FarmeMeetsMarket was motivated by common stories bad clients who are taking advantage of economic hardship in Zimbabwe and not paying small farmers timeously. Often these end up as losses to the farmers who should be growing their business and contributing to the economic improvement.
FarmerMeetsMarket improves transparency for farmers when supplying orders. The idea is to have an open and reliable market for the farmer as they can have guarantees about the availability of funds from the clients to meet the order. Liquidity is a major obstacle for many small and aspiring farmers. In our current economy, they often run into losses as they wait for payment. Blockchain's transparency will allow for reliable confirmations on the availability of funds in escrow accounts. The app brings together clients and farmers in a mutually beneficial that requires no trust due to the deposits of stakes when taking part in orders. This way, orders can be made faster as there is no need for business profile checks, referee checking etc.n
What it does
Allows the client to place orders, place payment in escrow Allows farmers to put down stakes (eliminating the need for trust or business history where it may not exist) so they can challenge for orders. Allows small farmers to pool together resources in order to fulfill big orders
How I built it
Challenges I ran into
Solidity gas limits, javascript
Accomplishments that I'm proud of
The concept itself, that it potentially solves a big problem in our current economy
What I learned
Definitely some javascript
What's next for FarmerMeetsMarket
To finish the prototype
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