Blockchain in African Agriculture (Fintech Fridays Special Edition with Binance Africa Ep.8)

The Sound of Accra Podcast

In the eighth episode of Fintech Fridays Special Edition with Binance Africa titled "Blockchain in African Agriculture," we:

• Explore how Web 3.0 is revolutionszing farming across the continent. From enhancing land ownership verification and developing Ethereum-backed insurance policies to improving market access and enabling financial inclusion.
• We'll also highlight successful innovations, like a smartphone solution from Purdue University that aids Kenyan farmers in tracking and transporting agricultural products. Join us as we uncover the future of farming in Africa and the pivotal role blockchain plays in this evolution.

A special thanks to our sponsors, Binance Africa, for supporting this episode.

About Binance

Binance is the world's leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users and features an unmatched portfolio of crypto products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. For more information, visit: https://bit.ly/4gbOtZR

Disclaimer: For the avoidance of doubt, the use of the terminology of depositing or withdrawing does not mean that Binance receives, holds, or releases any fiat currency through its platform nor does it contemplate any deposit taking, remittances or similar activity by Binance.

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Episode Agenda

Impact of Blockchain on African Agriculture

• Evolution of African agriculture with Web2 Technologies
• Examples: Farmerline in Ghana and Kamaza in Kenya
• Potential impact of Web3 on African agriculture

Significant Areas of Blockchain Impact in African Agriculture

• Land Ownership and Insurance
• Prevention of land frauds
• Potential for blockchain-backed government entities like Ghana Land Commission
• Insurance policies backed by blockchain for farmers
• Market Access and Traceability
• Platforms like Cardano supporting direct consumer-farmer transactions
• Benefits like transparency, speed, and accessibility in transactions
• Financial Inclusion
• Enabling other types of funding and micro banking services
• Importance for farmers from rural and unbanked areas

Disruptions in African Agriculture: Food Security

• Improvements in supply chains in countries like Kenya
• Role of Purdue University's smartphone-based solution in Western Kenya
• Building technology side by side with farmers for the right audience
• Features of the app: digital receipts, and a digital wallet
• Successes and expansions to other countries and crops

Additional Resources

• Encouragement to check out Binance Square for more region-specific stories

Timestamps

00:00 SESO Global uses blockchain for African real estate.

04:26 Blockchain revolutionises agriculture financing and accessibility.

07:48 Outro

References

Binance - https://bit.ly/4gbOtZR

SESO Global - https://www.youtube.com/watch?v=uzl_yPBqZas

Binance Square - https://www.binance.com/en/square

Farmerline - https://farmerline.co/

Kamaza - https://komaza.com/

Purdue University collaborations - https://ag.purdue.edu/idaas/