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A Blockchain-Based Transparent Solution for Achieving Investment for Farming

Lecture Notes in Networks and Systems, ISSN: 2367-3389, Vol: 738 LNNS, Page: 525-534
2024
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Conference Paper Description

Agriculture is an important element of many societies and has played a key role in the development of civilizations. Agriculture is the cultivation of plants, animals, and other life forms for food, fiber, biofuel, medicinal plants, and other products used to sustain human life. Agriculture needs a considerable amount of cash investment on top of the effort and time of farmers. These days it is quite observable that many farmers face economic challenges, such as low crop prices, high input costs, and limited access to credit, making it difficult for them to sustain their operations. In this article, a blockchain-based solution has been proposed to meet up the gap between farmers and investors. In this article, the problems of farmers have been identified, the utility of blockchain-based solutions has been explained, and the architecture of the proposed solution has been demonstrated for finding investors, disbursement of investment, and repayment solutions.

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