While agriculture is the most significant sector in rural areas and provides a livelihood for 70 per cent of the world’s poor, it is also the industry that provides the biggest disconnect between supplier and retailer.
Direct link will be established using blockchain , ensuring that farmers receive fair payment for their produce and enabling retailers to verify that they are getting what they’ve paid for.
With Blockchain, we can expect an efficient supply of products, fair pricing, efficient supply and improved product tracking. It will also enable farmers to do real-time management of the stock.
Better pricing and payment options
Blockchain technology will provide lower cost and faster payment options to agri-commerce participants.
Optimizing the supply chain
In addition to helping consumers make informed purchases, the improved supply chain transparency could also greatly benefit farmers.
The ability to track the provenance of products is a key benefit by using blockchain.
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