CropData has recently built an e-marketplace, using the capabilities of Microsoft Azure
India based agri-tech startup CropData has recently built an e-marketplace, using the capabilities of Microsoft Azure, to empower the farmers in the country. The startup is helping small farmers improve their yields and sell directly to buyers by utilizing new-age technologies like Blockchain and AI-enabled Cloud.
The company has just launched a blockchain-enabled e-marketplace for Indian farmers to sell their produce directly to end buyers in open auctions, in partnership with UAE’s Dubai Multi Commodities Centre (DMCC). CropData is building this platform using the capabilities of Microsoft Azure to empower India’s farmers.
Sachin Suri, Managing Director, CropData, said in Microsoft blog, “Till now, farmers in India had to wait till their crops were harvested to get a sense of the income they’d make or they could go for advanced trading on an individual basis that relies mostly on guesswork. We have converted that into a scientific trade to help farmers get a better price on advance trading.”
He added, “With our technology, we connect farmers to bulk buyers on our e-marketplace, where their harvest is hedged very early in the crop cycle according to the predicted quality and yield from their farm. This gives farmers an early visibility into their income and ensures that they have the incentive to put in all the effort that goes into a crop cycle. To do that, we’ve created an e-marketplace on Microsoft Azure called Agriota that connects all stakeholders with a focus on providing utmost transparency with the use of blockchain. We have partnered with DMCC for the platform.”
