Carnes Validadas Receives Grant to Support a New Supply Chain Asset Tokenization

October 13th, 2021 - Having launched the Algorand Foundation Grant Program last year, we have received many submissions from developers and innovators globally who have been eager to participate and grow the Algorand ecosystem. After thorough review and selection, we are delighted to announce that Origino - Carnes Validadas is the latest Grant recipient.

Carnes Validadas is a global and ready to use SaaS platform with blockchain technology that easily permits supply chains for extended traceability of products. This allows the patrimonial activation of every animal, unlocking financial services and starting a new era for insurance in the supply chains.

“Origino” released in September 2020 it’s first product, Carnes Validadas, allowing every actor in the meat supply chain to make extended traceability of their product in a ready to use platform, minting 1 NFT for each cow being traced. To date, meat brands have minted 30.000+ active NFTs, leveraging blockchain traceability and QR code labeling to differentiate, decommoditize and add value to their product. This way, consumers around the world can see the origin, history, provenance and detailed data and pictures of each individual product. Further, users can use this NFTs traceability to give Proof of Existence of the asset, and obtain credits and insurances.

Nico Balestrini, COO & Co-Founder: “We are very pleased that Algorand Foundation believed in our project, which started as Agtech and rapidly moved also to Insurtech and Fintech, as it will help to financially include producers who have thousands of dollars in cows but can not use them to take any credits. This grant and using Algorand blockchain will leverage all our services and unlock a new supply chain asset blockchain trace model, with all that means. Our team is already creating the future of supply chain pegged stablecoins on Algorand and is happy to work with Algorand’s awesome ecosystem Dapps’’.

‘’We're delighted to support the Carnes Validadas grant application” said Addie Wagenkneckt of the Algorand Foundation. “Algorand’s Layer-1 blockchain is scalable, secure, fast, final, low cost and sustainable - making it an ideal platform for Carnes Validadas. This grant partnership shows the value in NFTs as a supply chain use case. It enables producers in LATAM to benefit from the transparency and traceability the Algorand protocol will provide and will offer them the opportunity to gain access to financial services such as credit and insurance, which they currently cannot access from traditional financial institutions in LATAM’’. 

Algorand Foundation is proud to support this project with funding through the Algorand Foundation Grant program. For more information on Carnes Validadas, please visit https://carnesvalidadas.com or follow them on Twitter

If you are interested in submitting a project for support from the Algorand Foundation Grant program, please apply here.