Last year, Malaysia’s total durian exports solely to China stood at US$2.26 million. This is expected to increase tremendously with a recent agreement between Malaysia and China that allows whole fruits to be exported. With a population of 1.4 billion and only 1% of mainland Chinese having tasted durian, the potential for additional growth is exponential.
However, behind these lucrative numbers are terribly expensive legacy supply chain systems, constant battles against food fraud and many more. These not only make the entire value chain inefficient but also eat into everyone’s profits with consumers paying the price. To put things into perspective: optimising just 1% of Malaysian agriculture gross output will lead to US$220 million in cost savings alone.
Despite the recent rise in agritech, many solutions are isolated and not interoperable. What fills the gap here is a macro solution that acts as a bridge between current solutions and also future solutions. By creating a decentralised tokenised ownership platform, ALT-TOP enables common investors and stakeholders in its industry-specific ecosystem to benefit from blockchain technology. While solving agricultural problems, we will allow individuals and businesses to digitise and trade real-world items digitally and seamlessly. In order to fully optimise and benefit from this huge market, we have identified and crafted an extensive masterplan to tackle each problem.
To find more in depth information, check out our previous article where we mentioned inefficiency within the agricultural industry and how we will change and solve them. We believe that not only will tokenisation of agricultural assets be the catalyst and bridge for agritech solutions but also trigger an agriculture industry boom starting from Malaysia. Therefore, ALT-TOP is in pole position to optimise the global agriculture industry starting from Malaysia’s US$22 billion market. Most importantly, it is ALT-TOP’s mission and vision to provide a solution that will benefit multiple parties in the agriculture value chain.
It doesn’t matter if you’re a durian lover or a crypto lover, be a part of ALT-TOP by participating in our token sale through our website. Like our Facebook page (ALT-TOP) to receive the latest updates or by joining our Telegram group (ALT-TOP) to check out what we’re all about!
