Blockchain Startup Agriledger Launches Ecosystem of Transparency and Opportunity For Haitian Farmers
UK Tech Startup, Agriledger has launched a blockchain ecosystem for Haitian farmers to add transparency to the supply chain and create fairer product pricing for suppliers and retailers.
UK Tech Startup, Agriledger has launched a blockchain ecosystem for Haitian farmers to add transparency to the supply chain and create fairer product pricing for suppliers and retailers.
As reported by Spring Wise on Feb. 28, Agriledger’s system offers farmers in Haiti access to global markets and banks. The system fosters trust on both sides of the transaction, leading to fairer payments for farmers and piece of mind for consumers.
Benefits of a Blockchain Ecosystem
Leveraging blockchain technology, registered Haitian farmers are provided 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 are also able to tokenize their products using Agriledger’s service, further enhancing their access to peer-to-peer dealings.
Blockchain features make the data on the platform inherently trustworthy, enhance the overall traceability and transparency of the supply chain and automates data reconciliation.The system, which includes a digital wallet for fast network payments, makes it is easier for farmers to get loans and access financial services.
Agriledger has announced plans to create a Software-as-a-Service (SaaS) enabled marketplace. The planned service would include communications and an order management platform to ease transactions between food suppliers and retailers.
Haitians are also Trading Waste for Digital Tokens
While tokenizing can provide Haitian farmers with enhanced access to peer-to-peer finance, it is also being implemented in Haiti to encourage people to incorporate more environmentally friendly measures. The initiative offers tokenized compensation for disposing of waste in the right manner.
As reported by Blockchain.News, a Canadian company called Plastic Bank in operation in Haiti and Peru utilizes a blockchain solution to reduce the ecological damage caused by plastic waste.
The company has strategically located recycling centers where people take their waste, such as empty plastic water bottles, cups, and bags in exchange for digital tokens secured via a blockchain platform and can be redeemed for food or charging phones. All the plastic collected is then sold to a buyer for recycling purposes.
Image via Shutterstock
Image source: Shutterstock
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