US company in blockchain plan to reduce losses after harvest
Sunday, November 25, 2018 22:58
By JAMES KARIUKI
Silicon Valley-based software development company is partnering with a Kenyan start-up to launch a logistics platform for monitoring post-harvest losses of select farm produce.
In a statement, HashCash Consultants confirmed initiating talks with a Kenyan start-up but declined to disclose nature of their partnership on the planned early next year.
“The objective of the project is to strengthen the infrastructure of the agricultural sector with optimised logistics. The primary cause behind dwindling food reserves has been identified to be post-harvest wastage. The loss is close to a daunting 50percent of the produce,” said the statement.
HashCash said it will deliver a blockchain platform providing a decentralised distributed ledger that records quantity and quality of crops harvested, transported as well as its sale.
It said the data collected along the supply chain will be analysed to facilitate a more accurate calculation of post-harvest loss as well as help identify problem areas that could be improved to reduce the losses.
HashCash said the information collected will be safeguarded via encryption making the blockchain ledger reliable as the platform will automatically cancel out all possibility of manipulated reports and corruption.
“The Kenyan private sector is steadily looking to incorporate technological innovations to provide more efficient products that are easy to implement across industries,” it said.
The new platform will also provide a new avenue for raising cash based on specific needs of farmers and agro-processors.
Twenty-Three Kenyan Entrepreneurs to represent the country in the upcoming Forty Under 40 Africa Awards 2023 : TechMoran
Latest Mobile App Development Trends To Dominate In 2023 : TechMoran
FORMER ARSENAL, REAL MADRID AND GERMANY MIDFIELDER OZIL RETIRES – GhettoRadio 89.5 FM
NSL: Shabana look to end first leg on a high
Ruto retains Ex-Solicitor General Ogeto to be Legal Advisor, Karisa Nzai Political Affairs Advisor » Capital News
HOUSES FLOODED IN WARUKU SLUMS AFTER HEAVY DOWNPOUR – GhettoRadio 89.5 FM
Firat: Kenya can qualify for 2030 World Cup
PEAKY BLINDERS’ CILLIAN MURPHY LANDS FIRST BAFTA NOMINATION – GhettoRadio 89.5 FM
Uber Announces Community Empowerment Initiative For Women Earners
Chelsea Wins First Leg Encounter With Lyon » Uzalendo News
The Standard – Breaking News, Kenya News, World News and Videos
Adola, Rotich set for Paris Marathon showdown
Coca-Cola joins other corporates during the Two day
In Kenya, men only marry women – Peresident Ruto – Kenya Satellite News Network
Patricia Njirwa: Open letter to Odinga, Karua and Musyoka
William Ruto’s headache in bid to woo foreign investors amid protests
KHALIGRAPH DESTROYS TID, NAZIZI SONG ‘WATASEMA’ – GhettoRadio 89.5 FM
PARENTS’ EXPERIENCES WITH AUTISM – GhettoRadio 89.5 FM
Gachagua Will Meet Raila at KICC, Discuss Way Forward – Malala – Nairobi Times
Parents Break Down While Struggling to Identify Pwani Accident Victims – Nairobi Times
General News2 days ago
At Least Eight Dead In India Temple Collapse » Uzalendo News
Entertainment6 days ago
Azimio must train supporters on peaceful demos
General News3 days ago
Salva Kiir appoints defence minister, breaches peace deal – Nairobi Times
Tech4 days ago
UAE’s fintech Qlub raises $25 million to grow its operations : TechMoran
General News6 days ago
Waiyaki Way, Other Nairobi Roads Barricaded by Police During Raila Protests [FULL LIST]
Tech6 days ago
Paying for a blue badge on Twitter, are you game?
Entertainment4 days ago
MC Fullstop in the ICU following collapsed lung
Sports4 days ago
Uganda edge Tanzania to revive 2023 Afcon hopes