The role of blockchain in agriculture and how it advances the UN’s Sustainable Development Goals

    2023.08.19 | exchangesranking | 1270onlookers

    The role of blockchain in agriculture and how it advances the UN’s Sustainable Development Goals

    Many global challenges need to be addressed through a collaborative effort. Blockchain can play a role in accelerating some of the major goals, such as ending poverty and fostering inclusive economic growth.

    In 2015, the United Nations (UN) presented its Sustainable Development Goals (SDG), which consist of 17 global goals aimed at tackling critical challenges related to poverty, equality, climate change, education, infrastructure, land and water management and more. These goals are part of the UN’s broader agenda for 2030.

    A 2022 report by the Global Reporting Initiative (GRI) found that 83% of companies worldwide had openly supported the SDGs, aligning their strategies with one or more goals.

    With the adoption of blockchain technology across major industries, including agriculture, many blockchain-oriented companies have the opportunity to drive and accelerate the UN’s goals. This includes ambitious goals like eradicating poverty, ending hunger, ensuring food security, promoting sustainable agriculture, and providing complete and productive employment for all.

    Blockchain to unlock barriers to UN SDGs

    Decentralized infrastructures can be crucial in addressing challenges hindering the UN’s objectives, and many leading groups in sustainability are taking notice.

    In striving for a more sustainable future, blockchain makes things more transparent and accountable in various areas. For instance, when it comes to reducing poverty and making sure more people have access to financial services, blockchain can create records of transactions that can’t be changed, making digital financial services safer and more efficient for those who don’t have access to traditional banks.

    Additionally, in supply chains, blockchain can be used to guarantee that products are made ethically, supporting sustainable ways of producing and consuming goods.

    How this blockchain company aligns with UN SDGs

    One company that is driving progress toward the UN’s SDGs is Dimitra, a leading blockchain-based enterprise system for AgTech. Dimitra leverages blockchain and other innovative technologies to provide productive and inclusive farming, empowering farmers to automate and streamline processes through actionable data-driven insights.

    With customers in 18 countries, including huge markets such as Brazil, India, and across Africa, Dimitra’s five market-leading platforms ensure farmers and businesses have access to the latest technologies to combat deforestation, increase yield, reduce costs and mitigate risks.

    Dimitra harnesses a wide range of technologies to aid the productivity of farmers across the world. Its leading Connected Farmer Platform offers a wide range of services including financing, insurance, registering, tracking the value chain of crops and data analysis. On top of this, Dimitra also has platforms focused on deforestation certification, livestock, and specific crops such as coffee.

    The integration of blockchain technology in agriculture has the potential to be the driving force to achieve multiple SDGs. Dimitra is dedicated to advancing all SDGs, explicitly focusing on what must be undertaken in agriculture to achieve these. By leveraging blockchain, progress can specifically be made toward SDG 1 (No Poverty) and SDG 2 (Zero Hunger) by improving transparency and traceability in the supply chain, ensuring fair compensation for farmers and efficient distribution of resources. Furthermore, SDG 3 (Good Health and Wellbeing) and SDG 6 (Clean Water and Sanitation) can be supported through safer and more sustainable farming practices. SDG 8 (Decent Work and Economic Growth) can benefit from increased market access and financial inclusion for farmers, while SDG 12 (Responsible Consumption and Production) and SDG 13 (Climate Action) can be addressed by promoting sustainable agricultural practices and reducing carbon footprints. Therefore, the intersection of blockchain and agriculture offers a powerful tool for advancing the UN SDGs and fostering positive change worldwide.

    Source: Dimitra

    Source: Dimitra

    Dimitra’s ethos ensures its initiatives contribute positively to better environmental, social and governance aims. The company does this by building a community of mission-driven organizations, leaders, agro-entrepreneurs and educators that will improve the lives of farmers, their families and communities around the world.

    Dimitra has been building a strong ecosystem of partners, governments, NGOs and stakeholders all working together to drive progress toward the UN SDGs and to create an environment where these SDGs can promote inclusive collaboration, community support and a better world for all.

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