Coco sold from Nigeria - is that something that could benefit from going onchain? What are the benefits? Why do we need a blockchain? And why Solana?
These were the questions I had for Henry Duckworth, Co-Founder of Agridex. Agridex are taking a refreshing approach to address the inefficiencies in the food supply chain. So what is the secret sauce?
They are starting with facilitating quick payments for farmers. They are not trying to get everyone on the incumbent supply chain onto their platform on day 1. That is a path many have tried and failed.
Instant settlements, getting robust financial services (finance, parametric insurance) for farmers as the next step, and then slowly opening the door for more supply chain participants to come onboard.
Solving farmers problems has been something very close to my heart for a long time, and I truly believe Blockchain based solutions can actually do that.
It was fascinating to hear Henry breakdown the problem statement and how he is approaching it. Enjoy the listen.