The agricultural industry generates over $2.4 trillion for the global economy. Since 2012, meal delivery and grocery delivery startups have raised more than $8.4 billion in venture capital,cumulatively. But the major concern is the farmers and the cooks who produce those meals have not been able to enjoy the benefits of their hard work as much as they were supposed to.
The agricultural industry has the following issues that need to be solved
_1. High restaurant opening and running costs:
- High costs renting super-market/farmers market shelve spaces Shelf rental fees
- Considering a limited number of restaurants cost of food for end consumer is too much
- Farmers and Food producers depriving of the major share
- Almost two billion of people on Earth do not have any access to the banking services and are excluded from the modern economic processes._
Solution suggested: Feedchain
FEEDCHAIN is a decentralized mobile and web application platform on which people can use their houses as home-based restaurants. Also, farmers (crop, animal, poultry), fishers, or gardeners can use their houses as home-based farmer's markets.
FEEDCHAIN home-based restaurant platform will be an immediate means to provide employment to millions of unemployed home owners around the globe. A means through which consumers around the globe will have access to endless varieties of pleasurable meals and freshly harvested groceries
Features of the project
Transparency: What you see is what you get!
Peer to Peer Mode of Payment: The decentralized blockchain Integration allows FEEDCHAIN users to make or receive payment without involving a middleman and thus saving them about 25% of the amount previously charged by the middleman.
No Role of Third Party: No corporate oversight and data manipulation
due to blockchain and open ledger technology which means no third party is
involved and thus eliminating a big share of fee previously charged by third parties.
Decentralized having no single point of failure: By storing information in multiple cryptographically validated ledger copies across a network, FEEDCHAIN eliminates single points of failure, hacking attacks, or control by any singleentity.
Trust Less System: Exchange happens between involved parties without the oversight of an intermediary third party.
Maps and Location: Maps and location service to enable consumers find the location of home-based restaurants and stores.
Security: Security assurance by using web3.0 stack to create complete decentralized mobile/ Web app for FEED on the Ethereum blockchain.
Dedicated Wallet: A dedicated wallet called FEED wallet would be built into the mobile and web application.
The project shows immense potential and it is dedicated to a humanely cause. Makes is all the more worthwhile to consider investing in it. Find more information as the project goes on from the details given below. Will meet you again with more news in the tech-sphere in the next article. Cheers!!
Find more information here
WEBSITE:https://feedchain.io/
WHITEPAPER:https://feedchain.io/wp-content/uploads/2018/06/Official-White-Paper-1.pdf
_FACEBOOK:https://web.facebook.com/feedchain.io/?_rdc=1&rdr
TWITTER:https://twitter.com/feedchain
TELEGRAM:https://t.me/feedchainbounty
ANNTHREAD:https://bitcointalk.org/index.php?topic=4425794
AUTHOR : WALLSTREETERS2
PROFILE: https://bitcointalk.org/index.php?action=profile;u=2249360;sa=summary