~ AgroChain receives 800 cr ($100 million) order value through the Middle East
ThinkChain has launched AgroChain, the world’s first blockchain-based farmer value network. Agrochain has received an order worth INR 800 ($100 million) crore from the Middle East. It is an all-in-one solution for farmers worldwide. Agrochain will expand the Indian agriculture ecosystem by providing farmers with a range of products and services. These include AgroVerse (where the metaverse meets real agriculture), financial, lending, crop insurance and procurement management systems for farmers, carbon credit benefits, creation of export and import channels, bank and debit cards for farmers, and so on.
In addition, AgroChain aims to increase CBDC adoption in the agricultural industry by offering services such as CBDC integration and bill settlement using digital assets. The farming community in AgroChain will be known as CryptoKisan.
Speaking of the launch, Mr Dileep Seinberg, Co-Founder, AgroChain so, “India is one of the largest players in the global agriculture industry and agriculture is the primary source of income for approximately 58% of India’s population. By 2025, the Indian agriculture sector is estimated to be worth $24 billion. The rapid adoption of blockchain technology in India has created opportunities for several sectors. The blockchain is already reshaping the way the industry does business by reducing the risk of fraudulent activities, increasing the speed of transactions, helping farmers with crop control and analytics, and much more. Therefore, we believe that AgroChain will revolutionize the Indian agriculture industry. Together with the government, we intend to expand this initiative and provide a global platform for farmers worldwide.”
He further added, “Using public digital infrastructure for the agriculture industry in compliance with an open source standard will generate a tremendous amount of momentum and serve as a growth catalyst. Our GDP growth is expected to be further accelerated by the coming wave of technologies including 5G, Web 3.0 and Metaverse. The entire agricultural value chain will be transformed and strengthened, and it will become more efficient thanks to the digital infrastructure for farmers and agriculture, which includes supply chain and analytics.”
Speaking of the launch, Mr Mohit Joon, Co-Founder, AgroChain so, “The agricultural ecosystem can benefit from the use of blockchain technology due to its potential to improve efficiency, transparency and trust. By fostering trusted relationships, blockchain in agriculture can empower all stakeholders. Our goal with AgroChain is to increase the efficiency of blockchain-based agriculture by bringing transparency to agricultural financial transactions, reducing the risk of counterfeiting and eliminating intermediaries from the agricultural value chain.
About ThinkChain:
Thinkchain is revolutionizing industries by leveraging distributed ledger technologies worldwide. Thinkchain’s goal is to create a $25 billion business by 2030. The core services of Thinkchain include the transformation of Web2 businesses into the Web3 layer of the Internet, the tokenization of real-world assets into digital assets, and the creation of businesses that can introduce new Money (Crypto) into the economy. Thinkchain Fund is committed to promoting the success of Web3 and crypto ventures. Agrochain, SmileCrypto and MuffinPay are all part of the Thinkchain portfolio. ThinkChain’s team of experts and advisors operate remotely from 5 different countries. One of the pioneers in the Asian crypto ecosystem, Thinkchain has been actively developing and offering crypto and blockchain solutions since 2016. ThinkChain has completed over 20 initial coin offerings (ICOs) for clients and assisted ventures in raising over $25 million in capital. ThinkChain has been ranked among the top 10 Asian blockchain solutions providers for 2019 and has partnered with Tech Mahindra ($5.2+ billion) to develop blockchain products.
