Uploaded on Jul 1, 2020
The requirement for data integration has developed from regulatory stresses, controversies, and food crises. A blockchain platform can play an essential role in the knowledge of the supply chain for technology that allows easy traceability of product information.
How Can Blockchain Technology Help Helpless Farmers
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How Can Blockchain Technology Help Helpless
Farmers
In recent years, the agricultural sector has revolutionized tremendously, but it still
faces several handles. For a long time, the supply chain has been met with a non-
transparent, inefficient, and non-communicating network made up of systems,
data, actors, and goods. Disconnection and lack of transparency complicate
problems of fair pricing and product consistency.
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The requirement for data integration has developed from regulatory stresses,
controversies, and food crises. A blockchain platform can play an essential role
in the knowledge of the supply chain for technology that allows easy traceability of
product information.
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Knowing The Blog
· Identifying the problem
· Blockchain solution
· Benefits of blockchain
· How can web developers help
· Summing up
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Identifying The Problem
Blockchain Professionals suggest that 50 percent of crop value vanishes
between harvest and point of sale. Root cause: Middlemen.
But how can we get rid of the middleman? When this happens, how can the
farmer be part of the economy? One may consider using PayPal, credit card. Yet
all of these methods include a high fee and a sticky red tape that farmers do not
have to contend with.
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The solution, therefore, is the heavenly technology of blockchain. Blockchain
establishes a direct association between farmers and retailers and consumers.
Blockchain technology empowers small farmers to come together and organize
themselves to enter the market without intermediaries.
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This happens by adapting the means of cryptocurrencies such as Bitcoin. Through
means of cryptocurrencies, farmers are incorporated into the global economy
because there is no organization in the center of the producer and the consumer.
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Blockchain Solution
A blockchain is a database accommodating transaction details, information, and
records called blocks. These blocks clasp incorruptible trust, i.e., the block’s data
can’t be changed even if God wanted to. Inexact words, the data is permanent.
You can place something that holds value on the blockchain. Eg. Gold, land, etc.
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· Blockchain can be used to track crops, produce higher quality goods, and
provide better information to producers, food distributors, and restaurants.
· In addition to costs, blockchain may help to keep track of other food-related
data, such as origin, the temperature at which it is stored, how it is transported,
etc.
So along with the cost, other factors are also beautifully catered to the blockchain.
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Benefit Of Blockchain
· Reduced Human Error
Digital technology reduces financial and physical losses due to human
carelessness and dereliction. The workforce can be minimized when services are
automatic, thereby reducing waste and misuse of resources. Blockchain helps
farmers mitigate potential losses by using available data on the type of crop and
possible diseases to strike the crop.
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· Traceability Of Food
Blockchain technology, you can automatically trace the apple to the grower. The
supply chain with blockchain becomes more open.
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· Reduced Payments And Fair Rates
Blockchain provides an open platform for both suppliers and purchasers to
negotiate reasonable prices for their goods. Suppliers may allow direct mobile
payment transactions with buyers.
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· Improved Access To Financial Grants And Loans
Blockchain technology makes it possible for farmers in developed countries to
have access to financial aid because many farmers in these countries can not
afford the money to modernize their agriculture. Mobile banking can upkeep traces
of the Ledger account for convenient access to finance.
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· Used In Protection For Crops
Farmers have been faced with volatile environmental conditions since the advent
of agriculture. It has been a challenging task for farmers to seek damages as most
farmers in developed countries do not keep records of their actions. However, with
the implementation of this technology verification, it is simple, first, and foremost.
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How Can Web Developers Help?
It’s very quick for a blockchain developer to connect cryptocurrency as a
payment portal to any website.
The objective is to provide the following essential financial services to farmers:
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· Mobile finance
· Digital Identity
· Increase profits for farmers
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· Access to insurance and loans
· Links to new goods and services
· Empowerment to small farmers
· A better life for families and local communities
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Summing up
Blockchain technology is likely to solve the problems of the agricultural and food
industries enormously. Farmers in the developing world have always been
fascinated by technology that provides real value and makes sense. Present-day
agriculture can be strengthened if blockchain technology is impressed. If you have
further interest in blockchain, you can check out a
Certified Blockchain Professional Course.
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Blockchain Council Certifications
You can check out our certifications, and kick start your career in the Blockchain
space today.
● Certified Blockchain Expert
● Certified Blockchain Developer
● Certified Smart Contract Developer
● Certified Solidity Developer
● Certified Ethereum Developer
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THANK YOU!
Any questions?
You can mail us at
[email protected]
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