Ripple and Mercy Corps have launched a blockchain pilot to support Colombian farmers through the 'Unlocking Opportunity' program.
The pilot focuses on using blockchain technology to track farm-to-table food, combat fraud, and enhance sustainability in Colombia's agriculture sector.
This initiative includes 46% female farmers and aims to improve agreements and retailer trust, enabling farmers to earn more and become financially included.
The project utilizes the XRP Ledger to provide traceability, facilitate financial transactions, and offer a 'Farm Now, Pay Later' plan to enhance farmer productivity.