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How Blockchain Tech Can Help Congolese Farmers

Eastern Congo Initiative and BanQu are proud to announce an innovative pilot program to fundamentally improve the lives of farmers in the Democratic Republic of Congo (DRC).

Currently in the DRC, most farmers have no access to banking services, no reliable information about their productivity and harvests, no access to reliable and trackable economic information, and no possibility of attaining a loan or even basic credit. A massive knowledge gap exists – to the extreme detriment of the Congolese farmer.

To address this problem, ECI and BanQu will implement a data safety net for farmers on the blockchain – a decentralized network of secure data storage. Using BanQu’s blockchain-based network and app, farmers will be able to maintain a stable economic identify, track purchases and get essential information on farming conditions and opportunities. This partnership represents a massive step forward in the way farmers in Congo work.

Thanks to BanQu and ECI, with support from SHIFT Social Impact Solutions, farmers in eastern Congo will be able to access data to document and drive their work. Reliable, secure information illuminates deficiencies in value chains. ECI and BanQu are proud to ensure that light remains in Congo for years to come. 

Posted Jun 2, 2017   •   Categories: Economic Development, Featured

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