How Can Blockchain Technology Help Helpless Farmers


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Uploaded on Jul 1, 2020

Category Education

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.

Category Education

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How Can Blockchain Technology Help Helpless Farmers

Copyright © Blockchain Council www.blockchain-council.org 1 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. Copyright © Blockchain Council www.blockchain-council.org 2 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. Copyright © Blockchain Council www.blockchain-council.org 3 Knowing The Blog · Identifying the problem · Blockchain solution · Benefits of blockchain · How can web developers help · Summing up Copyright © Blockchain Council www.blockchain-council.org 4 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. Copyright © Blockchain Council www.blockchain-council.org 5 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. Copyright © Blockchain Council www.blockchain-council.org 6 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. Copyright © Blockchain Council www.blockchain-council.org 7 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. Copyright © Blockchain Council www.blockchain-council.org 8 · 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. Copyright © Blockchain Council www.blockchain-council.org 9 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. Copyright © Blockchain Council www.blockchain-council.org 10 · Traceability Of Food Blockchain technology, you can automatically trace the apple to the grower. The supply chain with blockchain becomes more open. Copyright © Blockchain Council www.blockchain-council.org 11 · 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. Copyright © Blockchain Council www.blockchain-council.org 12 · 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. Copyright © Blockchain Council www.blockchain-council.org 13 · 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. Copyright © Blockchain Council www.blockchain-council.org 14 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: Copyright © Blockchain Council www.blockchain-council.org 15 · Mobile finance · Digital Identity · Increase profits for farmers Copyright © Blockchain Council www.blockchain-council.org 16 · Access to insurance and loans · Links to new goods and services · Empowerment to small farmers · A better life for families and local communities Copyright © Blockchain Council www.blockchain-council.org 17 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. Cop yright © Blockchain Council www.blockchain-council.org 18 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 Copyright © Blockchain Council www.blockchain-council.org 19 THANK YOU! Any questions? You can mail us at [email protected] Copyright © Blockchain Council www.blockchain-council.org 20