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FoodSupp

Food Supply Chain and Micro Finance Using Blockchain

Created on 2nd February 2020

F

FoodSupp

Food Supply Chain and Micro Finance Using Blockchain

The problem FoodSupp solves

Our system enables companies to quickly track unsafe products back to their source and see where else they have been distributed. This can prevent illness and save lives, as well as reducing the cost of product recalls.
Details of the quality reports (pushed to a blockchain network) cannot be tampered by any of the stakeholders for their own benefit.
The produce history can be traced right from the origin to the present situation in real time.
The farmer does not have to wait for bank loan or other lending mechanisms to raise the initial investment. The consumers could provide the fund with zero interest.
The farmers are not involved in complex and tedious bank loan procedures.
The consumers could get quality products at cheaper rates as they are funding the crops/fields right from the time of cultivation.
No need to have huge farmlands. Even the small scale farmers and household farmers can also sell their products and yield better profit.
Even the low income group consumers can fund the crops based on their needs and can escape from the market fluctuations of the product prices.

Challenges we ran into

We faced an " Unknown address" error while using the matic network. Hence to overcome it we used the ethereum network instead.

Discussion

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