Indonesia's agricultural sector faces significant challenges related to supply chain inefficiencies and a lack of transparency. These issues not only affect farmers' livelihoods but also impact consumers and the overall economy. By utilizing Lisk's blockchain technology, a decentralized application (dApp) can be developed to track agricultural products throughout the supply chain, ensuring transparency and fair pricing. This approach can address several critical issues in the agricultural landscape of Indonesia.
-> Current Challenges in the Agricultural Supply Chain
Lack of Transparency: Farmers often do not know the final price of their products or how much consumers are paying. This opacity can lead to exploitation by middlemen who may take advantage of farmers' lack of market knowledge.
Inefficiencies: The agricultural supply chain in Indonesia is often fragmented, leading to delays and increased costs. Products may pass through several intermediaries before reaching consumers, each adding their markup.
Fraud and Quality Control: Counterfeit products and mislabeling can occur, resulting in consumers receiving inferior goods. This not only affects consumer trust but also damages the reputation of genuine producers.
Access to Market Information: Many smallholder farmers lack access to real-time market data, which hinders their ability to make informed decisions about pricing and sales.
We faced a lot of challenges in the RWA developement process but By leveraging Lisk's blockchain technology, we believe that Indonesia can create a transparent and efficient agricultural supply chain that benefits all stakeholders involved. This innovative approach not only addresses existing challenges but also empowers farmers and enhances consumer trust, ultimately contributing to the country's economic development.
Tracks Applied (2)
HAQQ
Lisk
Discussion