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Jump Networks Launches Rural Organic Farming Initiative Using TORUS

Posted On: 2019-06-25 20:03:41

Jump Networks Ltd's rural organic farming initiative has been launched today. This initiative will give the farmers in Konkan region direct access to upmarket customers in India who will pay the right price for some incredible produce straight from the farms, using our proprietary blockchain technology layer.

The initiative, a sub-set of the 'Chanda Te Banda' scheme of the Government of Maharashtra, guarantees farmers with an offtake of all the qualified produce they generate at a fixed net profit per egg or litre of milk. This protects them from the vagaries of the farming & distribution process which is notorious for exploitation by middlemen.

Further, adding on our proprietary technology layer i.e. blockchain, all farmers will have full KYC, payments made directly to their verified bank accounts and every step of the agri process stored & authenticated securely nodes in our owned data centres providing a completely private, secure and distributed network.

The launch event was held at Talavade, Sindhudurg and Hon. Minister Deepak Kesarkar (Minister of Home, Planning & Finance and Guardian Minister of Sindhudurg) announced the overall Government scheme and spoke of the progressive steps Jump Networks Limited has taken in this area. The company's Head of Maharashtra Operations, Mr Mansingh Pawar also shared his vision about making this a revolutionary new farming initiative, especially empowering women of the region towards economic and financial independence. The event was attended in large numbers and on day one itself, d ose to 800 farmers have registered to partake in this initiative.

With this first initiative, the company aims to take 'AgriTech' to the remotest parts of the country and help part of the 'next billion' users cross the digital divide with the hope of enriching their lives.


Source: Equity Bulls

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