Sentinel Chain aims to empower unbanked farmers and business owners in developing countries to seize country of previously “dead capital” into fungible assets. Assets such as livestock can be tokenized using the Sentinel Chain platform, and users will be able to track and verify their ownership of these assets.
Currently, it is not effective providing loans on the collateral of cattle because there is no possibility of checking the ownership of the cattle and it is tough to monitor the cattle and provide a loan based on that
Each of the livestock is fitted with unique tamper-proof RFID tag. The tag details along with the evaluated value and ownership of the livestock are stored in the blockchain. So it is possible for a financial institution to assess complete value of livestock with a owner.
Sentinel chain is also developing an android application — CrossPay. It provides easy on the go access to the overall value of livestock owned by a user
CrossPay blockchain — It is a B2C ecosystem specifically created for the unbanked. This blockchain can be easily accessible through the mobile application
In order to access the Sentinel Chain platform, users will have to use SENC tokens. SENC tokens are primarily used as a medium of exchange for LCT, which is then used to make payments for services or participate in projects. No other cryptocurrencies will be utilized on the marketplace, so as the platform grows in popularity, so should the demand for the token.
Sentinel chain is good both flip and long-term. We’ll be placing a big bet.
