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Thursday / November 21. 2024
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Thanos Technologies will facilitate the aerial spraying of fertilizers over farmland, encompassing regions in Telangana, Andhra Pradesh, Gujarat, Madhya Pradesh, and Tamil Nadu.

 Thanos Technologies, a pioneer in agricultural drone technology is thrilled to announce its collaboration with the Indian Farmers Fertiliser Coop Ltd. (IFFCO). The recently signed Memorandum of Agreement (MoA) between Thanos Technologies and IFFCO, signals the commencement of a transformative initiative aimed at revolutionising agricultural practices across the country.

Through this strategic collaboration, Thanos Technologies will facilitate the aerial spraying of fertilisers over an extensive 10 lakh acres of farmland, encompassing regions in Telangana, Andhra Pradesh, Gujarat, Madhya Pradesh, and Tamil Nadu. This extensive reach underscores Thanos Technologies’ commitment to making advanced agricultural practices accessible to farmers nationwide. Over 500 state-of-the-art drones will be deployed to ensure the efficient and timely application of fertilizers. This large-scale deployment will optimise the fertilisation process, leading to improved crop yields and reduced resource wastage. By joining forces with prominent drone service providers, including Vayu Drone, Aerotics Technologies, and Electra Agri Green, the company is poised to deliver unparalleled value and innovation to the agricultural sector. The economic impact of this project is anticipated to be significant, with a business value of Rs 50 crores for Thanos Technologies and the service partners.

Additionally, Thanos Technologies will offer additional incentives, supplementing the standard spraying service charges collected for every acre sprayed using IFFCO chemicals. This initiative aims to encourage and reward the participation of service providers in this groundbreaking project. Recognizing the need for investment in advanced technology, Thanos Technologies is also developing new financial options to assist corporate service partners interested in owning and operating more than 10 drones. These options will provide the necessary support to scale operations and meet the growing demand.

Pradeep Palellil, Founder & CEO, Thanos Technologies, said, “We are excited to partner with IFFCO and this marks a significant step towards our mission to modernize farming practices, increase crop yields, and promote sustainable agriculture. At Thanos technologies, we aim to create a more efficient, productive, and sustainable agricultural ecosystem for the benefit of farmers and the nation as a whole. Through this partnership, we hope to combine resources, knowledge, and ambition to completely reshape the agricultural landscape of India.”

Furthermore, recognising the need for investment in advanced technology, Thanos Technologies is developing new financial options to assist corporate service partners interested in owning and operating more than 10 drones. These options will provide the necessary support to scale operations and meet the growing demand.

Thanos Technologies will facilitate the aerial spraying

The first version of akṣara will cover nine crops viz. paddy, wheat, maize, sorghum, barley, cotton, sugarcane, soybean, and millets for 5 countries in the Indian subcontinent.

 Cropin Technology, a global Agtech company enabling intelligent agriculture, announced the launch of ‘akṣara’, the sector’s first purpose-built open-source (Apache 2.0 License and with no restrictions) Micro Language Model (µ-LM) for climate smart agriculture, built on Mistral’s foundation model. ‘Akṣara’ is designed to address the problems faced by the underserved farming communities in the Global South by removing barriers to knowledge and empowering anyone in the agriculture ecosystem to build frugal and scalable AI solutions for the sector. With the goal of democratizing access to digital technologies and modernizing agriculture for the 21st century, Cropin aims to empower agricultural stakeholders, developers, and researchers to tackle global challenges like food security, climate change, resource conservation – water and soil, regenerative agriculture practices amongst others by providing access to contextual, factual and actionable information.

The first version of akṣara will cover nine crops viz. paddy, wheat, maize, sorghum, barley, cotton, sugarcane, soybean, and millets for 5 countries in the Indian subcontinent. These food crops collectively account for a substantial portion of the world’s food requirements and are the staple food for the population in the global south. Developed by Cropin and hosted on Hugging Face, akṣara is a frugal and scalable µ-LM built and fine-tuned on top of the Mistral-7B-v0.2 model. Recognizing the environmental impact of running large language models (LLMs), Cropin has meticulously compressed ‘akṣara’ into 4-bit from 16-bit by using QLoRA or Quantization and Low-Rank Adapters (LoRA). The model seems to be more relevant than GPT-4 Turbo by almost 40% on randomly selected test dataset as measured by the ROUGE or the Recall-Oriented Understudy for Gisting Evaluation scoring algorithm.The model ensures that the responses are factually relevant and brief while minimizing the compute and storage resource requirement.

