Agrifi Docs
  • Introduction
  • Agrifi Concepts for both B2B and B2C Space
    • Food Safety and Supply Chain Management in Blockchain & Marketplace
    • Concept 2: RWA - Organic Farming - Produce from the Farm will be their Return on the Investment
    • Concept 3: Crop Insurance on Blockchain
  • Future Potential of Farmland Tokenization
  • Agrifi AGF
    • BLOCKCHAIN IN AGRICUTURE
    • ROLE OF BLOCKCHAIN TECHNOLOGY
    • AGTECH HELPS SMALL AND LARGE FARMS TO
    • FINANCING TRENDS
    • AGRIBUSINESS GIANTS ARE TAKING NOTICE
    • DUPONT’S GRANULAR
    • SENSORS ARE NOW COMMON THROUGHOUT FARMING
    • ADVANCED AERIAL IMAGING IS NOW POSSIBLE
    • ANALYTICS TOOLS
    • ROBOTICS IS AUTOMATING AGRICULTURE
  • BENEFITS
    • TRANSPARENT SUPPLY CHAIN
    • FAIR PRICING OF GOODS
    • EXPAND FINANCIAL OPTIONS FOR FARMERS
    • IMMEDIATE PAYMENT ON DELIVERY
    • TRACEABILITY OF FOOD
  • USE CASES
    • OVERSEEING FARM INVENTORY
    • ENHANCING AGRICULTURAL SUPPLY CHAIN
    • MODERNIZING FARM MANAGEMENT SOFTWARE
    • THE MARKET: FARM MANAGEMENT SOFTWARE
    • AGTECH IOT OPTIMISATION
    • FAIR PRICING
    • OVERSIGHT AND PAYMENT OF AGRICULTURAL SUBSIDIES
    • COMMUNITY SPONSORED AGRICULTURE
    • MOBILE REMITTANCE FOR SMALL FARMERS
    • INCENTIVIZING SUSTAINABLE PRACTICES
    • GREATER ACCOUNTABILITY FOR MULTINATIONALS
  • TECHNOLOGY
    • Agrifi PROJECT SYSTEM ARCHITECTURE
    • Agrifi TOKEN
    • LOCK-UP PERIOD
    • THE ASK
    • FUNDS UTILIZATION
    • SALES STRATEGY
    • GROWTH STRATEGY
    • MARKETING STRATEGY
    • VALIDATION
    • VISION, FINANCIALS, EXIT
    • CONTACT US
  • ROADMAP
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  1. USE CASES

OVERSIGHT AND PAYMENT OF AGRICULTURAL SUBSIDIES

PreviousFAIR PRICINGNextCOMMUNITY SPONSORED AGRICULTURE

Last updated 6 months ago

The transparent and immutable behavior of the Blockchain will enable insurance companies and other authorized parties to access the data provided by farmers easily. They can directly query the blockchain to fetch the required information with the help of smart contracts. After the insurance claim request is approved, farmers will automatically get the requested amount in their respective wallets. Also, during the whole process farmers can trace the activity of approval of subsidy. Thus, through Blockchain farmers can get compensation seamlessly and quickly.

A Blockchain enabled database that embraces smart contracts and automation on several accounts would facilitate the transfer of subsidy payments in a cost-efficient manner and instantly. Blockchain can also be employed in the process of disbursing subsidies to farmers to ensure that they benefit from subsidy programs.