Brazilian farmers have found a novel way to secure loans by tokenizing their dairy cows, according to reporting from CoinDesk. This approach allows local agricultural businesses to bypass traditional bank lending limits.
Smart collars are used to monitor the health of the herd in real time, preventing fraud and enabling farmers to secure thousands in funding backed by their livestock.
This innovative use of tokenization provides an alternative funding source for farmers, potentially expanding access to capital for agricultural businesses in the region.