How Can Blockchain Technology Help Helpless Farmers?

by Blockchain council Blockchain certifications

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. 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.

Knowing the blog

· Identifying the problem

· Blockchain solution

· Benefits of blockchain

· How can web developers help

· Summing up

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. 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.

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.

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.

· 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.

Benefits 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.

· Traceability Of Food

Blockchain technology, you can automatically trace the apple to the grower. The supply chain with blockchain becomes more open.

· 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.

· 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.

· 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.

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:

· Mobile finance

· Digital Identity

· Increase profits for farmers

· Access to insurance and loans

· Links to new goods and services

· Empowerment to small farmers

· A better life for families and local communities

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.