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Bold Awards

Empowering Farmers and Reducing Risk – Tracing Value and Products

  • AgroTech, FinTech, Open Innovation
Empowering Farmers and Reducing Risk – Tracing Value and Products
This initiative is part of the Business Development and Innovation Project by the World Bank. The Project is focusing on the bottom 40 percent of the population: The Project is not only about increasing exports of fruits, coffee, cocoa or apparel, but also about making sure that those exports benefit the poorest farmers and producers in lagging regions and not just intermediaries in the capital or abroad.

AgriLedger designs solutions for the agricultural value chain using the power of distributed ledger technology (blockchain). With the use of this technology, the results are traceability and transparency in the flow of information. AgriLedger is currently delivering with the Ministry of Commerce and Industry of Haiti a blockchain solution in the Fresh Fruit Value Chain. The Project is introducing blockchain with an innovative approach to inclusiveness and sustainability:The Project is the first World Bank-financed project to develop a blockchain solution for traceability and payments. This will allow producers to keep ownership of their products until the final sale and to be paid directly, through smart contracts, via phone-based payment systems.The Project has been chosen by the Equitable Growth Finance and Institutions (EFI) Vice-Presidency as a pilot on the use of real-time data coming from the blockchain to monitor the inclusiveness, sustainability, and market transparency.


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