Indian Prime Minister Narendra Modi encourages use of blockchain and AI in agriculture
Prime Minister (PM) Narendra Modi has been actively motivating the youngsters of India to utilize and implement Blockchain technology and artificial intelligence (AI). He has talked about this in various events and shows.
PM Narendra Modi said during a convocation ceremony held recently at Sher-e-Kashmir University of Agricultural Sciences and Technology, Jammu, “India’s youth can lead a revolutionary movement using AI and blockchain technologies with a value addition.”
Almost 60% of the population in India depends on agriculture for earning a living in rural areas. But there are numerous problems that affect the agriculture adversely, namely problems such as, “the bad quality of seed, fertilizers, and medicines” being supplied to the farmers, which significantly causing low productions and very fewer profits.
“With blockchain technology, this problem can also be controlled. Through a real-time monitoring of the supply chain, the technology can bring in transparency in the agricultural trade — starting from the production process to making it available for the farmers as products can be examined at every stage.”
“This will have a complete network comprising farmers, processing units, regulatory authorities, and consumers. Because one affiliated to this chain can keep an eye on this, therefore, the scope of corruption will also be reduced. Most importantly, this will check the mischievous acts of the middlemen and the harvest will not go wasted,” PM Narendra Modi stated.
In some regions of the country farmers using utilizing drone technology for pest control. Also, in soil mapping and community pricing, the technology is used. Drone startups in the country are providing service to the agricultural industries.
By 2022 Modi government has set a target to double farmers income. Think-tank NITI Aayog has developed and formulated an action plan, “Doubling Farmers’ Income” by 2022 as envisioned by the prime minister, for which numerous new initiatives have been launched that comprises activities from seed to marketing.
PM has announced a four-point strategy, reducing cultivation costs, ensuring profitable prices, processing farm waste and creating non-farm sources of income. And he proposed plans to organize ‘hackathons’ in Indian Institutes of Technology for out-of-the-box ideas in agriculture.
By implementing this innovative technology like blockchain in agriculture, increases the transparency, accountability, traceability, and quality of the food considerably. Also, the food supply chain gets less complicated as the information communicated across the network which includes farmers, brokers, distributors, processors, retailers, regulators, and consumers gets simplified and transparent.
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