Home Blockchain Greenacre leads development of blockchain-based app to support African farmers

Greenacre leads development of blockchain-based app to support African farmers

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Greenacre leads development of blockchain-based app to support African farmers

Farm in Mozambique, Africa

Jonathan GreenacreAssistant Professor of International Relations at Boston University’s Frederick S. Pardee School of Global Studies, is the Principal researcher and project manager on a new partnership between Boston University Global Center for Development Policy (Center of GDP) and the Rafik B. Hariri Institute for Computer Science and Computational Science and EngineeringHello Tractor, as well as the Algorand Foundation to use blockchain technology to develop an app to unlock access and support farmers in Africa.

Funded by the Algorand Foundation, Greenacre and his team will use blockchain and contract theory to help Hello Tractor – a Kenya-based company explicitly seeking to build a digital ecosystem in agriculture – “leapfrog” institutional and infrastructure in Africa and other developing countries. countries to foster the formation of pro-poor and inclusive digital ecosystems. Often referred to as “Uber-meets-Salesforce for tractors”, Hello Tractor’s digital ecosystem connects smallholder farmers looking for machinery with fleet managers looking to improve the delivery of their tractor services.

“Hello Tractor’s digital ecosystem contains many bottlenecks that impede the company’s ability to achieve its inclusive growth goals in rural and border areas in Africa and other developing regions,” says Greenacre. in a GDP Center Blog describing the project. “The new blockchain-based solution, called ‘Tokenomics’, will develop and protect information about all tractor owners’ reservations and tractor activities, streamlining the entire digital ecosystem. Access to tokens will improve Hello Tractor’s current web and mobile application platform by creating incentives for farmers, tractor owners, booking agents and investors to solve access bottlenecks.

The project aims to better support Hello Tractor’s mission to support farmers in Africa and, by extension, help feed the world in the 21st century. Additionally, knowledge from the project could support the work of other companies trying to provide health care, clean energy and other services to rural communities. Effectively reaching and supporting these communities is a big job and technological innovations such as blockchain will be important to achieve this.

For more information, read Greenacre GDP Center Blog describing the project as well as the Algorand Foundation press release.

Professor Greenacre is an academic and a lawyer. He has provided legal and regulatory advice to the United Nations, the International Monetary Fund, the World Bank and central banks in Africa and the Pacific. His work focuses on the development of new regulatory frameworks for the digital revolution, in particular fintech payment systems/cryptocurrencies, artificial intelligence, transport and the Internet of Things. Learn more about Professor Greenacre on his faculty profile.

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