It was fine-tuned with more than 5,000 high-quality question-response pairs specific to agriculture and more than 160k tokens in the context. These numbers are expected to increase as we add more crops, geographic locations and use cases. To ensure that the model remains faithful to the question, it is grounded by using techniques like RAG or Retrieval Augmented Generation by cross referencing an authoritative subject matter experts’ knowledge base.

This initiative also demonstrates Cropin’s commitment to sharing knowledge, and ethical and responsible use of AI for agriculture. The Cropin Al team used Google’s People + AI Guidebook and discussions with Google’s Responsible AI team to help guide the model’s design process. The aim was to ensure the model’s alignment with key responsible AI principles, reduce biases, promote the use of AI for sustainable agricultural practices (practices involving biological controls, soil conservation, water conservation, companion planting, preserving beneficial plants and insects), and ensure the equitable distribution of benefits across farming communities in the Global South.

This open-source initiative aims to support agronomists, agri-scientists, field staff, and extension workers and gradually extend the services to farmers in multiple languages, considering the need for local language support. Cropin believes that transforming global food systems requires equipping industry think tanks and researchers with the best decision-making tools and information. This knowledge should then be disseminated at the grassroots level.

Speaking on the announcement, Krishna Kumar, Founder & CEO, Cropin said, “In an era where Large Language Models are reshaping jobs, businesses, and customer interactions, the spotlight is now on industry-specific models trained on niche and comprehensive domain data as the ‘next big thing.’ These models can potentially transform agriculture, paving the way for a new era of tech-driven farming in a sector that has traditionally seen limited technological advancement. Domain-specific AI models for agriculture are expected to attract significant investments, offering a practical and economically viable approach to food systems transformation. Akṣara reinstates our commitment to leading the tech-driven agricultural movement in the years ahead, significantly impacting small-scale farmers’ lives”.

The first version of akṣara will cover

Company has expanded its language support to include several international languages such as Swahili, French, Spanish, Malay, Portuguese, Turkish, and Arabic.

Satyukt, a global Ag-tech aims to revolutionise farming practices worldwide, announces the expansion of language support for its Sat2Farm mobile application. Sat2Farm, a satellite-based agricultural monitoring system, has widened its language offerings to cater to farmers across the globe, ensuring accessibility and inclusivity for users from diverse linguistic backgrounds.

Agriculture is a global industry, and farmers worldwide need access to technological tools and information. With over 5.35 billion people now connected online, the power of the internet continues to grow, enabling individuals from all corners of the world to engage with a vast array of online resources.

“English has achieved global status, but not all farmers speak English fluently,” says Dr Sat Kumar Tomer, Founder & CEO, Satyukt Analytics. “Providing agricultural apps in vernacular languages ensures that language barriers do not prevent farmers from accessing important information and utilizing the full potential of agricultural technologies.”

Sat2Farm, initially available primarily in English, has expanded its language support to include several international languages such as Swahili, French, Spanish, Malay, Portuguese, Turkish, and Arabic. This expansion aims to make Sat2Farm’s services accessible to a global audience and to better serve users who may not be proficient in English.

“We recognize the importance of language accessibility in reaching farmers across diverse regions and cultures,” adds Dr Sat Kumar Tomer, Founder & CEO, Satyukt Analytics “By expanding language support for Sat2Farm, we aim to empower farmers worldwide with valuable real-time data and insights to enhance their farming practices.”

With the latest update, Sat2Farm users now have access to a comprehensive database covering over 80 pests and diseases commonly affecting crops worldwide. Additionally, users can benefit from 80+ crop calendars available in their preferred language, facilitating optimized farming practices. Furthermore, irrigation advisories tailored for over 50 crops are provided, offering users valuable insights to enhance their irrigation management strategies.

To access Sat2Farm in their preferred language, users simply need to download the Sat2Farm application on their mobile devices from the Google Play Store, install it, select the language of choice, and sign up.

Company has expanded its language support to

The collaboration aims to foster innovation and entrepreneurship in the state to strengthen the fisheries value chain.

Chennai based Aquaconnect, an aquaculture technology platform has signed a Memorandum of Understanding (MoU) with StartupTN to promote blue economy initiatives in the state. Through this, Aquaconnect aims to foster innovation and support the growth of new age startups in the aquaculture sector in the state.

