Bohicon, Benin – Peeter Viisimaa / iStock

Photo: iStock / Peeter Viisimaa

This Digital Ledger Helps Small Farmers Get a Fair Deal

– Fast Company

In this feature article, Ben Paynter of Fast Company profiles BanQu, one of their 2019 World Changing Ideas award-winners in the Developing World Technology category

BanQu runs on the decentralized ledger technology blockchain. It allows farmers to verify their identities and supplies and keep a record of their transactions. It also allows buyers to keep track of supply chains in a more secure, verifiable method than traditional middlemen.

Paynter reviews the difference the BanQu technology has made in Zambia, as well highlighting how the technology has been used in other sectors and countries. As he notes:

Helping those people prove and maintain their value not only stabilizes communities but creates the sort of stable markets that encourage more investment

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