In an interview section with coinnewsextra, the founder and the CEO of Agriledger – Genevieve Leveille spoke on the Application of blockchain in the Agricultural sector.
Genevieve L., a financial expert, created her company with a view of empowering farmers by linking them to the market and financial opportunities. From her 25 years of banking experience, she noticed that the Agricultural sector has a broken link to the Financial sector and that gave birth to “AGRILEGDER”
Agriledger is a Distributed ledger technology/ blockchain solutions company in the agricultural supply chain that enables more trust, authenticity, and transparency through traceability for agricultural producers.
Speaking about the idea behind the creation of Agriledger, she said
“I realized very quickly that when we look at the supply chain of food, that is one of the places that it is actually broken. When I uncovered the concept of blockchain to me, it is about the application to a real problem and something that we can all relate to. We all eat food and we can relate to no one gets hungry”
“There is no clear or fair view of what is put to the farmer; creating that and transparency was my goal,” said Genevieve L.
Agriledger uses blockchain that is available to anyone to create a link between Agricultural producers, the market and financial services.
BLOCKCHAIN APPLICATION IN THE AGRICULTURAL SECTOR
There is this problem of Farmers been paid less for their product or farmers don’t trust that the person who is taking their products will come back to pay them, they take a lower price for it. With the blockchain technology, Farming could be what it should be.
Blockchain renders the services farmers need to present their products to the market. Farmers can track their products and still retain ownership of their product until it is paid for. This gives farmers the trust they need for their products and in turn, gets the right value for their product. Not only do they get the trust but everyone throughout the chain gets compensation for their effort.
They also get up-to-date information on how to improve their farming practices and give them real-time financial access.
Agricultural products are readily available from different Farmers. The blockchain presents the product at different prices at which farmers want to sell their products. Blockchain eliminates the stress of looking for a farmer that will sell the product to you at a cheaper price.
Blockchain also limits the effect of Middlemen in controlling market prices by creating a straight network between the producer and the market.
AS A FARMER WITHOUT KNOWLEDGE OF BLOCKCHAIN, HOW WILL I USE THE SERVICE?
You don’t need to know how blockchain works, all you need is the services.
Genevieve L. said,
“you don’t need to know what makes your email be sent in a secure version; all you know is that ones you input the correct email address, your mail will be sent and the respondent will respond to it. That’s technology.”
“Farmers, individuals don’t need to know, all they need is trust. The trust of convenience and quality is entrusted in the blockchain system. Also, the trust of finance to those that have participated and did the right job.”
“All that farmers need is the system that they could trust and depend on for the product they provide. A system that will allow me to trace your product, ensure you get more money and once the money comes, we send it to you. Do they really need to know the blockchain? No!”
Blockchain is available to us all, we need to embrace its application in the Agricultural sector. AgriLedger is the ideal showcase for real-world Blockchain applications. AgriLedger provides farmers with secure identity management & value vaulting, enabling the first steps into the world of banking, micropayments, and loans