How blockchain technology can boost Nigerian agriculture

Mrs Genevieve Leveille, the Chief Executive Officer, Agriledger,  a social enterprise, has advocated the use of blockchain technology by farmers in Nigeria to monitor delivery and sale of their produce.

Leveille speaking in Lagos on Monday, said that  blockchain technology would enhance tranquility and transparency in produce pricing.

Authors of the book, “Blockchain Revolution (2016)’’ – Don & Alex Tapscott – defined blockchain as an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.

Leveille listed three vital areas in farming which  Agriledger, using the blockchain technology, could help to monitor and address as supply, delivery and sales.

“With blockchain technology, farmers can monitor the delivery of their produce and their money while someone else is delivering.

“Blockchain is disrupting the supply chain, and this is actually very good news.

“Also, the buyer can monitor how much of what he paid for a produce gets to a farmer, thereby helping to give possible assistance to the farmer.

“Imagine a world where, within seconds, one knows how much of what one pays goes into a produce,’’ she said.

According to her, with  Agriledger, the farmer can have step-on-step information on how much is being paid and who is making much money on a produce.

“Haiti, where I come from, is the same as Nigeria. Most Haiti farmers are uneducated, yet they have successfully adopted the use of blockchain technology,’’ Leveille said.

The blockchain expert said that the encryption was a layer of animosity or protection that kept the data safe from competitors.

Leveille said that the social enterprise, through the World Bank, was making it possible for farmers to adopt the technology.

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