At the first “Bolivia Blockchain Summit 2024,” held on August 20 at the Hotel Los Tajibos and organized by ENERGÍABolivia magazine, Fernando Romero, president of the Association of Oilseed and Wheat Producers (ANAPO), emphasized the importance and potential of Agrotoken for the national productive sector.
ISSUE 134 | 2024
Vesna Marinkovic U.
Romero emphasized that every crisis presents an opportunity. In this context, he stated that Agrotoken could be the long-awaited solution for soy producers in Bolivia. “Soy is dollar,” he mentioned, underscoring the need to transform the country into an ecosystem that provides permanent opportunities for both the agricultural sector and the economy as a whole.
During his presentation, Romero shared relevant statistics on soybean production in Bolivia, highlighting that the sector represents 4.4% of the national GDP and is the third most important export sector in the country, only surpassed by minerals and hydrocarbons. He noted that more than 150,000 direct jobs currently depend on this sector, which covers over 1.5 million hectares of cultivated land, with an annual production of more than 6 million tons of grain.
“…Agrotoken, an opportunity to improve competitiveness and open new avenues of financing for Bolivian producers.”
LIMITATIONS AND TECHNOLOGICAL BACKWARDNESS
However, Romero also warned about the limitations faced by the sector, such as low productivity and competitiveness, due in large part to a technological lag of over two decades and regulations that restrict growth. “We are the worst country in terms of productivity, not only in soy but in all crops,” he said.
Despite these challenges, Romero sees Agrotoken as an opportunity to improve competitiveness and open new financing channels for Bolivian producers. “Agrotoken can be of great help at this time, creating a digital ecosystem that enables innovative financial tools for the soy cluster,” he added, speaking to a full audience of actors from the country’s agricultural and energy sectors.
The event made it clear that the implementation of disruptive technologies like Agrotoken could be key to the sustainable development of Bolivia’s agricultural sector, contributing not only to its growth but also to its integration into the global market in a more efficient and competitive manner.
Agrotoken is a global platform for the tokenization of agricultural commodities, based in Argentina, dedicated to creating stablecoins collateralized by grains and food products. It is an ecosystem that digitizes the value of grains and allows producers to save, invest, and transact with their production. In this context, the participation of Eduardo Novillo, CEO of Agrotoken, at the first “Bolivia Blockchain Summit 2024,” organized by ENERGÍABolivia magazine, generated great expectations within Bolivia’s agricultural sector.
Romero shared relevant statistics on soybean production in Bolivia, highlighting that the sector represents 4.4% of the national GDP and is the third most important export sector…
