Major Indian Farmer Producer Organization to Use Blockchain for Supply Chains

One of India's largest farmer producer organizations plans to use blockchain to help farmers receive higher pay.

Listen to article One of India's largest farm producer organizations, Sahyadri Farmers Producer Co, is integrating blockchain into its business process.

Local news outlet The Hindu Business Line reported that Sahyadri will use blockchain for its supply chains to increase efficiency and transparency in the traceability of food products.

The founder of Sahyadri, Vivek Shinde, said that in the present scenario, farmers get only 25% of the final price of sold goods.

With increased efficiency through blockchain implementation, they can share as much as 50% of their revenue with farmers.

The organization expects to use blockchain-based data sharing to improve trust in its pricing and sales information that it shares with farmers and buyers.

Blockchain integration will further allow customers to trace products back to the individual farmer who produced it.

An increasing number of blockchain companies are now working in the agriculture industry to increase efficiency and help farmers earn better revenue.

In May, a blockchain-based agtech startup inked a deal with the Indian government to create a peer-to-peer marketplace for farmers and buyers.

In March, Agriledger built a blockchain ecosystem to ensure that farmers in Haiti receive adequate pay.