Search Results for: AGRICULTURAL

Nigeria’s Unity Bank Collaborates with Binkabi for Blockchain-Based Agricultural Solutions

Nigeria’s Unity Bank has entered into a collaboration with Binkabi, a commodity trading structure that is blockchain-based. The primary objective of this partnership is to propel lending to Nigeria’s agriculture sector.  Expressly, Binkabi will avail blockchain-based agricultural solutions, whereby value addition will be availed to SMEs and farmers by propelling quality storage for farm produces … Continue reading Nigeria’s Unity Bank Collaborates with Binkabi for Blockchain-Based Agricultural Solutions

Blockchain-based Agricultural Startup Plans to Unite the Coffee Industry of Honduras

GrainChain is an agricultural start-up backed up by Medici Ventures and has shown some prospects so far with plans to bring together the coffee industry of Honduras. Medici Ventures is a blockchain venture arm of online retail giant Overstock and has offered considerable support to GrainChain for some time now. According to an announcement on … Continue reading Blockchain-based Agricultural Startup Plans to Unite the Coffee Industry of Honduras

How Blockchain Technology is Improving the Agricultural Sector

Agriculture is a very critical factor when it comes to economic growth and development, as acknowledged by the Worldbank. Projections from the Open Access Government website, providing up-to-date analyses of different fields say that based on the rate of our current population growth, estimated that by 2050, the agricultural sector will have to produce 70% … Continue reading How Blockchain Technology is Improving the Agricultural Sector

Oxfam's Blockchain-Based Agricultural Insurance Firms in Sri Lanka Pay Farmers with Crypto

As stated in a report, the Agricultural Insurance firms in Sri Lanka announced to have made their first payment to smallholder farmers with cryptos. These firms include; Oxfam, Etherisc, and Aon Plc. While Oxfam is an organization that works to alleviate poverty, Etheriscis an InsurTech startup which centers on developing a protocol for decentralized insurance applications: … Continue reading Oxfam's Blockchain-Based Agricultural Insurance Firms in Sri Lanka Pay Farmers with Crypto

Thailand’s Trade Policy Office to Trace Agricultural Products from Farm to Export Using Blockchain

Thailand’s Trade Policy and Strategy Office (TPSO) has revealed its intentions of using blockchain technology to trace agricultural products from farms to export as this will optimize buyers’ confidence.  The traceability of organic rice will be tested initially, and other agricultural products will follow suit.  The blockchain system to be deployed will trail the process … Continue reading Thailand’s Trade Policy Office to Trace Agricultural Products from Farm to Export Using Blockchain

Gluwa Blockchain Partners With Lagos State Government to Digitize Agricultural Assets

San Francisco, California, 27th October, 2022, Chainwire Blockchain infrastructure platform Gluwa is partnering with the Lagos State government to transform the agricultural sector. The move will enable the digitization of agricultural assets, making it easier for farmers in the region to obtain finance. The project will involve the Lagos State Ministries of Agriculture, Finance, Science … Continue reading Gluwa Blockchain Partners With Lagos State Government to Digitize Agricultural Assets

Heaven for Bitcoin Miners? Iran Officially Legalizes Crypto Mining

The Iran Chamber of Commerce, Industries, Mines and Agriculture recently published a statement that the Iranian Economic Commission has approved a mechanism for digital coin mining. This is in line with Iranian internal laws that facilitate the growth of mining firms across the country. Crypto mining in Iran is gaining popularity with its cheap electricity … Continue reading Heaven for Bitcoin Miners? Iran Officially Legalizes Crypto Mining

US Declares China a 'Currency Manipulator' while Bitcoin Sees Growth

The US Declares China a ‘Currency Manipulator’ The US Treasury Department officially designated China as a “currency manipulator” on Monday following the most significant stock market losses the US has seen in 2019. There was a 2.9% plunge overnight in the Dow Jones Industrial Average, Nasdaq down 3.4% while Bitcoin is up 3.2% as tweeted by Tim Draper.  In a … Continue reading US Declares China a 'Currency Manipulator' while Bitcoin Sees Growth

Indonesia’s Chronic Crop Data Problem Solved by Blockchain

Indonesia has been a victim of unreliable crop data, and this has hindered the optimality of its agricultural sector. This nation has been grappling with the lack of accurate data when it comes to issues, such as crop output. HARA, a Jakarta-based startup, seeks to address this challenge by deploying blockchain technology. According to Bloomberg, … Continue reading Indonesia’s Chronic Crop Data Problem Solved by Blockchain

Fujitsu and Ricex Reveals World’s First Blockchain-Enabled Rice Trading Platform

On Nov. 5, Fujitsu revealed its collaboration with Rice Exchange (Ricex), a Switzerland-based startup, for the first-ever blockchain-powered rice trading platform. This move seeks to offer unparalleled traceability, efficiency, transparency, and security to the worldwide rice market worth a whopping $450 billion.  Ricex offers a digital platform powered by the blockchain distributed ledger technology (DLT) … Continue reading Fujitsu and Ricex Reveals World’s First Blockchain-Enabled Rice Trading Platform

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