Vfarm’s default applications are:
Market place-connects ecosystem users directly making the process of ordering simpler. The user has the ability to decided on multiple criteria such as price and environment l and social impact, carbon footprint, water usage foot print and farms managed by BoP. The marketplace also supports framing and supplying on contracts.
Verifier-allows any participant in the ecosystem to verify the source, specifics from the seed supplier and other pertinent data points to the logistics chain that has handled the produce.
Dashboard-gives the user real-time analytics on all the transactions done and the major metrics such as environmental and socio-economic influence the users of the ecosystem have enabled that will, in turn, provide the user with an incentive to keep transacting with Vfarm vertical farms.
The Vfram application scans the QR codes to determine the serial batch of produce. The application scans the Vfarm blockchain for a specified serial from the final entry to the first entry in order to determine the identity of the parties single transaction associated with the product as well as the farm data and optionally humidity and temperature of each of the logistics.
VFarm layer allows new services to be added and to target a specific segment of the users. All services on the Farm ecosystem are required to use the VFT Token for transactions. The services are all sandboxed for security and are only allowed to access other layers of the Vfarm application through a secured API.
The VFarm token management layer offers a secure and suitable way for ecosystem users to carry out transactions. Within the ecosystem, only the Vfarm crypto Token VFT can be used to carry out any type of transaction...The VFT token management layer consists of these components:
VFT Crypto.
Crypto Transaction Manager.
VFarm platform also has the Vfarm crypto wallet, an ERC20 compliant wallet. A private key and public address are processes for each user. To ensure recover-ability, the Vfarm token management layer stores the recovery keys in the secure clave.
TOKEN UTILITY.
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The VFT utility token is the only one that can be used in the VFarm ecosystem. It can be utilized for the following actions:
♦️The VFT Token is required by farms to write their planting data onto the VFarm Agro Traceability blockchain (VATB). The data is gotten from the IoT sensor array and manual input.
♦️The VFT token is also required for logistics service providers to write their logistics information on the Vfarm agro traceability blockchain. This information is acquired from the logistics app API data.
♦️ The users will be able to verify a product source freely but if they require more information and detail on its source, VFT tokens are then required.
♦️ The VFT token is needed for users to access particular analytics and insight on information kept in the VABT. For instance, researchers could request for analytics on irrigation effects on plant growth or government agencies would need clarity on projected food plant demand in the next 12 months.
♦️ The consumers are given a free dashboard view of their consumption although they can also prefer more insight into their purchase impact using the VFT token.
♦️ Vfarm technology system licensees can also transact using the VFT utility token on the Vfarm ecosystem.
CONCLUSION.
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Vfarm has intentions of supporting existing and planned initiatives targeted at food security, medicine, and cosmetics in highly populated cities in Asia and Africa involving international agencies and private corporations and foundations. It targeted to license fifteen of its systems to these areas of target and potential market within 24 months of operating especially to the cities that are in desperate need of food security making a total of thirty farms setups within the period. With the introduction of vertical urban farming, we are looking at the possibility of winning the war against food security and hopefully poverty and unemployment.
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★ Author: jamesndungu1
★ BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
★ All Images credited to VFarm OFFICIAL WEBSITE
