Fruits of the land: Blockchain traceability gives farmers a competitive advan...
Traceability is key for helping small-scale farmers achieve big benefits, but will blockchain solutions catch on in developing countries? The global food and agriculture industry is a trillion-dollar sector that is growing exponentially. According to findings from the World Bank, agriculture alone accounted for 4% of global domestic product, or GDP, of the United States in 2018. The report further noted that agriculture could account for more than 25% of GDP in developing countries. Meanwhile, it’s important to point out that large corporate farms play a dominant role in the agriculture....
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E-Livestock Global, a venture-funded social enterprise, recently launched a blockchain-based livestock traceability system for Zimbabwean cattle farmers. The Mastercard “Provenance solution”-powered system, claiming to be the first of its kind in Africa, aims to bring “end-to-end visibility to the cattle supply chain.” It could also help Zimbabwean farmers prove the origin and health records of their cattle while reducing risks to buyers. Solution Brings Hope to Zimbabwe Cattle Farmers According to a statement released by Mastercard, this solution could not only....
Overstock.com is expanding its already popular online produce delivery service by teaming up with farmers in 35 states, Retailing Today reports. The partnership means that nearly half of Americans currently have access to this continuously expanding service. Overstock's newest fresh-food partner, Front Door Farms, whose products are now offered through Overstock's Farmers Market, delivers to the customer's door two or three days after harvest. "We chose Front Door Farms because it works with local farmers to harvest fruits and vegetables that are fresh and nutritious," said Overstock CEO....
The project said it would be paying roughly 6,000 farmers for crops adversely affected by climate change before the end of the season. An insurance collaboration between decentralized protocol Etherisc and microinsurance issuer ACRE Africa has allowed thousands of farmers in Kenya to receive coverage for weather-related risks.Etherisc and ACRE Africa said they had processed insurance payouts for some of the more than 17,000 smallholder farmers in Kenya covered under the collaboration. The Chainlink Community Grant, the Ethereum Foundation and the Decentralized Insurance Foundation helped....
New Hampshire, home to 4,150 farms comprised of 471,911 acres of farmland, is a prime destination for local, organic farm products. The state is also home to one of the most robust Bitcoin communities in the world, and as a result you can buy all your organic groceries with cryptocurrency. According to Jessica Love, one of the key organizers behind the Community Market Day Project, a network of small farmers and artisans markets, the desire for more local, natural, and pesticide-free farm products has been growing recently. “There are more and more farmers realizing the consumer/profit....
The backbone of our nation, farmers stand to benefit the most from sovereign money that cannot be diluted or degraded.