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E-Agriculture in Action: Blockchain for Agriculture

Opportunities and Challenges

image of E-Agriculture in Action: Blockchain for Agriculture

This publication aims to demystify the technology, provide some thoughts on the opportunities and challenges in implementing blockchain-based systems, as well as document some case studies on the use of blockchain for agriculture.

English

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AgUnity: blockchain for the greater good

Forty percent of the world’s population earn their income from agriculture, however over 50 percent of their crop value is lost between harvest and sale. Simple things that were solved decades ago in the developed world are often insurmountable challenges for farmers in the developing world. This includes crop spoilage, poor planning, corruption, unreliable record keeping and a lack of equipment. Two billion of the world’s unbanked are small family farmers, typically living on two or three acres of land and a few dollars a day (a billion of these live on less than USD 1.25 per day). These farmers rarely have access to machinery or equipment to assist in the planting, growing and harvesting of their crops, with almost all tasks being undertaken manually. There is also significantly restricted market access, and they rely on local middlepersons who offer disproportionately below market prices for their crops. These farmers also have no access to any financing such as microloans that would allow them to purchase better quality seeds or to rent farming machinery. Finally, these farmers also have no access to information on best farming practices or how to get the most out of their land.

English

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