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India’s leading agricultural producer organization uses blockchain technology for supply chains

July 7, 2020

One of the biggest Indian agricultural producer organizations or OPF, Sahyadri Farmers Producer Co.integrates blockchain technology into its business process.

OPFs are member institutions of farmers which are the result of a government-led initiative. Organizations help farmers sell their products at cheaper prices.

The local media The Hindu division He reported that Sahyadri will use a blockchain platform in its supply chains Increasing efficiency and transparency in the monitoring of food.

Benefits for customers and farmers

India’s leading agricultural producer organization uses blockchain technology for supply chainsIndia’s leading agricultural producer organization uses blockchain technology for supply chains

The founder of Sahyadri, Vivek Shinde, pointed out that currently Farmers receive only 25% of the final price of the products sold. However, with greater efficiency by implementing this technology, they can share up to 50% of their income with farmers.

The organization hopes to use the blockchain data exchange system to improve confidence in the price and sales information it shares with farmers and buyers.

The integration of technology will enable customers Track the products for the farmer who made them. Customers can do this with QR codes or digital maps that is attached to the products.

The implementation of blockchain technology in agriculture continues to increase

More and more blockchain companies are working in agriculture Increasing efficiency and helping farmers achieve better incomes. In May, A blockchain company for agricultural technology signed an agreement with the Indian government Creation of a peer-to-peer market for farmers and buyers.

March, Agriledger built a blockchain ecosystem to ensure this Haitian farmers receive fair remuneration.