Per guidance from the World Bank, IMF and the BIS, there’s an inexorable movement across global finance toward the adoption of CBDCs. The World Bank’s International Finance Corporation division also has thought leadership regarding digital finance.
Agriculture should thus exploit progressive technologies such as A.I. & Web3 protocols, not only to adapt to new economic realities, but to improve productivity, create a more resilient & inclusive global food system, enhance fiscal transparency, efficiency & ESG/sustainability. AI & blockchain/Web3 tech can best serve agriculture collectively by providing:
Blockchain for supply chain transparency & traceability.
AI for supply chain monitoring & anticipating trends.
Smart contracts across the food value chain.
CBDCs for seamless payments, benefiting growers lacking traditional financial infrastructure.
AI for Big Data-driven precision farming.
Blockchain tools for managing its resulting proprietary data.
AI for farmer credit scoring.
Decentralized Finance (DeFi) tethering processes & incentives.
AI enhancing food security & sustainability.
Blockchain for carbon credits & CBDC-linked collateral into better lending practices