Key Takeaways
- Strategic Collaboration: Farmsent has partnered with Varda to enhance transparency and sustainability in agriculture through blockchain and data services.
- Enhanced Data Tracking: Varda’s Global FieldID provides precise data tracking, aiding farmers in optimizing their practices.
- Commitment to Sustainability: Both companies are dedicated to improving regenerative agriculture and the agricultural supply chain.
- Focus on Core Areas: Farmsent emphasizes trade, trade financing, and traceability, integrating Varda’s services into its platform.
- Empowering Farmers: The collaboration aims to empower small farmers and ensure food security by leveraging advanced technologies.
Farmsent, a blockchain platform that connects farmers directly with buyers, has announced a strategic collaboration with Varda, an ag-tech data service provider. This partnership aims to enhance transparency and sustainability in the agricultural sector.
Varda & Farmsent: Leveraging Data for Regenerative Agriculture
Accurate data tracking is crucial for unlocking valuable insights in regenerative agriculture. Varda’s service, Global FieldID, facilitates the identification of each plot of agricultural land, providing farmers with precise information to optimize their practices. Assigning a unique field ID ensures that each farm and field is clearly identified within Farmsent’s platform.
Davide Ceper, CEO of Varda, highlighted the significance of leveraging data-driven insights for regenerative agriculture, stating, “Our collaboration with Farmsent will provide agribusinesses and consumers with clearer data insights on regenerative farming practices. Global FieldID is meant to serve as a collaborative system where participants, like Farmsent, benefit from using a standard and shareable ID for every land parcel their customers farm, and can contribute their own boundaries so that, over time, quality, completeness, and accuracy of the GFID database will constantly grow.”
Farmsent’s Commitment to Empowering Farmers
Farmsent is dedicated to empowering small farmers and ensuring food security by leveraging blockchain technology to establish a transparent and secure marketplace. The platform aims to increase farmers’ profits and deliver fresher produce to consumers. They focuses on three core areas critical to the agricultural industry: trade, Trade Financing, and Traceability, often referred to as the 3Ts.
Through this partnership, the company will integrate Varda’s advanced data services into its platform, DePPs. This will enable farmers and stakeholders to access comprehensive insights for informed decision-making while contributing field data to Varda’s data warehouse.
Driving Positive Change in Agriculture
Yog Shrusti, CEO of Farmsent, expressed excitement about the collaboration, stating, “We are thrilled to partner with Varda to drive positive change in the agricultural landscape. By combining Farmsent’s blockchain expertise with Varda’s data services, we aim to empower farmers, enhance sustainability, and foster a nature-positive food system.”
Farmsent Latest News
Collaborates With The Belt and Road Initiative (2023/12/13)
In a landmark move, Farmsent has joined forces with The Belt and Road Initiative, led by the Chinese government, to revolutionize the global agricultural sector. The partnership involves Farmsent’s state-of-the-art traceability system, strategic land allocation, and impressive global impact. According to Farmsent CEO Yog Shrusti, the collaboration aims to bring about a transformative phase in global agriculture characterized by technological innovation, sustainability, and international collaboration.
Image provided by Farmsent
