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› Forums › AgriTech › News(Agri) › Blockchain-powered startup Agri10x puts farmers first with a decentralised approach
Tagged: AgriTech_V6, Blockchain_G8
#News(AgriTech) [ via IoTForIndiaGroup ]
In 2016, when Blockchain was just a buzzword, Pankajj Ghode, Co-founder and CEO of Agri10x, and his team solely focussed on amplifying the income of farmers in the country. Quoting Prime Minister’s Narendra Modi’s vision to “better empower farmers”, Pankajj says he saw a way to complement it using Blockchain.
“The current post-harvest management lacks humanness in its approach and is very fragmented,” he says. After harvest, a crop goes through cooling, cleaning, sorting, and packaging before moving to production. In this process, with its many middle-men, farmers almost never receive a fair price or get paid on time.
To help farmers directly trade with the buyers without losing any of their actual earnings to intermediaries, Pankajj Ghode, Abhijith Naraparaju, and Sundeep Bose started Agri10x in 2016. It is a decentralised platform that creates a transparent ecosystem, which gives farmers more autonomy.