AWADE Blockchain Platform
Sustainability-Traceability
Block chain
The way people do business has been changing. Companies have been evolving to track shifting consumer priorities, digital advances as well as local and global needs. ESG has risen. Supply chains have been transformed. Finance has graduated from the paper bill and ledger. Increasingly, positive impact has become good business. TRUVAGRO is therefore proud to once again pioneer this space with the launch of its Awade Technology Platform.
Democratizing Prosperity in Agriculture
The agricultural supply chain is vast and varied. Many crops and wild-caught foods begin in places with limited food safety and traceability standards as in most of Africa. Awade Technologies leveraging on Blockchain can turn these far-reaching, opaque supply chains more transparent — illuminating farm origins, ensuring that farmers receive fair pay.
Despite the countless tech advances since agricultures origin, the early links of our food supply chain remain paramount to civilization. And yet, the farm-to-fork line is often far-reaching and obscure. Across the world, farmers face diverse sets of challenges. One of these challenges is that third-party intermediaries often take a disproportionate share of profits.
Traceability requires several companies to collaborate and send event data about their batches. TRUVAGRO’s Awade Tech enables us to successfully implem=ent traceability even if there are smallholder farms and global corporations within the same supply chain.
Smart Contracts
TRUVAGRO has introduced a smart contracting model under its Awade Technologies Platform which connects smallholder farmers directly to the market. Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary’s involvement or time loss.
Digitizing Products and Assets – In a bid to enhance traceability, transparency and engagement, TRUVAGRO’s Awade Technologies enables us to print serialized QR codes during packaging.
We then connect the serials to the batch information in order to:
- – create a digital twin of our physical products,
- – provide end-to-end traceability information,
- – establish conversation,
- – and collect valuable information about your consumers.