In line with this, Aquaconnect in collaboration with StartupTN, backed by the Tamil Nadu government and Sathyabama University – Technology Business Incubator (Incubation Partner), launched ‘The Fish Tank’-India’s Grand Aquaculture Innovation Challenge, at the Tamil Nadu Global Investors Meet on January 07,2024.

The Fish Tank aims to promote innovation in the Indian aquaculture sector by providing a unique platform for early-stage startups and college students (UG/PG/Ph.D.) to showcase their next-generation ideas to the world and scale for impact. The program will cover broader aspects of the aquaculture value chain in both pre & post-harvest value chain wherein applicants can propose ideas related to affordable IoT/Software based solutions to monitor water quality, daily feeding, animal health, biotechnological advancements to improve production efficiency, seafood processing, preservation, and value addition amongst others.

The collaboration, which aligns squarely with The Government of Tamil Nadu’s ambitious goal of developing a $1 trillion dollar economy, further aims to nurture emerging talent and offer support to startups in Tamil Nadu to strengthen the fisheries value chain.

Sivarajah Ramanathan, Mission Director & CEO of StartupTN, “StartupTN’s Blue economy forum is first of its kind professional network to promote collaborative efforts between government initiatives, academia, and industry players which will drive a transformative growth, for making Tamil Nadu a hub for seafood-focused startups. I invite all aspiring entrepreneurs, early-stage startups to solve the challenges of “Fish Tank” and contribute to the blue economy of the state.”

Speaking on the development, Rajamanohar Somasundaram, Founder & CEO, Aquaconnect said, “The collaboration with StartupTN underscores our commitment to accelerating blue economy initiatives in Tamil Nadu. We are excited to witness how this will unfold and impact the sector on a large scale. Being the second largest producer globally, India’s aquaculture sector holds enormous potential, and it needs wider participation from forward-thinking individuals. I believe FishTank will be a pivotal step in fostering young entrepreneurship and unlocking the doors for incredible talent in Tamil Nadu.”

The collaboration aims to foster innovation and

With this deal, finbots.ai’s fast growing client base stretches to 10 countries across APAC and MEA markets while Samunnati strengthens its credit-risk management using world-class AI-enabled platform.

Chennai based Samunnati, India’s largest agri enterprises, today announced signing an agreement with Singapore-headquartered B2B SaaS FinTech finbotsAI, to transform credit risk management using AI. With this, Samunnati becomes the first Agri Enterprise in India to incorporate advanced AI-based solutions into a key pillar of its business, supporting its mission to drive greater financial inclusion for smallholder farmers and agri enterprises. Through this partnership, Samunnati has become the first client of Accel-backed finbotsAI in India.

With creditX, finbots.ai’s AI-powered credit modelling platform, Samunnati will be able to develop high accuracy custom credit models on demand, enabling them to scale their agri and MSME supply chain financing business with reduced risk. Samunnati will also be able to process new applications instantly, resulting in improved efficiency and greater agility in operations.

With this deal, finbots.ai’s fast growing client base stretches to 10 countries across APAC and MEA markets while Samunnati strengthens its credit-risk management using world-class AI-enabled platform.

Samunnati made the decision to sign with finbotsAI after an extensive evaluation via a Proof-of-Concept using historical data. With creditX, finbots.ai was able to reduce model development time from 3 months to 4 days with a significant increase in predictive accuracy, demonstrating potential upsides in revenue and operating efficiencies.

Commenting on the partnership, Anil Kumar SG, CEO and Co-Founder, Samunnati, said, “We believe that innovation is the key to solve the access to finance paradox and to unlocking the potential of Indian agri. The partnership with finbotsAI aligns perfectly with our vision of leveraging technology to serve our customers better and contribute to the growth of the Indian Agri.”

Sanjay Uppal, Founder & CEO, finbots.ai commented, “We are proud to make our foray into an exciting market like India with an industry leader in Samunnati. We have seen enormous success in enabling lenders in Southeast Asia and Africa to safely lend to new segments and accelerate financial inclusion and are confident our transformative AI platform, creditX, will have a similar impact in India. We are seeing creditX become a preferred option for lenders globally, and this deal reinforces the desire for cutting-edge technology solutions that solve legacy challenges.”

With this deal, finbots.ai’s fast growing client

FPOs will receive an assured incentive on each spraying order (acreage wise) while reducing input costs for farmers, improving operational efficiency, and conserving valuable resources.

