Agri10x: How is this agritech startup helping farmers using Blockchain technology?

Agri10x is an e-marketplace that uses AI and blockchain technology. Further, this blockchain platform provides farmers with a fair price, transparency and assists them in collecting real-time data to manage their harvests effectively.

This week, the company announced that it has entered into a partnership with the government. It will help farmers directly sell their produce in the market. This way, Agri10x will have an accesses to 5 lakh Government CSCs. Here, in these centres, the village-level entrepreneurs (VLEs) will help farmers to register and sell on the company's platform.

What is Agri10x?

This Pune-based Agritech startup was launched in 2016. The fact that farmers need to earn a respectable livelihood motivated Agri10x founders. So, they launched this platform to support the farmers and create better management processes for agricultural practices. Therefore, they have brought technological transformation at the grassroots level, to increase the yield and boost farmers’ profits.

Their blockchain-based solutions help to simplify the post-harvest process. It offers features like traceability and data security. Farmers can sell on Agri10x platform and avail benefits like fast payment settlement. On the other hand, it assures buyers of quality products. They use AI to leverage real-time data analytics. It helps in transaction discovery, transportation and procurement tracking along with optimisation with the help of real-time data.

Agri10x partners with Governement

Agri10x CEO Pankaj Ghode said:

The Indian farmers have been the unsung heroes of the Indian economy and we wanted to ensure that they get easy access to a global marketplace to sell their produce directly, without any middlemen. Our aim is to 'Connect Local Farmers with Global Buyers' that would not only increase their income levels but will also massively boost employment in the agriculture industry.

Also, CTO Sundeep Bose said:

This platform will help farmers understand the actual value of their yield and get a fair price of their produce directly from local as well as global buyers.

Further, COO Abhijith Naraparaju added:

After Maharashtra, we are now looking at expanding our services pan-India and expect to onboard more than 30 lakh farmers by December 2020. We would ensure end-to-end services to the farmers even after the post-harvest season.