The World Bank predicts that desertification in Africa will accelerate. The resulting famine and declining economic conditions could lead to the mass migration of up to 60 million people to Europe by 2030, leading to regional geo-political instability.
The scale of the challenge is outlined in the African Union’s study, suggesting that another $200 billion USD is needed to make a real impact.
Africa has almost 1 billion people with a rich diversity of cultures, languages, and logistical problems for trade and government.
Africa’s small farms have the potential to contribute to a successful agricultural revolution, one that is employment intensive and pro-environment. By 2030, we believe it is possible to double the agricultural productivity and incomes of small-scale food producers, in particular women, indigenous peoples, family farmers, pastoralists and fishers.
Urgently needed is a shift from “unsustainable extensification” to what has become known as “sustainable intensification”. In order for “sustainable intensification” to happen in Africa, its small farmers need three things (1) new markets, (2) new skills, (3) finance to combine the new skills with the new markets. We see opportunities to leverage the blockchain meet these needs at scale.
Inspired by a few successful models and solutions, at the local level, the COMACO Foundation in Zambia located on 70,000 sq. kilometers representing 81 communities have developed and refined the concept of incentivizing all participants to produce food while protecting the environment and the elephants from poaching. In Nairobi the Evergreen Agriculture Partnership is helping small holder farmers to plant trees as a way to naturally help food production. We support and encourage partnerships like them.
RainTrust will leverage amazing relationships, pedagogical methods, and technology to evolve and scale the solution while maintaining a viable and healthy ecosystem which supports wildlife, forests and farmers. We are affiliated with and being advised by the organization that implemented this solution and will build upon their success in 36 African nations.
One of the biggest obstacles to deploying capital and food chains in Africa is the lack of business information about African enterprises. The blockchain creates a new world of opportunity for Africa, where transactions can be immutably and transparently tied to land and people.
Tying transaction data to specific tracts of land and farming collectives makes it possible to assess financial risk in ways never possible before in Africa. RainTrust is a new financial infrastructure for African agriculture that ranges from micro-financing to supply chain.