With an aim to equip farmers with effective tech-enabled solutions, Salam Kisan, India’s fast-growing data-driven end to end agriculture platform that helps increase productivity and profitability for farmers, introduces a first-of-its-kind drone-based spraying service through FPOs on a rental basis for farmers in the Chandrapur district, Maharashtra. This groundbreaking initiative was unveiled by Sudhir Munagantiwar, Cabinet Minister of Finance & Planning, Forests, Government of Maharashtra during the Wild Vegetable Festival 2023 on Independence Day, and he hoisted the national flag using a drone provided by the company. With this initiative, Salam Kisan aims to equip farmers with cutting-edge technology that not only enhances their agricultural practices and promotes sustainable resource usage but also contributes to their economic well-being.

Under this initiative, Salam Kisan has collaborated with Farmers’ Producer Organizations (FPOs) to make drone spraying services easily accessible and affordable to a broader spectrum of farmers. By making drones an efficient and doorstep solution, the company intends to equip farmers with cutting-edge spraying capabilities for seamless pest management and precise use of agrochemicals. It also reduces water wastage by 85-90 per cent and product usage by 20-30 per cent, making strides toward sustainable agriculture.

At the same time, FPOs will receive an assured incentive on each spraying order (acreage wise). While reducing input costs for farmers, improving operational efficiency, and conserving valuable resources, this strategic initiative intends to provide FPOs with financial benefits and upliftment.

The event witnessed the presence of key dignitaries who have significantly contributed to India’s agricultural progress. Accompanying them were Salam Kisan’s special guides, including Akshay Khobragade, COO; Paresh Kullarkar, Agri-Operational Manager, and the pioneering drone pilots Raj Sidam and Amol Kohare.

Dhanashree Mandhani, Founder & CEO, Salam Kisan, said, “At Salam Kisan, we’re committed to empowering rural communities toward resilience and sustainability, and collaborations between public and private entities will be pivotal in implementing change at the grass-roots level.  Our national agriculture policy aims to set up 10,000 new FPOs by 2025 with a focus on revamping agriculture value chains and catalysing the growth of logistics in rural areas.”

“Usually, traditional pump spraying uses 100 – 120 liters of water per acre, and drone spraying uses 10 liters per acre. Traditional spraying is time-consuming and requires manual labor, while drone spraying takes 7 minutes. By making drone service accessible to farmers, we are helping reduce input costs, increase efficiency, and ensure farmers’ safety. At the core, we intend to benefit farmers, our agricultural ecosystem, and FPOs.”  stated Akshay Khobragade, COO, Salam Kisan. 

FPOs will receive an assured incentive on

The collaboration addresses key environmental challenges while promoting a circular economy and waste management innovation.

CEF Group, a leading Indian organization dedicated to waste management, has partnered with Halman-Aldubi Group, a renowned Israeli company with expertise in finance, energy, climate, and technology management solutions, to convert slaughterhouse waste into protein-rich food for fish. Aiming to revolutionize waste management practices in the slaughterhouse industry, this partnership between CEF Group and Halman-Aldubi Group will ensure slaughterhouse waste management implementation in India in alignment with the commitment of India and Israel towards sustainability and innovation. By converting slaughterhouse waste into fish food, the collaboration addresses key environmental challenges while promoting a circular economy and waste management innovation.

The primary objective of this collaboration is to provide a valuable and eco-friendly solution for the utilization of slaughterhouse waste. Instead of being discarded or having negative environmental impacts, the waste will be harnessed to produce nutrient-dense food for fish.

“The collaboration between CEF Group and Halman-Aldubi Group signifies our joint commitment to addressing global challenges in waste management, environmental sustainability, and the production of high-quality fish feed,” said Maninder Singh, Founder & CEO, CEF Group.

“India plays a vital role in global meat exports as it has significant livestock resources. The poultry, livestock, and fisheries sectors contribute to over 6 per cent of India’s GDP, highlighting their economic importance. As the demand for nutritious food continues to rise, both in India and globally, the demand for meat is expected to follow suit, thereby contributing more to slaughterhouse waste generation. If this slaughterhouse waste is not managed properly, it can have detrimental effects on the environment leading to soil contamination, water pollution, foul odour, air pollution and disease transmission, ultimately affecting industry growth. Therefore, CEF Group is bringing forth this joint initiative to handle and manage slaughterhouse waste responsibly and mitigate these environmental and health concerns.”

Halman-Aldubi Group, with its expertise and cutting-edge technology, will ensure that the converted fish feed meets the nutritional requirements for optimal growth and health of fish. One notable aspect of this collaboration is the advanced technology employed in the conversion process.

