Farm Connect com Redefining the Agriculture Value Chain

Farm. Connect. com Redefining the Agriculture Value Chain in India Innovation & Cryptoventures Team 13 Zen, Brinda, Pragnya, Vedant

India’s Farm Crisis For every $80/lb of produce sold, farmer only makes $3. 70% Rural households depend on Agriculture 16. 5% of India GDP Farmer 263 million $3 Farmers in India Avg. Debt on the farmer Farmer Suicides in 2014 No capital with small farmer to harvest Mandi (APMC) $13 Long Chain of Intermediaries INR 500 K 17, 627 Middleman $15 Lack of Transparency Default on Banks and MFI loans easily Borrow from middleman at interest Input Dealers Retailers $20 MRP $80 Unethical Practices Distressed sale of crops to middleman against loan Lack of Output Quality Middleman hoard the crops and sell to Mandi Our goal is to disrupt the middleman and create an efficient/transparent/real time supply chain system on Blockchain 1. http: //www. tribuneindia. com/news/punjab/farmers-debt-rises-to-rs-69 -355 -crore-survey/187042. html 2. https: //en. wikipedia. org/wiki/Farmers'_suicides_in_India 3. http: //www. economicsdiscussion. net/agriculture/marketing/agricultural-marketing-in-india-defects-and-their-remedial-measures/12854

Blockchain Specs Blockchain provides the transparency, flexibility and trust required to disintermediate the middleman. Federal System DAO #1 Ethereum Protocol, Multi-DAO, Permission Based, Proof of Stake DAO #2 DAO #3 Smart Contract DAO #. . . Certification Input Seeds Agri. Supplier Cash Collect Farmers Deliver Distributors Sell Mandi Input Dealer / Retailer • Grade • Type • Date • Weight • Location • Loss% Private • Price • Agri. $ • F. I. $ Loan • Farmer $ • Distr. $ • Broker $ Mandi Payments Financial Institution Broker Product Flow Payment Flow Validators Public Aggregate & write to blockchain

Financial Model We plan to take 0. 01% commission on funds paid out by Mandis Market Scope – Total Indian Market $300 Billion p. a. $30 Million p. a. Funds Paid out by Mandis per year $18 k p. a. Funds Paid out by Mandis Avg. Revenue per Mandi per year Total Investment Required : $1 Million Initial Onboarding • Software Development/ Programing • Stakeholders Lobbying • Implementation On Going • System Maintenance • Validation Immediate Pilot Investment: $250 k

Implementation and Next Steps IMPLEMENTATION ROLL OUT BLOCKCHAIN ADVANTAGES IMPLEMENTATION RISKS Remote Independent Writers • Technological Complexity Pilot • Launch in Kerala (South India) Distributed Ledger • Security Phase 1: • Aligning Stakeholders • Expand pilot to Mandis in 1 state Existence in the Absence of Trust Causing Disintermediation • Limited Experience • Buy local Phase 2: • Leverage modularity of solution for global expansion • Vested Local Political Interest Economic Benefits for Participants Source: Mc. Kinsey Framework for Blockchain Evaluation