Haiti - Agriculture : Towards the use of Blockchain technology in agribusiness - HaitiLibre.com : Haiti news 7/7





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Haiti - Agriculture : Towards the use of Blockchain technology in agribusiness
31/03/2019 10:06:05

Haiti - Agriculture : Towards the use of Blockchain technology in agribusiness
Within the framework of the Business and Investment Development Project (PDAI), implemented since 2013 and financed by the World Bank to the tune of 20 million dollars, the Ministry of Trade and Industry (MCI) intends to boost the agribusiness in the country, using Blockchain technology to provide an innovative solution to the actors of the agricultural chain. Mango, avocado and pineapple from the departments of Artibonite, Center, Nippes and NorthEast are the sectors identified for this first pilot phase of the project.

Following a call for tenders launched by the Ministry, AgriLedger is the firm that has been selected to deploy and pilot a blockchain solution that will facilitate payments and traceability of fresh fruit value chains. The implementation of such a system for the Haitian government, will allow farmers to sell directly in efficient markets, where the price is determined by supply and demand and not by the bargaining power.

Michel Ange Pantal, PDAI Coordinator explains "With the Blockhain system, crops and payments are tracked and give farmers assurance of future payment while also ensuring buyers the expected quality of the products. This unpublished monitoring continues until the final consumer, who can then verify the identity of the farmer, the origin of the product (via GPS location) and even the evaluation parameters for each part of the value chain (transparent pricing)".

According to Geneviève Léveillé, CEO of AgriLedger "There are so many different actors : farmers, logistics providers, distributors and grocery stores, involved in agriculture that the current centralized systems simply do not work. With the support of the World Bank, we will help Haitian farmers get the best possible price for their products while giving end consumers the assurance that what they consume is both safe and fresh."

Through this project, the MCI proposes to subsidize training, technical assistance and common services currently missing in value chains in order to promote the export of fresh fruit, clothing and processed products towards the United States and the blockchain will be used in support of these three operations. Thus, with this system the different exchange operations can be performed safely, transparently and instantaneously.

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.

See also :
https://www.haitilibre.com/en/news-24091-haiti-economy-blockchain-technology-serving-agribusiness.html

HL/ S/ HaitiLibre

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