HarvestReward
HarvestReward is a blockchain platform that enhances agriculture by enabling transparent supply chains, automating contracts, offering DeFi for farmers, and tokenizing assets and data—boosting efficiency, traceability, and market access for farmers and agribusinesses globally.
Project Description
HarvestReward is a decentralized platform built on Hedera Hashgraph to digitize and optimize the agricultural supply chain. It enables farmers, cooperatives, buyers, and regulators to securely share information, track goods, and automate financial transactions, improving transparency and efficiency from farm to table.
By leveraging smart contracts, HarvestReward automates agreements between stakeholders, ensuring seamless payments, delivery, and logistics without intermediaries. It integrates Worldcoin’s decentralized identity (DID), allowing smallholder farmers to create secure digital identities, improving access to financial services and markets.
The platform offers DeFi tools, enabling farmers to secure microloans and insurance using tokenized assets, such as future crop yields. It also incorporates IoT devices to collect real-time farm data, helping stakeholders make informed decisions.
How it's Made
HarvestReward is built using Hedera Hashgraph, leveraging its high throughput, low-cost, and eco-friendly consensus for secure, real-time tracking of agricultural products. Smart contracts are developed in Solidity for automation, while Worldcoin provides decentralized identity verification to ensure trust and inclusion for farmers. IoT devices collect real-time farm data, which is integrated into the blockchain through oracles like Chainlink, and tokenized assets are used for DeFi services, enabling loans, insurance, and payments. Hedera’s carbon-negative infrastructure also supports tokenizing sustainability efforts, such as carbon credits.
