The last part, about the significance of the Malu grape project
Let's take a look at the practical promotion difficulties of this agricultural non-standard asset
1. First is the non-replicability of policy dependence
This project deeply relies on the Shanghai Pujiang Data Chain (state-owned capital alliance chain) and government coordination mechanisms, especially when the underlying assets have state-owned attributes, it is far from independent of government support and resources.
This point excludes many projects. Not to mention whether they can be accomplished, localities will first consider many factors beyond economics from a political perspective, which is quite difficult to grasp.
2. Secondly, the scale threshold of technical costs
Compared to industrial or financial assets, agricultural assets require initial investment in data collectors
In the Malu project, over 300 IoT sensors are deployed in a 600-acre core area, with an average equipment investment of over 20,000 yuan per acre, far exceeding the capacity of small and medium-sized farmers.
For agricultural products like cabbage, with a premium rate of less than 5%, costs cannot be covered at all
3. Industry limitations of asset standardization
A major issue with agricultural products is the pricing standard. Grapes are easy to standardize due to 'one string, one code' traceability and controlled cultivation, but many other agricultural products simply cannot achieve this.
For example, tea leaves. How do we ensure that data about the origin, picking methods, and tea frying processes are recorded on the blockchain and remain authentic without being tampered with?
In addition, there are many unexpected difficulties, which need to be analyzed specifically for the underlying assets.
Similarly, for some aquatic products, auditing itself is a significant difficulty. This year there were reports of poor water quality leading to a loss, and next year a typhoon comes and the fish follow, making these assets inherently unsuitable for blockchain.
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Project Summary
This is my first case in the trilogy of China's RWA real ecology, corresponding to China's non-standard assets; similar projects face questions that are basically similar to this project.
We can see that, limited by asset and compliance issues, such projects can only be considered semi-finished products of RWA, and their real value remains to be discussed. At present, the significance of publicity and pilot projects outweighs economic benefits.
In the next project, we will study Langxin Technology's charging pile RWA project, corresponding to China's standard wage assets.
It can basically be seen as a further step beyond agricultural non-standard asset RWA.
It's not easy to write, and I hope friends will support more haha, welcome to share your views.