IBM To Boost African Agribusiness with Blockchain
December 13, 2018 1:45 pm
IBM has partnered with the U.S. based agriculture tech firm Hello Tractor to improve the African agriculture industry with blockchain. On December 11 IBM published a blog post announcing the partnership.
The post says that the IBM Research team in Kenya is currently working with Hello Tractor’s developers to use multiple tools and technologies such as blockchain. These technologies are being used in Hello Tractor mobile platform that enables farmers to access tractor services on demand.
IBM Research scientists will be consolidating blockchain and the Internet of Things (IoT) technologies to Hello Tractor’s tool platform. The technology giant (IBM) aims to integrate the platform with its own cloud solution IBM Cloud, as well as Watson Decision Platform for Agriculture.
The new jointly developed platform will represent an “agriculture digital wallet” featuring a blockchain-based AI platform. The platform will provide a high level of transparency of instantly shared data between all parties involved in a specific agribusiness value chain.
The new platform is expected to address a wide range of processes in the agriculture industry. The processes include crop yield prediction by farmers, fleet utilization management, predictive maintenance, and compilation of credit portfolio for farmers and tractor owners by banks. This also includes investment and regulation process by governments as well.
IBM included that less than 20 percent of crops will be managed by tractors and other machinery in sub-Saharan Africa to date. The groups manage the process while food demand is continuously increasing due to population growth averaging 11 million per year. Each year around 50 percent of farmers face significant harvest losses.