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Haiti - Economy : Blockchain technology serving agribusiness
13/04/2018 09:50:37

Haiti - Economy : Blockchain technology serving agribusiness
Thursday as part of the 8th International Summit on Finance, Jean Baden Dubois, Governor of the Bank of the Republic of Haiti (BRH) exposed the Bank's monetary policy and Blockchain technology. He explained the possible contributions of the Blockchain technology to the development of agribusiness, in relation to 3 axes of actions of the BRH, which are: the development of the financial market, the financial inclusion and the agenda pro-growth.

According to Governor Dubois, agribusiness is an important sector for economic growth as it represents 20% of Gross Domestic Product (GDP), employs about half of the population and contributes, among other things, to the drop in the share of imported products. According to him the Blockchain would favor; the establishment of the cadastre, necessary for agricultural investments and would ensure the traceability of the products. The innovative applications of this technology will thus feed the ecosystem created by the implementation of BRH's 3 main lines of action.

Note that among the many possible applications, the Blockchain technology in agriculture can solve many problems : secure management of collection, organization and distribution of information to producers or consumers, transactions, connections between different agricultural domains, etc...

Learn more about Blockchain technology :
"Blockchain" or chain of blocks, is a technology of storage and transmission of information without control organ. Technically, it works like a distributed database, where user-generated information and internal links to the database are checked and grouped at regular time intervals into blocks, forming a chain of secure blocks by encryption. By extension, a blockchain is thus a distributed database, which maintains a list of records protected from falsification or modification and thus acts as a distributed and secure record of all transactions made since the start of a system distributed.

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