Agriculture Blockchain is a shared ledger between partners. Partners can upload the information and data about their products or services along with its physical movement using distributed App (DApp). So it becomes the single point of all shared information. The sensitive information can be handled on a private channel to hide it from public network.
Become a Partner
- Commission per transaction
- Smart contract capability
- Access to analytics in a secured manner with anonymised data and monetisation
- IT capability & Blockchain Technical know-how (If not, then our Tech partner will help you set up)
- You need to run node
- Deploy smart contracts for users
Advantages of blockchain in Agriculture
- Transparent + Streamlines Operations
- Analytics + Customer engagement
- Low cost transaction
Blockchain tech is built with secure “blocks.” These are copies of the document that are chronologically stored and linked to the previous blocks. This makes them highly secure and challenging to falsify. A hacker would have to change hundreds of copies at the same time, which is nearly impossible without the software picking up on it.
In Agriculture blockchain, all partners upload the information on the cloud. Blockchain technology can show updates to the product in minutes. All partners know exactly where a product stands at all times. You can see exactly where a product is, how it’s being made, and when it will be delivered—right on one platform.
If you are a bakery, and procure specific wheat flour. You would see wheat farmers uploading their side of important information such as farm inputs, product type and size, harvest time, and lastly the time and status (moisture level / humidity) when it leaves the farm. The logistics company, flour mill, distributor will have their data recorded in a similar fashion till it reaches to the deliver point. Making whole wheat supply chain transparent.
This system can also alarm everyone if some of the shipment were damaged already, and at what stage it was damaged, so everyone in supply chain now know how many products are there, when they will arrive, and the condition they will be in at delivery. It also ensures that quality standards are met, giving the seller-buyer more control of the production and supply of the product from A to Z. This way, the entire supply chain operations can be streamlined to maximise output.
This digitization of logging all important information about ‘wheat flour’ leads to less administrative work and more consistent data tracking. You don’t have to try to connect with your supply chain partners to get the information you need; you sign on to the agriculture blockchain to instantly download that information. Everything about the product is in one spot, making communication and operations highly streamlined.
Using Analytics it can help create forecasts and predictions based on previous data, and it can allow users to pinpoint lags in the supply chain. Moreover, customers can also have access to certain data on the agriculture blockchain. Such as- wheat farmer, chemical inputs, how hygienically it was stored or transported etc. This will help to build deeper client relationships and loyalty.
Lastly, agriculture network will have its own tokens (agri.coin), which can be used between network partners to pay each others, instead of using fiat currency and banking system for every transaction. Since we will not be doing ‘proof of work’ (PoW), the cost will be significant low than any banking channel to transact. The purchase and cashing out will be done through banking channel only. The trading of coin will not be allowed at this point.
Become a Partner
(One of our founding member will get back to you to take it further)