Revolutionizing AgTech for Smallholders: Blockchain Leads

Revolutionizing AgTech for Smallholders: Blockchain Leads

written by John Murphy | March 12, 2023

Technology and affordability gaps prevent farmers from maximizing land use, a leading cause of world hunger.  

By 2050, the world’s population is projected to reach 9.7 billion, requiring a significant increase in food production. Unfortunately, the hunger problem remains, with more than 1 billion people going to bed hungry every day in 2021, and experts say the problem has gotten worse over the past five years.

Fortunately, many experts agree that modern technologies, including artificial intelligence (AI), can improve the outlook for global food production.  

Climate change, which is causing changes in temperature and precipitation patterns, is partly responsible for changes in plant growth and water availability for irrigation. These climate and landscape changes lead to reduced crop yields.

Modern technology can use satellite imagery to assess deforestation. By distinguishing between trees, crops, wooded areas, and clear-cuts, experts help identify zones that need protection and enforce regulations to prevent further damage.  

A second factor contributing to global food production is crop productivity. Using spectral and radar-based analysis from satellites combined with weather, planting, and soil data,

AI can improve crop performance by providing recommendations on how to maximize crop yields. I’ve also found usefulness in the ability to improve. Machine learning compares datasets from different regions and adjusts recommendations based on regional differences.  

The blockchain company, AgUnity, aims to bring modern agricultural technology to smallholder farmers in developing countries. Founded in 2016, the Australian-based startup has created a mobile app that enables farmers in remote areas to access critical information, financial services, and markets.

AgUnity’s blockchain-based platform connects farmers and buyers, reducing inefficiencies and transaction costs in the value chain. The app allows farmers to track their products from planting to sale.

Smallholder farmers in developing countries often lack access to critical resources, such as finance, education, and markets. AgUnity’s platform addresses these challenges by providing a secure digital platform for farmers to collaborate and access services that can support their operations.

Farmers can use AgUnity’s app to monitor their crops, receive alerts about weather conditions, and access information about best practices for planting, harvesting, and pest control. They can also use the app to receive payment for their products and manage their finances, reducing the risk of fraud and ensuring they receive fair prices for their crops.

Notably, AgUnity’s platform allows farmers to work directly with buyers, eliminating the need for intermediaries, who typically take a large cut of the profits. By enabling farmers to access markets and earn higher prices for their products, AgUnity is helping to improve their livelihoods and strengthen rural economies.

Leading The World Of Agtech

Dimitra, a global blockchain-based AgTech company, aims to fill this gap by collaborating with governments and NGOs through its Connected Farmer platform, free for smallholder farmers in developing countries. 

Overall, AgUnity’s innovative platform is helping to bridge the digital divide in agriculture and provide smallholder farmers with the tools they need to succeed. By leveraging blockchain technology and mobile apps, the company is making agriculture more efficient, sustainable, and equitable for farmers in developing countries.