Agtech startup Agri10x has partnered with the Indian government to help farmers directly sell their produce in market
Agri10x, an artificial intelligence and blockchain-enabled agri global e-marketplace, on Tuesday said it has entered into a partnership with the government to help farmers directly sell their produce in the market.
Team Agri10x
This partnership will give Agri10x exclusive access to the government’s 5 lakh common service centres (CSCs) across India, through which village-level entrepreneurs (VLEs) would help farmers register on the Agri10x platform and help them sell their produce directly, the company said in a statement.
“The Indian farmers have been the unsung heroes of the Indian economy and we wanted to ensure that they get an easy access to a global marketplace to sell their produce directly, without any middlemen. Our aim is to ‘Connect Local Farmers with Global Buyers’ that would not only increase their income levels but will also massively boost employment in the agriculture industry,” Agri10x CEO Pankajj Ghode said.
Agri10x CTO Sundeep Bose said this platform will help farmers understand the actual value of their yield and get a fair price of their produce directly from local as well as global buyers.
“After Maharashtra, we are now looking at expanding our services pan-India and expect to onboard more than 30 lakh farmers by December 2020. We would ensure end-to-end services to the farmers even after the post-harvest season,” Agri10x COO Abhijith Naraparaju added.
Government’s rising interest in blockchain for agriculture
Both the Indian state and central governments have been actively looking into ways to advance agriculture with the help of blockchain technology.
In August 2019, AZCoin News reported that the second largest Indian state Maharashtra was planning to use blockchain in supply chain and agricultural marketing. In March, the Indian Ministry of Commerce and Industry had announced that the Coffee Board of India launched a pilot blockchain-based e-marketplace in order to integrate coffee farmers with the markets.
Source: Business Standard,
Read more:
- The Total Stablecoin Supply Hit An All-Time High Of $10.4 Billion
- Tether’s Dominance Is About More Than Network Effects