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
Why Hiring Spearmint is a Smart Choice?
Services Provided by Spearmint for Blockchain in Agriculture
Digital Identity Management
Smart Contracts Development
Farm Inventory Management
AgTech IoT Development
Weather Forecasting
Farm Management Software (FMS) Development
Agricultural Supply Chain Management
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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