Making a difference: The power of AgriTech and blockchain in the fight for the planet’s future
With 10 billion people to feed globally by 2050, the world is looking at blockchain and AgriFi to drive technological innovation in developing countries. Since its inception, Blockchain technology has found diversified and valuable applications to help boost efficiency and incentivize community participation in different areas and industries. Farming is a sector that can benefit from comprehensive Blockchain technology solutions, specifically when it comes to assembling actionable data and making it work to improve small businesses’ operations across several financial and sustainability metrics. By 2050, it is estimated that 10 billion people will inhabit the earth, and agricultural development will be a powerful mechanism to end extreme poverty, facilitate shared prosperity and feed the overall global population. The global agri-food industry is worth an estimated $8.5 trillion and urgently needs technological innovation if it aims to achieve such targets. Farmers across G20 nations...