SPICA is the largest, smart agriculture project on ten-thousand-acre farmland in Southeast Asia, dedicated to transforming traditional agricultural economies through blockchain technology across the entire supply chain, including traceability verification, a decentralized agricultural marketing platform, and blockchain finance.
The team leverages the latest distributed agricultural cultivation techniques from the Australian Blockchain Agriculture Lab to achieve smart agriculture, optimize the agri-supply chain, and enhance crop quality while reducing planting costs.
The SPICA public chain aims to create a decentralized agricultural trade network using blockchain technology. This trade network will provide the necessary infrastructure to address all the issues discussed in the agricultural sector as outlined in previous sections.
SPICA will utilize a dual-token system. SPCT emphasizes the nature of ownership and acts as a certificate of project equity, allowing investment in underlying assets based on market value, such as current-level plant ownership. SPCU highlights the nature of circulation within the platform. SPCU can also be traded on our SPICA marketplace. Both SPCT and SPCU can be freely exchanged within our SPICA application.
SPCT will be issued on the SPICA public chain, with its security and credibility guaranteed by the companys underlying assets (land, trees, produce, etc.) and/or independent third-party institutions.