The population across the globe is expected to touch 9.6 billion by 2050. Therefore, to feed the increasing population, the farming industry is adopting IoT devices and sensors. In IoT-enabled smart farming: A system is built to keep an eye on the crop field using sensors (temperature, pH, soil moisture, humidity, light). IoT sensors and devices generate data that can help farmers make well-informed decisions related to the crops’ growth. The information gathered from the IoT devices needs to be structured before getting saved on the data storage.
WHAT IT DOES:
The data captured either by using IoT sensors or manually by farmers is saved in the distributed storage platform, i.e., IPFS with addresses stored in the blockchain.
How we built it
Step 1: IoT sensors generating data or Farmers storing data Step 2: Distribution of grown crops to the food processing companies
Step 3: Supply of Processed Food to Wholesalers and Retailers
Step 4: Consumers can back trace the supply chain
CHALLENGES WE RAN TO:
As discussed in the above use-case, smart farming allows sensors to generate crucial information related to the crops sown in the fields. --Suppose the farmer is not using technology-driven methods. In that case, they can store essential information by using their mobile application, such as: crop quality type of seed weather conditions under which the crops were sown.
ACCOMPLISHMENT THAT WE PROUD OF:
Before saving the collected information on the blockchain, it should be structured and understandable. Data Enrichment is done to add more value to the captured information to improve its quality. The following two steps ensure that the data is cleaned before it gets stored on the distributed storage platform: **Adding Meta Information To structure data efficiently, information related to the following should be added: timestamp demography type
WHAT WE LEARNT:
Blockchain is a growing technology. Even though it has begun to revolutionize many industries, there is still a long way to go. Smart contracts would eliminate the requirement of intermediaries, as it would allow farmers to connect directly with retailers. Therefore, they’d be able to receive a fairer price for their goods. However, it’s becoming increasingly clear that there are opportunities for blockchain technology in the agriculture industry. The global agriculture industry is now worth over 2.4 trillion dollars and has over one billion people involved worldwide. Now, more than ever, there is an opportunity for innovation.
*WHAT'S NEXT FOR FARMERS PORTAL: *
Blockchain based smart contracts work by triggering payments automatically as soon as a specific, previously-specified condition has been fulfilled, and without charging excessive transaction fees. --It means that farmers could theoretically receive payment for their goods as soon as they are delivered, without a significant portion of their income being taken away from them in the process. --Many farmers also experience difficulty when they try to sell their products in the market at a fair price. Intermediaries enjoy most of the profits while doing a minimal amount of work in comparison. --Smart contracts would eliminate the requirement of intermediaries, as it would allow farmers to connect directly with retailers. Therefore, they’d be able to receive a fairer price for their goods.