Your Gate to Latin American IP

Bolivia poised to increase importance in the beef market

By Orpan - 14/12/2020
Bolivia poised to increase importance in the beef market

According to coindesk, Swiss crypto advisory firm Finka Token will leverage blockchain infrastructure provider CoreLedger to open up “opportunities for traditional investors” by allowing them to trade Bolivian cattle ranching digitally.

“The Finka Token is unique in that it has a built-in link to a secondary market within the CoreLedger platform,” said CoreLedger CEO Johannes Schweifer. “Holders can convert the token into other tradable assets, literally anything from gold to oil or corn.”  “We’re using cattle ranching as a low-risk activity on which to develop a financial instrument supported by blockchain,” said Finka’s founding partner, Carlos Fernandez Mazzi. “We’ve built a good roadmap for other industries to be able to create their own financial instruments for application in other areas of the economy.”

Bolivia is poised to become an important player in the beef export market. 

As Bolivia ramps up its export potential, it has achieved significant sanitary milestones – such as being certified by the World Organization for Animal Health (OIE). Bolivia has long been certified as Foot and Mouth Disease (FMD) free, and has recently received negligible Bovine Spongiform Encephalopathy (BSE) risk (safest status) status. Bolivia’s sanitary status effectively opens the world to top Bolivian sourced beef. In line with this, a recent agreement has been signed with Russia as a new export destination – over and above China and Vietnam. 

By Orpan - 14/12/2020
Subscribe to the Newsletter

Orpan

ORPAN was established in 1955 by brothers Joaquin Soruco (1908 – 1984) and Gonzalo Soruco (1910 – 1994). It was one of the first specialized law firms in patent and trademark matters in Bolivia.

The daughter of co-founder Joaquín Soruco, Mrs. Pilar Soruco, took over the direction of ORPAN in 1986.

At present, Mrs. Soruco is the main partner of ORPAN, working with a specialized team of more than 20 attorneys, assistants and paralegals.