Agrichainx is an enterprise-driven blockchain-based platform for the agriculture sector. The network seeks to allow farmers to trade their crops directly with retailers, hotel industries, consumers, supermarket chains, etc., without depending on the traditional multilevel distribution structure. Every farmer is registered on the platform using biometric verification and allotted a unique meta ID. Users can also preserve their crops using a brick-and-mortar cold storage and warehouse network. Agrichainx uses blockchain technology that aims to give a digital approach and the necessary industry knowledge to distribute to farmers and businesses.
According to the whitepaper, the Agrichainx ecosystem seeks to offer multiple features such as:
Agrichainx Operational Model aims to include:
AGX is the official token of Agrichainx's ecosystem. This is an ERC20 standard-based token, and the purpose is to simplify the financial operations on the Agrichainx platform. This digital token can be used to carry out transactions between participants, set up smart contracts for contract farming, check farmers' sign-up on the platform, rent warehouses and cold storage spaces, and more.
Agrichainx Wallet aims to be a secure, transparent, and simple digital way to transact. This digital purse seeks to make it simple to transact with counterparties.