KrishiCoin - Decentralized platform for farmers in India | Based India Buildathon

In India agriculture sector contributes around 18% to the economy and also employs many individuals. But there are many ongoing issues in this sector those are weakening its foundation. In the last decade, over 1 lakh farmers in India have taken their own lives. They faced many problems like heavy debt, low prices for their produce, crop failure, limited financial support and assistance.
To address some of the above issues we built KrishiCoin. It aims to solve these problems. It is focusing on the following challenges in the Indian agriculture sector.
Middlemen in Agriculture: Farmers often rely on middlemen to sell their produce or crops, which reduces their profits. KrishiCoin eliminates these middlemen by enabling direct transactions between farmers and companies.
Difficulty in Reaching Markets: Many farmers struggle to connect with large buyers or companies. KrishiCoin is a P2P and DeFi dApp built on Base blockchain (Ethereum L2) for farmers and people in rural areas. It offers features such as peer-to-peer marketplace, crowdfunding, covering all the financial aspects for people in rural areas.
Limited Access to Finance: Many farmers struggle to get funding, financial assistance or support for their needs. We provides a platform for farmers to raise money through crowdfunding, helping them get funds for the social and essential causes.
Lack of Trust and Transparency: Traditional financial systems often lack transparency, leading to unfair practices. We uses blockchain to ensure secure, transparent, and trustworthy transactions.
Digital Divide in Rural Areas: Farmers in rural areas often miss out on technological advancements. KrishiCoin helps bring them onchain and into decentralized finance (DeFi) world, making it easy for them to sell products and manage funds digitally.
Lack of Community Engagement: Rural communities often lack platforms for sharing knowledge and experiences. Our platform addresses this with a Community Writes section, promoting social engagement among farmers in rural areas.
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