WHITE PAPER FOR FARMKOIN
1. Introduction. Agriculture holds a big potential in Africa’s better future, with the industry projected to hit and exceed 1 Trillion USD in trade volume by 2030 . This projection holds true as long as humans will have to feed and depend on the agricultural sector for its raw materials. With Africa in the race to double its population in the next 25 years towards a whopping 2.5 Billion Beautiful people, it is also the youngest continent with increasing youth population and versatile minds. Innovation in Africa’s agriculture is definitely yet untapped. Holding over 65 percent of the world’s arable land and 16 percent of Africa’s total land is arable, which is the largest share on earth, indicates that Africa holds Billions of Dollars in investments opportunities in the agricultural sector.

2. The world’s top five agribusinesses have a combined turnover of $285 Billion USD, we live daily on food and run on materials coming from the agricultural sector, yet the industry receives less attention than it actually deserves. For instance, in 2019 Africa’s biggest economy, Nigeria, had only 5.4% of the total capital raised go into agriculture, while Agritech was able to raise the least capital at just 2% or total capital raised . The fundamental need of all living creature is food and the 5 Trillion US Dollar global industry holds a big contribution to the world peace and tranquility. Africa’s emigration can be curtailed through agriculture and food just as climate change and water challenges can be overcome through climate smart agriculture and precision farming. The world can also feed its fast paced population through diverse modern farming methodologies and technologies that improve yield and productivity while reducing risks and stress associated with the agricultural sector. Imagine the power of combining the world’s biggest industries such as fintech (22.5 Trillion USD), e-Commerce (9 Trillion USD), Real Estate (9.6 Trillion USD) food and Information Technology (5 Trillion USD each) together in one agricultural fintech solution, riding on the power of Blockchain Technology. That will be the turnaround for the agricultural Sector in Africa.