Inspiration
What it does
How we built it
Challenges we ran into
Accomplishments that we're proud of
What we learned
What's next for FARMCHAIN
Agriculture is the backbone for India and also for the world, world without agriculture life on the earth wouldn’t be conceivable. Farmers are having problems because of the third-party bribery in the agriculture industries. Therefore our application uses blockchain technology and XDC network to connect farmers and merchants directly without the use of any middle man, allowing them to save a significant amount of money and retain their data securely. Fetching reasonable prices for their product by eliminating the intervention of third parties in market. Analysing market trends and consumer needs. Currently the farmer and consumer are completely separated in the market by bribery. The consumers could get quality products at cheaper rates as they are funding the crops/fields right from the time of cultivation. No need to have huge farmlands . Even the small scale farmers and household farmers can also sell their products and yield better profit. The farmer does not have to wait for bank loan or other lending mechanism to raise the initial investment. Smart contracts can provide a better agreement between the farmers and consumers.
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