The use of blockchain in agriculture is gaining momentum. Agriledger Haitian blockchain solutions will empower the country’s farmers, helping them improve crop yield and also boost their sales efforts. Agriledger, a startup from the U.K., will build a comprehensive blockchain ecosystem for Haitian farmers.
The proposed solution will bring about radical changes in the country’s farming realm by improving supply chain mechanism and boost the sale of agricultural produce. Agriledger system will make sure the farmers receive appropriate compensation for their food. The Spring Wise post stated that the country’s farmers were facing chronic inefficiencies in supply chain mechanisms leading to widespread loss of crops.
Agriledger Haitian blockchain will empower low-income farmers
Agriledger blockchain solution to empower Haitian farmers
Farm labor is under distress in Haiti following decades of failed agricultural policies. Also, natural disasters have crippled the system, further forcing farmers to resort to inefficient supply chain processes causing acute price disruptions. The use of blockchain in agriculture can change all this. The new Agriledger Haitian blockchain solution will make each farmer integral to the country’s agriculture economy.
Farmers will be enrolled en masse in the system through a digital ID. Distributed ledger technology ensures cryptographic ID remains unique, and no authenticity issues creep in regarding the payment. Farmers are made a part of the digital supply chain. Furthermore, the Agriledger Haitian blockchain system will tokenize the farmer’s produce so they can benefit from peer-to-peer selling mechanism.
Blockchain in agriculture can spur a global phenomenon
Agriculture is perhaps the only field that was relatively untouched by blockchain so far. Yet, it is also the one that has a profound impact on human lives. Using blockchain to empower farmers and improve their supply chain mechanism can significantly impact human society. The way food reaches our plates has to be changed since decades of failed policies by centralised systems have caused widespread inequalities leading to famines and food wastage.
The Agriledger Haitian blockchain solution will bring transparency to the region’s farming sector. Also, access to loans will be improved significantly. Transactions can be verified at both ends by the parties involved through their wallets. The rise of blockchain in agriculture sector is rapidly rising. Recently, Avril Group implemented IBM’s Food Trust for improving its supply chain. Both retailers and farmers interact transparently to deal with crops.
Featured Image by Pixabay