Pavocoin: Changing the landscape of agriculture industry with the help of blockchain technology

stazhao (61)in #bitcoin • 6 years ago

Agriculture and food make a multi trillion-dollar worldwide industry. In many countries agriculture contributes a major share in the GDP growth. As the technology is advancing, every industry is adopting innovative ideas. Similarly, agriculture industry is not behind in embracing new technologies and is evolving at a tremendous pace. As the recent studies suggest, in coming years demand for agriculture produce will keep growing exponentially as a result of population growth. In order to meet the future demands there is a need to adopt new cutting-edge technologies which will not just help in increasing the yield but will bring lot more to the industry.

Before going into further details, we have to look at the challenges faced by farmers who play a key role in agriculture industry. With increased demand the challenges are also becoming serious and need immediate attention. Today the farmers are facing a number of problems which can be briefly summed up in a few sentences.

The major problem faced by the farmers is the rising cost of utilities which is hampering the profitability. Although the farmers are the major link in food supply chain yet they are not the ones who decide the price. The price is decided by other market players. In order to remain competitive, the growers look for the technologies to boost the quality and yield of their crops but the required technology is not available all the time. Another problem for the growers is to meet the ever-changing government regulations. Most of the times the regulations are so sudden that the growers find it difficult to meet the requirements.

The solution to all these problems is provided by technology and that is the reason the agriculture industry is today looking towards innovative ideas to sort out all these issues.

Pavo’s role in helping the agriculture industry

As stated above, the agriculture industry is looking towards technology to help in overcoming the existing flaws and among all technology companies Pavo stands unique and prominent. Pavo is already an established company and its technology is already in practical use by farmers. It has provided the most modern and innovative hardware and software to the farmers. Pavo has developed revolutionary IoT software that has significantly enhanced the operational efficiencies in agriculture industry.

The integration of blockchain technology has brought a complete transparency throughout the harvest cycle starting from seeds till the consumption of the produce. It has connected all the stake holders directly including farmers, supply chains, logistics companies, supermarkets and consumers. The end users can deal direct with the growers without involving any intermediary.

Pavo is going to allow people do not have to pay extra just for the supply agent fees. People are going to be able to save money and they can build a direct relation with the farmers that supply them their food. Pavo provides a decentralized distribution platform and it ensures the transactions are secure and warranted because records will be stored in immutable ledgers. This removes the opportunity of any confusion and makes sure that no one is able to alter transactions or transaction data in a peer to peer marketplace for agricultural products and data.