One of the biggest obstacles to deploying an entrepreneurial supply chain for food “Out of Africa” is the lack of business awareness about African infrastructure. The blockchain awakens a new world of opportunity for Africa, where transactions can be transparently tied to land, people, and fair trade.
Tying transaction data to specific farming collectives and land makes it possible to assess financial risk in ways never possible before in Africa. The RainTrust Network is a new financial infrastructure for African agriculture integrating micro-financing to supply chain using its own blockchain platform designed to facilitate cross-border payments and extend banking and financial services to the unbanked.
On the RainTrust Network, micro-lenders can review loan requests from reputable farming collectives and award loans through the platform. Fiat and crypto can be loaned directly or offered as collateral. Funds are deployed to collectives in the fiat currency of their choice, including their local currency.
On the supply-chain side, food distributors and retailers can submit orders directly to reputable farming cooperatives for high-quality African foods and be assured that the farming collectives producing them are operating in compliance with sustainability and conservation standards defined by RainTrust and its partners.