Serving the crypto arena being a public blockchain network offering business services to potential projects, FLETA has entered into a contract with Natural Farm Union Protocol (NFUP). As part of the collaboration, FLETA will curate a mainnet on its native FLETA blockchain for the NFUP ecosystem. The news was announced by the FLETACHAIN team on its official Twitter handle. The post read:
FLETA signed a contract to develop a mainnet of Natural Farm Union Protocol(NFUP)😊FLETA is willing to provide the best conditions for DApps and plans to establish mainnets for about 10 projects this year! https://t.co/5VNH5gnRge#FLETA #blockchain@FLETAJamesSong @henry_fleta
— FLETACHAIN (@fletachain) July 7, 2020
According to the report, FLETA will leverage its blockchain technology for multiple use cases on the integrated agricultural portal of the NFUP chain. It will help in securing crucial data like records of production and distribution of farm products, investment history and employment of cultivation land projects, pre-purchase surveys, and production and profit distribution modules. This will aid the NFUP in designing a transparent and virtuous cycle inside the network that can boost the authenticity of products, pool investment from entities, and enhance the stability of the producer’s business operations.
FLETA is confident that the NFUP mainnet can turn out to be a strong representative use case for the former. It works as a revolutionary portal for the DApps willing to launch mainnets characterized by its speed and high-end scalability advantages. FLETA is dedicated to strengthen the DApp sector with its advanced services and tools. The team is working to launch more than ten projects’ mainnets this year.
NFUP works as an agricultural blockchain ecosystem leading 6th industry joining primary, secondary, and tertiary industries. Distinct from the traditional model, the NFUP format allows producers to sell their products and services to consumers in a direct mode without losing the retail margin rate to the intermediary parties. As the producers sell a wide range of goods other than agricultural goods, they can earn additional income from the system easily.
Benefits of using NFUP
- Increased business stability by assessing demand for agricultural products using the pre-purchase survey.
- Producers get the necessary investment from investors for their agricultural products. They can increase the profit level through suitable and stable investments.
- Consumers can use e-commerce-based order and payment features to buy products.
- Distributors can increase profits by executing delivery, distribution, and sales contracts in the portal with ease.
The NFUP team is set to open a shopping mall in August which will receive a wide range of agricultural products via its 14 branches in the country and other entities. It aspires to boost its operations from a local level to a worldwide scale.
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