Launching The First Blockchain Based Multi-Purpose Cooperative Society

Blockchain and Crypto Application to real world use cases has been our core vision as a start up, for a more inclusive and wider remote adoption of the technology and it’s benefits and working with smallholder farmers cooperatives to observe their challenges really bolstered our vision to create solutions for those challenges.

We had launched an MVP of the Nodes and Cooperatives Dashboard, part of the Farmchain Finance Defi Protocol for Agribusiness Lending in Q4, 2021 and we were thrilled to receive as much as 10+ small holder farmers Cooperatives and 60+ Nodes real users sign ups.

In the course of BUDL and consultations, we saw a need, and we are launching the first ever Blockchain Based Multi-Purpose Cooperative Society and membership is open to the general public at launch. We will still continue to partner and onboard other cooperatives and Nodes to the Farmchain Finance Defi Protocol for Defi Lending as the umbrella Cooperatives to realize our vision of onboarding the remotest small holder farmers Cooperatives and others in the food value chain ahead of launching a full scale DAO.

As a Multi-Purpose Cooperative Society, we will organize trainings for farmers with focus on modern urbanized farming skills and other relevant skills in the agri-food value chains and empower them with cooperative loans using the Defi Lending protocol, in addition to interest in real estates and other cooperative services and benefits only to registered members.

The requirements to be a registered member of the cooperative includes paying $10 in USDT/Busd BP20 to an official wallet address and a local bank accounts that will be made available to the public on our flyers and on the cooperative website.

Please enjoy your read and stay tuned for the next article on the benefits and requirements for intended members of the farmchain finance coop., including other updates on our development milestones.