Agriculture has historically been the principal source of income for numerous communities around the world. However traditional supply chains also are infiltrated by many inefficiencies, the cost of paperwork alone consumes 7% of global trade values. Other factors, including low transparency, heavy physical workloads, and counterfeited goods.
Smart contracts and distributed ledger technology (DLTs) offer a unique potential to improve the efficiency, transparency, and traceability of value and information exchange in the agriculture industry. Cropway’s premium blockchain based trust mechanism addresses these concerns by providing comprehensive traceability from farm to fork!