any third parties. This is achieved by creating a public and decentralised blockchain and crypto token to create access to our ecosystem. But since the jury is still out on the blueprint to create this token and the regulatory framework to standardise how we use these systems, as well as the need to scale and connect platform interoperability, we are advocating the development of the internal open-sourced and decentralised ledger technology (DLT) structure of our platform while, we listen, process and learn the best way forward in terms of the tokenomics and public token implementation. How wisely and holistically we integrate the innovation of blockchain throughout the food system ecosystem will have a long-term bearing on how well we feed the world in the decades ahead. It is clear that to feed a global population of eight billion people in 2021 a healthy and sustainable diet, and one billion more people expected by 2030, the agrifood industry needs to consider many key parts of the food system, but certainly, (1) people, (2) data sovereignty (i.e., equity), and (3) transparency should be the focus (United Nations, 2015). Benefits Part One: People Subsequently, meeting these challenges requires committed and sustainable use of resources, talent, and collaboration among all citizens. Incentivising real people to share knowledge and information with a mechanism for compensating those who generate impactful engagement. At the moment, intermediaries across the supply chain have the power to shape this exchange of information. However, the ability of intermediaries to stay relevant in the adoption strategy of new technology will be critical in leveraging their diminishing position of power as trusted agents (Edelman, 2014). Potentially, the greatest promise for integrating blockchain is in the opportunity to transform the broadly defined food system with inclusive human-centric ecosystem governance. This opportunity to share knowledge and information expands beyond typical supply chain traceability activities to include any direct or indirect stakeholder with relation to the way that food is grown, processed, shipped, handled, sold, researched, and eaten. This is consequential, as we consider how to transform into a more sustainable circular economy (and away from siloed intermediation), which in the next twenty years could bring about the most profound achievements in the farm-to-mouth value chain. Namely, blockchainbacked solutions that result in delivering more nutritional products, reducing food loss and waste, and improving people’s environmental footprint (Figure 12).
DatasmartFarmhand.com
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