“This pioneering technology uses a steam process to sterilize the input feed while guaranteeing a process free from burning or pollution. Moreover, the plant design optimization allows for the establishment of a 60-ton-per-day input feed plant in just 300-metre square of space. The plant can be set up within slaughterhouses, maximizing efficiency and convenience. This slaughterhouse waste can be utilized for various processes like Anaerobic Digestion, Enzymatic Hydrolysis, Rendering, Insect Bioconversion, Microbial Fermentation and Algae Cultivation. From waste reduction, recycling resource conservation and reduced harmful impact on the environment to enhanced fish health and nutrition and cost-effective and sustainable feed production, this initiative can bring a groundbreaking change”, said, Rony Halman, Chairman, Halman-Aldubi Group.

The collaboration addresses key environmental challenges while

  The two-day event to host 170+ lighthouse FPOs from across the nation.

Samunnati, one of India’s largest agri enterprises, is hosting one of its kind flagship conclaves with 170+ lighthouse FPOs from across the country. The two-day conclave-themed Building a Resilient FPO Ecosystem will be held in Hyderabad between June 23 and 24, 2023. Samunnati believes that collectivization is the bedrock of larger and deeper socio-economic transformation, and this flagship is envisaged to be a unique platform for top-performing FPOs to learn, share and grow together.

The event ‘for the FPOs, and by the FPOs’ aims to create recognition for those making a positive, sustainable, and long-lasting impact on farmers’ livelihoods. The conclave will give a platform to the chosen FPOs to narrate their stories of struggles, success and share their learnings with the rest of the FPO ecosystem at large, inspire them to become thriving commercial enterprises and ultimately benefit the farmers of India.

The conclave will feature carefully curated panel discussions around 4 key themes: “Addressing the ‘access to finance’ paradox”, “Opening FPO mindset to AgTech Innovations”, ‘Access to Markets – Opportunities & New developments’ and ‘Climate Smart Practices & Regenerative Agriculture’.

Eminent Panelists such as S Ramesh – CEO, Nabkisan, Balakrishnan, Vrutti,CEO, Ashish – Chief Strategy Officer, Garuda Aerospace, Ananya Ramakanth, UNESCO, MGIEP, Tushar Devidayal, Devidayal Solar Solutions, Ramanjaneyalu,- Centre for Sustainable Agriculture (CSA) will be joining their respective panels to share valuable insights and thoughts for the benefit of the FPOs and other ecosystem stakeholders. All panels will have equal representation from FPOs who have done well in the themed areas.

In addition to panel discussion eminent speakers like Dr Shaik N Meera Director ICAR-ATARI, C S Reddy, APMAS, Shireesh Joshi, ONDC, Arun Raste, NCDEX will be delivering speeches themed broadly as “Building Resilient FPOs, digitally”.

Tentpole event of Conclave is the Gala evening on 23rd June, where the Chief Guest MR Muthukumar, Group CFO at Olam Group Limited and CEO – Operations at Olam Agri, Singapore will address the audience around the theme Making FPOs Sustainable and Profitable. Following the same the ‘State of Sector Report 2023 – Farmer Producer Organisation in India’ published by NAFPO will be launched. Anish Kumar, Managing Director, Transforming Rural India Foundation, will dive deep into Highlights & Key Implications for the year ahead.

Speaking at the conclave attended by important value chain stakeholders in addition to policymakers, government, industry experts, and ecosystem players including startups, Anil Kumar SG, Founder & CEO, Samunnati said “This is first of its kind congregation of top performing FPOs in the country who are the torchbearers for the entire ecosystem. The idea is to use this congregation as a platform to discuss and exchange ideas that made them successful and take them far and wide for the benefit of the entire ecosystem. This will be a great enabler for the nascent FPOs in Agri-ecosystem in the country.”

The conclave will be hosted at Kanha Shantivanam, Hyderabad which in itself is unique in many ways, including the fact that it is a worldwide headquarters of Heartfulness Foundation, set in a sprawling 1000+ Acre green campus.

  The two-day event to host 170+

Introducing the very first digital parametric insurance marketplace connecting carriers & customers.

New Delhi based Weather Risk Management Services (WRMS), an agriculture & climate risk management company, introduced SecuRisk to bridge the $160 billion global protection gap. SecuRisk is the digital-first global parametric insurance marketplace that supports product design, product validation, digital beneficiary onboarding, product education, policy purchase, claim management & settlement. The platform is backed by a proprietary global data stack and simple product education and capacity-building tools keeping the needs of low-income communities in mind. SecuRisk serves a diverse set of customers such as individuals, aggregators, development institutions, brokers on the demand side, and insurers and reinsurers on the supply side.

