to participate in Esport Betting?

Esport Betting is basically the same process as the usual sports betting.…

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Ways To Become A Successful Trader

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If you want to start trading then you can trade in Forex market where you will find some great trading opportunities and you can take advantage from it if you know how to play the game in this market. At an early stage of trading almost all traders thinks that trading is all about setting up chart and entry and exit points. But if you want to be professional in this industry you must need to have knowledge about trading strategies, money management and should have control over your emotions. Now we are going to talk about a few tip which going to help you to stay alive in the trading game.

Study the Forex market

Having a sound knowledge about Forex trading is must if you want make a living from it. Traders need to know how this market works, the different currency pairs, how they behave, support and resistance and bid-ask price. There is also some complicated concepts like pips, spreads, leverage, slippage, commission etc. about which you need know clearly and able to calculate it without any confusion. You can analyze this market both technically and fundamentally, so you have to learn how to do them. There are lots of financial news publishes every day and a trader must need to understand those announcement and able to find out how the market can react to that news.

Choose…

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