Will Stratis take over the fish and seafood industry by partnering with Earth Twine?
Did you know that the fish and seafood industry is the second largest traded commodity on earth? Did you know that this industry apparently accounted for $158bn in 2015 (according to some reports)? Did you know that this industry has a lot of (technical) challenges when it comes to complying with regulations and laws, battling fraud and fish laundering? Have you heard of the company Earth Twine that wants to drive technical growth in this industry with their framework and help solve many of these challenges? Did you know that Earth Twine recognized that blockchain technology is a key link in their software portfolio and they also recognized they don't have the knowledge in-house to implement it themselves in an efficient and timely manner?
Stratis to the rescue
If you're a BAAS (Blockchain As A Service) company like Stratis the information above would have surely had them put a lot on the table in order to partner with Earth Twine. Earth Twine is a company that is pioneering in the fish and seafood industry just as Stratis is pioneering with blockchain. Both of these companies actually needed each other and they happened to find each other.
Yesterday Stratis released a press release which states that they have a partnership with Earth Twine and that together they will create the world's first seafood dedicated blockchain which will target all stakeholders in the entire supply chain. This is a major accomplishment targeting a huge industry. If Stratis and Earth Twine succeed both of these companies will profit immensely from it, no doubt. Their Director of Operations (@PolyCoins on Twitter) calls it one of their flagship projects.
Stratis is one of the best cryptos for holders
If you've been following me you might have seen several posts where I wrote about Stratis being architecturally and therefor technically better than Ethereum. I believe Stratis will succeed as a BAAS company but this of course takes time. They're not even fully developed yet like many others in this point of the game. Take a look at their roadmap and see for yourself that they have delivered highly interesting tech and still have great tech to deliver (breeze wallet, side chains and smart contracts anyone?). Stratis is one of the best cryptos that you can buy in my opinion if you're a holder, the potential to rise to Ether prices is there (according to my magic eight ball at least). This new partnership with Earth Twine adds to that, the development of the dedicated blockchain perhaps calls for a roadmap of itself as it's such a huge project. I'm very curious to see how this will play out!
Earth Twine is a question mark for me though...
I have no doubt that Stratis knows how to help Earth Twine with all blockchain related tech and implement it in their own framework. But from what I can tell Earth Twine is an even younger company than Stratis and on their website I cannot find any information about achievements in the industry coming of their framework. It seems to me that they are in the beginning phases of what they want to achieve in the industry and Stratis needs to help them with that.
The big question now is if Earth Twine will be able to succeed in getting their framework implemented all across the entire supply chain that they target. If they do, excellent news for both Earth Twin and Stratis. If they don't manage to do this over time it would mean that the Stratis blockchain tech will not be revolutionizing this industry. I hope for the best and I hope Earth Twine has enough experienced people on board to sell their framework, time will tell. I will keep holding my STRAT for a few more years though!
Like this post? Feel free to upvote, comment and resteem. And, as always... keep up the good work and may the Steem be with you!
Want to buy cryptocurrency? I have bought most of what I hold at Litebit.eu and have very good experiences with each and every order.
Want to help fellow Steemians? Join steemfollower.com, a very easy to use upvote and follow exchange.
Really nice post, i didn't know about this yet and i already believed in Stratis. I just named it my 2nd pick to buy and hold in my recent post! This is great news for Stratis and the people holding it (like me). Nice post upvoted and resteemed!
Thanks mate! I strongly believe in Stratis, good to hear you seem to do as well!
It has been good to me in the past (I bought mine at a price of 0.6USD each) and i do believe it will continue to grow!
@originalworks
@OriginalWorks Mention Bot activated by @valderrama. The @OriginalWorks bot has determined this post by @valderrama to be original material and upvoted it!
Do you like what @OriginalWorks is doing? Give it an upvote!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
For more information, Click Here!
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by valderrama from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
This post has received a 3.13 % upvote from @drotto thanks to: @banjo.
This post has received a 2.44 % upvote from @booster thanks to: @valderrama.
This post has received a Bellyrub and 17.11 % upvote from @bellyrub thanks to: @valderrama. Send SBD to @bellyrub with a post link in the memo field to bid on the next vote, every 2.4 hours. Be sure to vote for my Pops, @zeartul, as Steem Witness Hope you enjoyed your bellyrub!