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  • Aaryan Doshi

Blockchain in a Circular Economy: Part 1


Blockchain in a Circular Economy image: adobe firefly


Community Farming

There are many countries that have the perfect climate to grow vegetables and fruits. However, the economics of rural farming is not attractive to local producers. This results in high costs of produce and the poor in urban areas are impacted by these high costs. An alternative is to increase food production in urban areas using vertical or low-tech farms. In this scenario, large producers sell to small and large consumers. They can transact directly without the need for any intermediaries using cryptocurrency and online digital contracts that use Blockchain as the underlying technology for traceability. This results in reduced production costs, transportation costs, carbon footprint, and higher employment opportunities in urban areas.

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