SANTA MONICA, CA, Feb 28, 2022 - (ACN Newswire) - Power of One Foundation ("POOF") has entered into a partnership with Legacy Block (BLCK:Pancakeswap). BLCK is an operating division of Peerless Exponential Partners, LLC (PXP). By way of the partnership POOF will use Legacy Block's BLCK governance token as the governance token for a series of new blockchain based projects targeted at ending hunger in the United States. These projects will materially increase POOF's reach and efficiency in addressing its goal that aligns with the United Nations Sustainable Development Goal (SDG) - Zero Hunger.
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Legacy Block ("BLCK") is the governance token of several protocols seeking to address some of the world's greatest challenges. "We believe we can use our token to solve some of the world's pressing challenges," says Joel Plasco, Co-Founder of Legacy Block. "When we set out to do this in Nigeria we were met with pessimism, what we now know is people will invest their time in what we call Personal Natural Resources ("PNR") to help themselves and their community. Blockchain and tokens are a very helpful tool for documenting and rewarding people for their participation."
Through the partnership POOF will work with Legacy Block to create new food security solutions leveraging the power of Blockchain. POOF's expertise and capabilities have been tested and honed over the duration of the Covid Pandemic. In 2020, as the effects of Covid halted the economy and devastated the income for tens of millions of Americans, POOF stepped up to feed over 3 million people in California and distributed over 10 million lbs of food earning it 2020 California Nonprofit of the Year.
"We learned during the height of the pandemic that new blockchain based tools could have possibly helped us increase the number of people we fed and could have helped people in need get other vital services. We believe we can use PNR to convert time and other intangible assets into tokenized monetizable assets," says Andre Roberson, CEO of Power of One Foundation.
By working with POOF, Legacy Block believes in the acquisition and utility of cryptographic assets available to everyone on the planet. Legacy Block has signed up 100,000 members in Africa who have pledged more than 5 million hours of their time to help social innovators who solve real world problems. These members are using PNR to eliminate extreme poverty. Legacy Block has agreed as part of this partnership to provide training and start-up capital to 50,000 POOF members which will allow those members to use PNR to reduce food insecurity.
"Applying PNR to food securities issues in the USA is the next step in creating a global PNR ecosystem capable of reducing financial inequalities," says Master Node Holder Lou Zant.
"We are excited to work with Legacy Block to help 50,000 of our community members activate their Personal Natural Resources ("PNR") to achieve permanent food security and to have access to the Legacy Block BLCK governance token and the great minds gathering to solve real life problems using blockchain," says Andre Roberson.
About Legacy Block
Legacy Block is an operating subsidiary of Peerless Exponential Partners, LLC, a company headquartered in the USA. Its purpose is to provide a framework for governance and coordinate the Legacy Block Initiative. This will foster transformative social impact through decentralized technologies in support of financial inclusion. The goal is the elimination of extreme poverty to ensure universal basic opportunities exist for every citizen on the planet.
Forward-Looking Statements This press release may contain "forward-looking statements." Forward-looking statements reflect the current view about future events. When used in this presentation, the words "anticipate," "believe," "estimate," "expect," "future," "intend," "plan," or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements include, but are not limited to, statements contained in this presentation relating to the view of management of any company mentioned in this press release. (the "Company") concerning its business strategy, future operating results, and liquidity and capital resources outlook. Forward-looking statements are based on the Company's current expectations and assumptions regarding its business, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. The Company's actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements. Factors or events that could cause the Company's actual results to differ may emerge from time to time, and the Company can't predict all of them. The Company cannot guarantee future results, levels of activity, performance, or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comPower of One Foundation ("POOF") has entered into a partnership with Legacy Block (BLCK:Pancakeswap). BLCK is an operating division of Peerless Exponential Partners, LLC (PXP).
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The global blockchain in agriculture market size is expected to reach US$ 2068.5 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at 41.00% CAGR between 2019 and 2029.
According to the report, increasing cases of food contamination and food scams in the agricultural sector giving rise to growth of transparent supply chain methods; this factor is expected to act as a driver for the market growth. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
It includes in-depth insights into the blockchain in agriculture market. Some of these are:
The estimated value of the market was at US$ 66.6 Mn in 2019. Through the course of the report's forecast period, the market is exhibited to show a steady pace of growth.
