EXPECTED IMPACT DATA-SMARTFARMHAND FARMHAND EXPECTED IMPACTOF OFTHE THE DATA-SMART Soil Information Fingerprint | Data-smart Farmhand Platform The expected impact of the Data-smart Farmhand (DSFH) platform starts with implementation of the first phase, the Soil Information Fingerprint (SIF) of minimal viable soil and first mile environmental data. But it is only one step of our efforts to harmonize a wholistic database for a more transparent and secure food system. Ultimately, the DFSH framework will connect a systemwide database product and inclusive ecosystem with seamless interoperability, inclusive governance and stakeholder access to a marketplace of technology. This will allow all stakeholders to be rewarded with double- and triple-bottom-line returns (returns on investment, environmentally sustainable returns and returns that ‘do good’) throughout the entire value chain. These returns will start with the implementation of the SIF and will multiply exponentially as the platform is built and scaled to include all parts of the food system. Further stakeholder engagement with DSFH platform is necessary to create data conformity across the entire value chain and to satisfy the mountain of needs from different users, and build token velocity for store-of-value. Importantly, extensive industry participation is necessary in order to identify the best food system metrics, how to scale the ecosystem as a community, and gain acceptance of this sustainable business model. 1. Tokenization of Food System Ecosystem: Value In, Value Out As a consequence, there are four ways a blockchain-based and tokenized DSFH with a SIF business model economically benefits producers directly, and all stakeholders indirectly: •
More profits for producers, because less (or zero) profit sharing with intermediaries. Broadly, the entire ecosystem is incentivized to achieve more nutritional, safe and affordable products for consumers, and with less compliance costs for the chain.
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Better and more useful technology (tools) to improve sales channel visualization and safety, reduce waste and loss, and receive transparent upstream feedback. To start, the SIF will mostly help the producers, but as we scale the DSFH platform, other tools connected to the SIF will be built that bring the same type of value to other chain stakeholders.
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Producers compensated for data (token), data ownership which incentivizes them to use more services -- more often -- and to input quality data into the system. This will be true for any stakeholder that generates data using the DSFH token.
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Store-of-value of token – there is a finite number of tokens, so the model incentivizes users to promote the value of the ecosystem to others to generate velocity across the entire DSFH platform. More usage, means more demand for the tokens, which in turn
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