ACU is a decentralized ecosystem focusing on improving agricultural practice through blockchain, live farming, and increasing agricultural output globally. As an abbreviation for Agricultural Unions Function as a global agricultural alliance, ACU's mission is to create an ecosystem where producers, distributors, consumers, and investors participating in the agricultural industry can maximize each other's utility. In addition, it provides a service that allows the ecosystem participants to distribute and return new added value properly.
Even IoT-based agricultural equipment has relatively weak computing power, so the storage of agricultural equipment has half nodes. Having a full node is the master node, which is the computer of the producer (agricultural worker). The computer with the authority of the master node exchanges data with all agricultural equipment nodes through edge computing. Through the computer, the producer is supported by all services of the ACU platform and provides data to the ACU commodity data trading center.
In the ACU platform, farmers generate new profits by selling products and selling data through “data transactions.” The ACU’s partners are the Co.op (Agricultural Cooperatives) in each region of ASEAN, consisting of the Co.op leaders. These leaders are strong business partners of ACU and have an open business mindset to acquiring new skills. As future agricultural leaders, they have the reputation and trust to spread new technologies to neighboring agricultural workers.
The ACU Foundation enters into an agreement with the leaders of Co.op in the ASEAN region for smart agricultural partners, supports them, and produces consigned agricultural products. ACU also provides ACU micro-loan service to support them with capital to produce better quality products. The ACU microloan service is provided not only to ACU partners, but also to various participants participating in the platform, and it is achieved through DeFi landing using ACU coins to suit each country’s financial system but not subject to major restrictions.
