São Paulo Launches Blockchain-Based Microloan Pilot for Farmers

According to Odaily, São Paulo, Brazil's economic hub, has announced the launch of a pilot project utilizing blockchain technology to provide microloans to farmers. The initiative aims to enhance the efficiency and transparency of credit distribution while reducing administrative costs. This effort is designed to facilitate easier access to financial support for agricultural producers, particularly small and medium-sized farmers. This move signifies a further exploration by local Brazilian authorities into applying Web3 technology to the real economy and improving the agricultural financing environment.