Why Prefer Blockchain for Agriculture?
Agricultural industry gets benefited through blockchain with the ability to forecast unfavorable climatic weather conditions, reduce the land holding costs. It also helps in eliminating the extra charge levied on agricultural loans and other property buying by reducing the intervention of third-party services. The important benefit that blockchain brings agriculture is that it reduces the farmers’ debt by increasing the customer reach and reduce the rate of interest on their credit loans. Blockchain increases agricultural innovation to provide better yield.
Business Models for Blockchain in Agriculture
Blockchain for Supermarkets
Connect with farmers directly and distribute authentic food products
Blockchain for Agricultural IoT
Use advanced technology tools to forecast unforeseen agricultural disruptions
Blockchain for Agricultural Banks
Eliminate the burden of farmers by reducing the rate of interest in all loans
Blockchain for Warehouse Distribution
Assess quality control and track transportation in real-time
Blockchain for Weather Forecasting
Predict the climatic behavior and monitor the weather conditions
Blockchain for Agricultural Finance
Reduce transparency in sending and receiving agricultural payments
Types of Blockchain
Consortium Blockchain
Private Blockchain
lower cost
Services Provided by SoluLab for Blockchain in Agriculture
-
Digital Identity Management
Protect all identities, stop all fraudulent farming purchases and malpractices -
Smart Contracts Development
Increase agricultural accountability and track supply in real-time -
Farm Inventory Management
Plan and harvest crops more efficiently with better inventory management -
AgTech IoT Development
Build IoT platform to increase yield, quality and transparency for agro products and create product differentiation -
Weather Forecasting
Use the weather data such as temperature, pressure, humidity and soil moisture to make better harvest -
Farm Management Software (FMS) Development
Monitor and manage all data that is provided by the integration of sensors and drones -
Agricultural Supply Chain Management
Produce, procure, trade and track agricultural shipping and add value to agricultural machinery
Why Hiring SoluLab is a Smart Choice?
Technology and Tools We Use
Ethereum
Enables developers to build and deploy decentralized applications
Hyperledger
A shared ledger that utilizes cryptography and supports smart contracts
Solidity
A statically-typed programming language designed for developing smart contracts
Truffle
Act as a developer environment and testing framework for blockchain technology
R3 Corda
Open source blockchain designed specifically to meet the demands of modern day businesses
Ripple
Provides one frictionless experience for sending and receiving money globally
Quorum
Platform that addresses specific challenges to blockchain technology adoption within the financial industry and beyond
IOTA
Open-source distributed ledger built to power the Machine Economy through fee-less micro-transactions and data integrity
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