Science and technology and its application to regional development
Loan management is a complex process that coordinates agreements among multiple stakeholders in such a way that each party benefits from the arrangement [2]. At the core of our work there is the Asset Token (ATK) which is a compliant ERC-20 token and used for all financial transactions in our proposed system. With this token in our private blockchain network [1], stakeholders can interact in a digital market. Our work includes a Non-Fungible Vehicle Token (VTK) and represents the physical vehicle. Users has access to the ownership of this NFT which prevents fraudulent transactions.
The burgeoning of small gourmet chocolate boutiques worldwide serves as a key driver for niche and ultra-niche marketing of cocoa (Theobroma cacao L.), branded as (a) geographical indication (b) estate origin or (c) based on unique genetics. Over 90% of the cacao farms globally, are small with an average size between 2 and 5 hectares and can benefit from supplying to the gourmet boutiques.
The global essential oils market has been estimated to be US$10.6b in 2021 rising to US$16.0b in 2026 [(Markets, 2021)1] as a result of growth in awareness to preventative healthcare, improvements in the standard of living, along with an increase in the demand for aromatherapy products. With the potential availability of relevant plant materials in Tobago, it is appropriate to develop a strategy for the introduction of Plant Extracts Industry in the island.
The majority of scientific discoveries remain confined to dissertations and peer review publications where they remain hidden from their possible industrial applications. Given the challenges offered by current global events like environmental pollution, climate change effects, and diseases, the need for more rapid transmission of scientific discoveries from the realm of postgraduate dissertations and research papers to industrial applications is most critical. Hence, the need for a clear road map, allowing the connection of both pure and applied scientific discoveries to their industrial applications is obvious. Of course, for this to be achieved, a clear understanding of the constituent steps of such a process is germane. Hence, this brief workshop aims to map a possible path for achieving the aforementioned central goal, using previous experiences and examples.
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