Agriledger, a blockchain focused entity, developed the aforementioned blockchain platform.
Their objective is to guarantee that farmers get justifiable price for their crops, according to a news report by Spring Wise.
Agriledger’s blockchain powered solution designates farmers registered in the platform with a digital ID number.
The ID enables farmers to become firmly associated with the digital supply chain.
Agriledger furthermore facilitates these Haitan farmers to tokenize their produce, paving way for better access to P2P (peer-to-peer) transactions.
Agriledger’s blockchain offering have paved way for a better transparent process than the one which existed earlier in the zone.
Partakers can now place confidence in the info they utilize, simplifying the procedure of receiving loans and other financial facilities by farmers.
The ecosystem also boasts about the use of digital wallets and payments, boosting the added benefits of comfort and swiftness.
Going forward, Agriledger intends to develop a software-as-a-service (SaaS) platform in which suppliers and retailers can communicate. Supply chain management is turning out to be the prominent use case for blockchain technology.
Notably, a few weeks back, Avril Group, an agro-industrial collaboration having expertize in nutrition, began adopting IBM’s Food Trust blockchain network for its logistics.