Agriledger, a blockchain startup recently announced a blockchain ecosystem for farmers in Haiti, bringing clarity to the supply chain while bolstering sales.
On Feb. 28 Spring Wise made the announcement stating that their goal was to ensure that farmers receive adequate pay for their crops.
#Haiti restoration will be achieved by having #investments for growth. #GECAHaiti among the first selected batch. #fintech #growth #womenintech https://t.co/ZClNMxgtBD — Genevieve Leveille (@GinouInLondon) January 29, 2020
Agriledger’s blockchain-based solution assigns farmers enrolled in the system with a digital ID number. With this ID, farmers become part of the digital supply chain. Agriledger additionally allows these Haitian farmers to tokenize their products, granting them greater access to peer-to-peer dealings.
Agriledger’s blockchain underpinnings have allowed for a far more transparent solution than what has previously existed in the region. Parties can now trust the validity of data they interact with, which smooths the process of acquiring loans and other financial services for the participating farmers.
The ecosystem also touts digital wallets and payments, bolstering the additional benefits of convenience and speed. Looking toward the future, Agriledger aims to build a software-as-a-service (SaaS) platform in which suppliers and retailers can interact.
Supply chain management continues to grow as a hot use case for Blockchain technology.