Skip to main content

Ethichub - Farmers and the Blockchain

Farmers work hard  and they bring the best agricultural product to the crowd. Their only motto is not to get rich but to serve people. But they have this problem! which stops them from doing farming. It makes them to move to different other jobs, what is it called? It's called debt!

Most farmers are struck with debt and no banks come forward to provide loans for them. How can the blockchain solve this problem??

'

Farmers need loans at less interest rate, some local lenders charge higher which makes them impossible to re-pay. How about the peer to peer money? Will that help? Yes of course it can help to solve this problem of funding.There needs to be a decentralized platform which can bridge the gap between farmers and money lenders.

This system has to 

1. Transparent Account
2. Low Interest Rate
3. Easy transaction

The blockchain company is called Ethichub and they are decentralized platform built on the etherium blockchain (erc20 platform)


At this age of ultra fast transaction of money, peer to peer payments are the best and you can get money within few hours. But the system to manage it  like a bank is provided by the blockchain. Lending money through the ERC platform is a great idea. Farmers will have the need for money often and this project ETHICHUB would help them quick. Borrowers do get benefit because there is consistent flow of money.

As an investor you can contribute to the loan in the tokens over the block chain. You must deposit the funds in ETX coins and its sent through the smart contract to the farmers account. There is an representative for the farmers and he can do the conversion with the exchange. This makes the transaction faster and also it helps to keep the interest rate lower and affordable. You can check out their links here 






Comments

Post a Comment

Popular posts from this blog

Resistance and Support Afl amibroker

After months of hardwork, I was able to find this  code, You can use it to find the Resistance and Support of any timeframe in Ambroker. This can be used in weekly timeframes to pick weekly stocks for short term trading.  These levels are also called as the demand and supply zones. I will update in another post about how to pick stocks for weekly timeframes using this amibroker formula. thanks for reading : ) thanks to original creator of this afl : ) _SECTION_BEGIN("Price"); SetChartOptions(0,chartShowArrows|chartShowDates); _N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) )); Plot( C, "Close", ParamColor("Color", colorDefault ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); #pragma nocache // Commentry output .... EnableTextOutput(False); AudioAlert = ParamToggle("Audio Alert", "On|Off"); ...
2 comments
Read more

Learn about crypto trading

crypto trading is super easy and when you know the tricks of trade, you keep on making profits. I was clueless about crypto currency trading initially and I found a course on udemy which gives you the exact blueprint for success. Most people think that crypto trading is too tough but if you focus on the basics and put extra effort, everything becomes easy Basics+ Extra effort = success initially I would keep on making losses and roam without a strategy but things are a bit easier. My focus is to make $30 each day from crypto and that's all I need. I am planning to make it $100 in the future, crypto trading is like golden goose and it keeps on laying eggs. most people want to buy 1 bitcoin and get rich overnight which never happens. Be systematic and focus on making $100 and call it a day. To become a doctor, you spend 5 years and a lot of money for your education. But for crypto trading,you want to become one overnight. If you want to learn about technical analy...
2 comments
Read more

Elliot wave theory is super easy

Here's what you have to do - Elliot wave theory simplified. I worked hard to find this stock pattern again and again. It repeats everyday , every week and every month. Traders and Investors can find this pattern after taking this course. The waves 1 to 5 are easy to plot and this is the right method. If you ask someone to plot the Elliot wave theory, each one have their own plan. But the course explains the one plan to make money each day. This is super easy to start and anyone with no prior knowledge can start today Does it require a year long practice? Sometimes yes and other times NO. It depends on the individual, some people learn in 2 months while for some others it can take 3 years. The idea is to help you analyze the charts and it's the long term plan. The best investment that you can make is in yourself.  You won't get this idea from any other books and after learning the course you will see the charts in a different way. Paper trade for success ! ...
6 comments
Read more