Whilst parametric insurance has had significant traction in Europe and North America, the parametric needle hasn’t moved much in emerging economies because risk carriers and the marketplace have limited access to expertise, resources, and data. Parametric Insurance is the need of the hour in emerging economies, but there are gaps like high product rollout time and cost, limited quality reliable data, and lack of product awareness. Thus, emerging economies fail to get significant and sustainable benefits from this solution.

“The global underinsurance gap is $160 billion, 96 per cent of which is in emerging economies; Asia accounts for over 85 per cent. The challenge is that traditional indemnity-based insurance solutions have not been able to fill this gap because they are data and resource intensive, expensive, and time-consuming which makes them unviable to cover small ticket risks relevant for these economies. The solution is Parametric Insurance, but while there has been significant traction in Europe and North America, the parametric needle hasn’t moved much in emerging economies.” said Anuj Kumbhat, Founder & CEO, WRMS.

Talking more about the platform Anuj Kumbhat added, “While designing this platform we had one thing very clear; it should be simple, transparent & easy to navigate to serve emerging economies & low literacy communities. The platform has an interface for insurers and reinsurance to evaluate and underwrite parametric policies. It also allows them to manage their portfolio risk and claims through the system. The customer-facing front-end also has a mobile application that enables the end-end parametric insurance policy lifecycle management for customers through a simple interface.”

Anuj further added, “Our comprehensive parametric insurance platform enables insurers to build, operate and monitor parametric insurance for global beneficiaries by leveraging our global data stack and integrated risk modeling. The platform supports secure and rapid underwriting and claims management and has simple product education and capacity building tools keeping the needs of low-income communities in mind.”

Introducing the very first digital parametric insurance

By Dr Shyam Gunnamreddy, Founder & CEO, Samhitha Crop Care Clinics

Blockchain technology gained extensive traction because of its vital role in the fintech sector. It has now been seen to have vast applications beyond cryptocurrencies and the agriculture sector is not an exception. Technology has drastically transformed the agriculture sector along with healthcare, real estate, banking, and so on. As per market predictions, blockchain is all set to become a game-changer in India with a whopping $176 billion of business potential by 2050.

Considering the capabilities of blockchain, the agriculture sector in India is all set to propel it to a whole new level, continuing its contribution to the $5 trillion economy. There are nearly 150 startups working on the application of blockchain technology in the agriculture sector. Even today, the Indian agriculture sector is undergoing several issues that need immediate resolution for scalability and growth of the sector. The agritech startups leveraging the potential of blockchain technology are helping the agriculture sector in numerous ways.

With India being an agrarian economy, agriculture is considered the primary source of livelihood for around 58 per cent of the country’s population. It is one of the most important sectors, and yet a slow adopter of tech-driven solutions and techniques. It was the outbreak of the pandemic that devastated the food supply chain across the world and resulted in the accelerated adoption of technology.

In recent years, the agritech startups have introduced technology-based solutions that give a boost to the resilience of the sector. By embedding blockchain technology in agriculture, it has become easier to fortify farming in India through different use cases of blockchain technology.

Data generation and processing

Agritech startups are embedding IoT sensors and blockchain technologies to consolidate information on multiple steps of farming –from evaluating the quality of seeds, to crop tracking and the journey of crops from the farm to the market. Amidst the extensive farming process, it is imperative yet complex for farmers to keep track of the farming process. With IoT-enabled smart farming systems, it becomes easier to manage the effect of temperature, pH, soil moisture, humidity and light on the crops. These devices generate data and help farmers make well-informed decisions based on data storage.

Further, to make the data more insightful, machine learning algorithms are applied to the data gathered from the sensors. This enables predictive models to drive high use cases for crop quality recommendations, crop identification, crop yield and crop demand prediction. With the captured information, farmers are also able to have a sense of control over the irrigation of fields.

The advantages

Traditionally, the method of storing data on a centralised server has several risks associated with a single point of failure. However, the usage of blockchain technology stores data across every node, which prevents centralisation of authority, making the exchange of data seamless with specific stakeholders and greatly reduces risk. This brings efficiency to the entire crop or food production value chain.

To read more click on: https://agrospectrumindia.com/e-magazine

By Dr Shyam Gunnamreddy, Founder & CEO,