SettleMint India, Jharkhand Govt jointly launches seed distribution via Blockchain tech
Jharkhand became the first state to implement blockchain in the country which is being used to track seed distribution.
In a significant development which would revolutionize agriculture in the country, Directorate of Agriculture, Jharkhand and global blockchain technology company, SettleMint, India jointly announced the successful launch of seed distribution to farmers based on blockchain technology. In the two years of operations in India, SettleMint has made significant progress and took rapid strides towards the enablement of blockchain adaption in India. The successful implementation of blockchain based seed distribution to farmers in Jharkhand is a testimony to that effect.
Jharkhand is 1st state to implement blockchain in the country which is being used to track seed distribution. The blockchain platform tracks seed supply distribution-from issuing of supply orders from the Directorate of Agriculture, placing of seed demand by District Agriculture Officer, tracking seed distribution from empanelled government seed producing agency to distributors, retailers, LAMPS/PACS, FPOs and finally to the farmers. The move to implement blockchain is aimed at bringing transparency and authenticity of seeds which the farmers receive under the seed exchange scheme and other schemes. The state is committed to onboard all stakeholders, i.e., supplies, distributors, and farmers, invest in their training and adoption of technology.
It is envisioned to implement blockchain technology for tracking distribution of seeds, inputs, implements etc under all the schemes being implemented by Directorate of Agriculture like State Seed Distribution Scheme, NFSM, PMKSY, NHM. This will play a crucial role in the transparent execution of schemes while doing away with middlemen as it enables traceability, real time monitoring and efficient management of the schemes. “It is the utmost priority of this government to make quality seeds available to the farmers at the right time, along with filtering of middlemen, identification of the beneficiaries and creation of farmers’ database.” Jharkhand Agriculture Director Nesha Oraon said.
Shahzad Fatmi, CEO, SettleMint India, said, “We are delighted to partner with Jharkhand as it become the first state in the country to distribute seeds through blockchain technology. Blockchain is proving to be a game-changer in the agricultural sector. It is revolutionizing agrarian supply chains by making them more transparent and traceable.”
Jharkhand became the first state to implement