HAITIAN FARMERS USE BLOCKCHAIN TO SECURE BETTER PRICES
UK-based startup Agriledger has created a blockchain system to help Haitian farmers sell their products at fair prices. The system fosters trust on both sides of the transaction, leading to better income for farmers and better goods for consumers.
The startup’s system offers farmers a number of services, and access to global markets and banks. Using blockchain technology, it provides registered farmers with a unique digital identification number, which makes the farmers key players in the supply chain, and gives them access to financial services, logistics, insurance and other services.
The farmers can also tokenize their assets, making peer-to-peer trading easier and giving them further access to the commodities market. This digital system provides the farmers with several benefits; the data is inherently trustworthy, so the entire supply chain is more transparent and traceable, and it also simplifies record keeping, so it is easi…
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