Hyderabad: The ministry of electronics and IT, government of India, has sanctioned a competitive research grant of close to Rs 1 crore to Prof. Vijaya B. Marisetty and Dr Varsha Mamidi from the School of Management Studies, University of Hyderabad (UoH).
The grant will help develop a blockchain platform with a robo-advising facility for on-boarding of around 1 million farmers across India in the pilot phase. The platform enables farm producing organisations to engage with farming ecosystem players, including lenders, input suppliers and output customers.
Given that blockchain technology provides security, trust and transparency, more value chain benefits and more democratic distribution of wealth for farmers is expected from the project. The project will run for two years and is later expected to be scaled up as a pan-India platform.
Earlier, Prof. Marisetty and Dr Mamidi had received blockchain use case grants through the Institution of Eminence (IoE) for developing cold chain logistics platforms for the pharma industry with Dr Reddy's Laboratories as the industry partner.
