AgUnity awarded the ‘Excellence in Finance — Companies’ award at FiNext Conference Singapore 2019
AgUnity was awarded the Excellence in Finance — Companies award for their significant contribution towards the financial sector at FiNext Conference 2019, held at Marina Bay Sands, Singapore on April 25–26, 2019.
AgUnity is an Australian-based startup founded in 2016 with the ambition to help change the lives of the 1-billion plus smallholder farmers in the world. Tackling issues of a lack of trust, corruption & graft, poor record-keeping, and farming inefficiencies, AgUnity has developed a smartphone and blockchain-based solution for the world’s poorest farmers, a simple mobile app restoring trust and enabling cooperation.
In the two completed pilot projects to date, wheat farmers in Nanyuki, Kenya, and cacao farmers in Bougainville, Papua New Guinea, increased their incomes by an average of 3x, from one season to the next. This substantial rise in income is achieved simply by getting farmers to cooperate to share equipment, plan farming activities, and buy and sell together as part of a farming co-operative.
The cooperation between farmers and farming co-operatives has only been possible with the assurance to farmers that, for any transactions occurring between them and the co-operative, there is an immutable record created that no one, not the farmer, the co-operative or AgUnity, can alter and that everyone’s record is identical. Once farmers feel assured that they will not be cheated, they begin to trust each other enough to work together, and impressive results follow shortly thereafter.
For more information, visit: https://finextcon.com/member/agunity/
AgUnity Website: http://www.agunity.com/
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