CoinVoice has recently learned that, according to CryptoPotato, Cardano has partnered with Atómico 3, Zengate, and Alto Grande to launch what is claimed to be the world's first lithium tokenization project in Argentina, scheduled for the first quarter of 2025.
The project will utilize Cardano's blockchain technology to convert the ownership of lithium into digital tokens, allowing investors to trade shares of the mineral without actually handling or owning it. This process aims to democratize resource access through secure and immutable blockchain transactions, increasing liquidity and facilitating international trade.
Argentina has the largest lithium reserves in the world, with most of them concentrated in Catamarca, Salta, and Jujuy. This metal is not only the cornerstone of electric vehicle (EV) batteries and renewable energy storage but is also crucial for the global transition to clean energy. Some analysts estimate that driven by the ever-growing global demand, the value of the electric vehicle industry alone could reach $1.3 trillion in the next three years. [Original link]
