One of India’s largest farmer producer organizations plans to use blockchain to help farmers receive higher pay.
One of India’s largest farm producer organizations (FPO), Sahyadri Farmers Producer Co, is integrating blockchain into its business process.
FPOs are member-based institutions of farmers that are the result of a government-led initiative. The organizations help fars sell agricultural produce at the most advantageous prices.
Local news outlet The Hindu Business Line reported that Sahyadri will use blockchain for its supply chains to increase efficiency and transparency in the traceability of food products.
A win-win for customers and farmers
The founder of Sahyadri, Vivek Shinde, said that in the present scenario, farmers get only 25% of the final price of sold goods.