Asia Pacific is a leading producer of farm products and foodstuffs. Which means the risk of food contamination and fraud in the supply chain in this area is higher.
The majority of Asia-Pacific countries export their food products to other nations. For example, most Asian countries export fruits and vegetables to European countries, as the highest food traceability requirements in this area are being witnessed.
During the forecast era, the application and solution provider segment is expected to rise to the highest CAGR.
The hacking and piracy of information available on blockchain networks is likely to curb business growth.
In terms of provider, the middleware provider segment is forecast to remain dominant through the course of the report's forecast period.
“Blockchain technology is revolutionizing the food and agriculture industries by improving the decision-making ability of organizations operating in these sectors,” said a lead analyst at FMI.
Production and Distribution Impacted Due to COVID-19 Outbreak
A preliminary picture of the aftermath emerges with the global pandemic of COVID-19 causing an ongoing crisis, of late. Stay-at-home orders and full lockdowns that initially resulted in a sudden increase in the blockchain consumer footprints on the agricultural sector, culminating in many logistical challenges and then a normal sales drop. Market scenes of growth, distribution, sales, and import-export are thus largely hampered. The novel coronavirus epidemic has undoubtedly led to a slump in sales, not because of the scanty stock but because of the disconcerted production and distribution chains.
Who is Winning?
The key players in the global blockchain in agriculture market include BM (US), Microsoft (US), SAP-SE (Germany), Ambrosus (Switzerland), Arc-net (Ireland), OriginTrail (Slovenia), Ripe.io (US), VeChain (China), Provenance (UK), ChainVine (UK), AgriDigital (Australia), and BlockGrain (Australia).
In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.
Get Valuable Insights into Blockchain in Agriculture Market
Future Market Insights, in its new report, presents an unbiased analysis of the global blockchain in agriculture market, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights into growth witnessed in the market. The global blockchain in agriculture market can be classified based on application, which is further segmented into product traceability, smart contracts, risk & compliance management, governance, and payment & settlement.
Based on the provider, the market is classified into application & solution provider, infrastructure and protocol provider, and middleware provider. On the basis of organizational size, the market is sectored into large enterprises and SMEs. Regionally, the market can be segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA.
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While all full size luxury sedans supposedly compete with each
other, the Tesla Model S and Porsche Taycan face off against each
other to a greater degree, given that they are the only two
electric vehicles in this segment with historical data (the
Mercedes-Benz EQS and Lucid Air just launched this past fall and
therefore have little data with which to analyze their
performances).
A review of the migration patterns of these two full size luxury
electric vehicles, as well as their inventory levels and
registration volumes, suggests there is substantial marketplace
interaction between them.
As shown on the table below, there are three time periods within
the past twenty two months when Taycan registrations jumped month
over month and, simultaneously, Model S migrations to the Taycan
also rose. In April 2020, Taycan registrations jumped 268% to 153,
and at the same time the percent of Model S households that
migrated to a Taycan rose from .2% to 3.3%, an increase of more
than 1,000%.
The same type of dynamic occurred four months later in August
2020, when Taycan registrations climbed 38% month-over-month to
615, and Model S migration to Taycan simultaneously more than
doubled (as a percent of total Model S migrations) to 11%.
The third and last of these events, which occurred in August
2021, was the most pronounced of the three. Taycan registrations
climbed 44% to 1, 072, and Model S migrations to Taycan, as a
percent of Total Model S migrations, more than doubled to 17.3%.
This metric actually climbed in September to 21.4%, the highest
monthly tally of Model S migrations to Taycan in this 22 month
window.
During this third event, note that heightened migration from
Model S to Taycan had a substantial impact on Model S fuel
type/brand loyalty. In other words, during this series of events
last August and September, the percent of Model S households
acquiring another EV that returned to Tesla dropped to 22 month
lows of 75% and 67.5%, respectively.
Lastly, it is important to bear in mind that these heighted
movements from Model S to Taycan occurred at times when Model S
registrations were substantially below monthly norms, suggesting
limited supplies. With this in mind, it seems to be too early to
determine which of these models has the greater appeal to retail
consumers. Only when both models' inventories have climbed back to "normal" levels will we be able to see how the market dynamics net
out between them.