How Greencoin will Change Agribusiness Supply Chain

[Wenbing]

Every  innovation is conceived and bitthed by innovators and entrepreneurs. But, until we commercialise an invention, it'll remain valueless.

I have seen the promises of the blockchain technology and how it can help solves some critical fractions in developing world.

I do have a question I want the opinion of everyone on. If I decide to create an altcoin or a token on etheruem smart contract, the token will be used in agribusiness supply chain. Let's assume the name is Greencoin.

1.What impact do you think this could have on agribusiness supply chain in developing countries?

2. How does this positively benefit the etheruem coin or platform as a server or Operating system for this coin.

3. Will it be pegged on dollar or on etherum? If yes then, how'll it work?

[Wenbing]

Over the week, i decide to do a research on how crypto token built on a smart contract can help to solve some problems in agribusiness supply chain in developing countries, i found a company that does something similar. The company has a token built on etheruem smart contract and they have some small holders farmers that they give credit products. So, they are registered on the platform and the money they use is this token.

This is helping to track the supply chain transaction that take place on the platform. Therefore, financial institution can give more credit facilities to small holders farmer using the token because it can be tracked.

[Docbee]

Over the week, i decide to do a research on how crypto token built on a smart contract can help to solve some problems in agribusiness supply chain in developing countries, i found a company that does something similar. The company has a token built on etheruem smart contract and they have some small holders farmers that they give credit products. So, they are registered on the platform and the money they use is this token.

This is helping to track the supply chain transaction that take place on the platform. Therefore, financial institution can give more credit facilities to small holders farmer using the token because it can be tracked.

Well, if you can really focus on it's development, it will have positive impact on agribusiness.  Because I have not really seen any project using Blockchain technology in solving agro challenges.  The only one I saw last year was GricCoin. They have the similar plan of developing agricultural sector through blockchain tech, but I don't know how the project is fairing now.  You can read more about GricCoin and see what they have achieved and the gap you can fill.

[pakhitheboss]

Over the week, i decide to do a research on how crypto token built on a smart contract can help to solve some problems in agribusiness supply chain in developing countries, i found a company that does something similar. The company has a token built on etheruem smart contract and they have some small holders farmers that they give credit products. So, they are registered on the platform and the money they use is this token.

This is helping to track the supply chain transaction that take place on the platform. Therefore, financial institution can give more credit facilities to small holders farmer using the token because it can be tracked.

Well, if you can really focus on it's development, it will have positive impact on agribusiness.  Because I have not really seen any project using Blockchain technology in solving agro challenges.  The only one I saw last year was GricCoin. They have the similar plan of developing agricultural sector through blockchain tech, but I don't know how the project is fairing now.  You can read more about GricCoin and see what they have achieved and the gap you can fill.

I doubt it will have a positive effect. Agribusiness development is not based on blockchain technology but innovation in Agri industry. I do not think they are working on innovation of Agri Industry here. Blockchain technology does not work everywhere it works amazingly well in revolutionizing the financial system.

There have been many startups in the past trying to revolutinalized this sector using Blockchain tech but sadly all failed.

[bhadz]

It's sad to say that even a coin or project that's dealing with agribusiness and has plans of innovating the agribusiness sector, they won't do anymore this time.
People are tired to see projects like this but no actual use case and application after sales.

[Coyster]

To add to what pakhitheboss has said already, the agribusiness sector doesn't need a token, it prolly doesn't even need the blockchain technology. What it needs is funds, in many underdeveloped countries, that sector is in comatose, due to poor funding, lack of interest in agriculture, and inadequate support for small scale farms/farmers. If governments can support that sector, most especially with accessible loan schemes, then it'll be revived. Creating a coin is only reincarnating ideas from devs in the past, that have all failed and most turned a scam.

[Wenbing]

It's sad to say that even a coin or project that's dealing with agribusiness and has plans of innovating the agribusiness sector, they won't do anymore this time.
People are tired to see projects like this but no actual use case and application after sales.

If i'm very clear with your comment, you are saying blockchain has no real application in agri-industry. Well, that's a person opinion though, which we need to verify by judging the start-ups working on such projects.

I feel the challenge is not that they don't have real case use but that the players are mainly not educated to grasp the workings of such technologies. But, in time, with proper marketing they will be familiar with it the same way they are now familiar with the smartphone echnology.