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REVIEW: Meet SecureAgric – the Nigeria’s blockchain startup want to transform Africa’s agriculture value chains



DEGRP – Uganda

Agriculture remains a prominent sector in Africa and it poses heightening economic potentials. Asides from having the lowest cost of production in the world, the continent is regarded as a key center of agricultural production because of the availability of arable land. 

Even with a significant part of Africa being heavily dependent on agriculture, its full agricultural potential has remained untapped. Improvement in agricultural outcome is dependent on adequate use of arable land and improvement in productivity. 

Agricultural advancement drives economic growth which will be unachievable without notable investments in specific areas in the sector cutting across infrastructure, market, trade, electricity, and most importantly, technology.  

Secure Agric

Secure Agric is an agricultural value chain startup company that’s aimed at revolutionizing the African agricultural value chain by erecting a world-class supply chain on the blockchain network. 

Secure Agric aims to integrate the fragmented segments of the value chain and build a secured trust driven value chain based on blockchain technology. 

The agricultural sector is faced with a lot of challenges that have, over the years, served as a hindrance to attaining its full potential. Here are some of these challenges and how Secure Agric stands to address them. 

Inefficient supply chain- post harvest food loss

Supply chains, especially in developing countries are usually long and complex. According to estimates, losses in the supply chain accounts for about 30% of agricultural production, approximately 1.3 billion tonnes of food produced for human consumption does not make it to the consumer. Post-harvest food loss comes up along the value chain from harvest through to the point at which food is made available to consumers. Farmers are mostly accountable for the losses. 

While increasing agricultural productivity in Africa may serve to ease the demand for more food, lessening PHL is also needed to ensure that additional production is consumed rather than lost. Efforts made towards reducing PHL should be intensified so that more of the food produced actually makes it to the consumer. 

However, it is motivating to note that efforts to handle PHL are being executed by some market players proposing many interventions and technologies. One example of such is Secure Agric. The system aims to minimize food losses by ensuring food produced are traceable till they make it to the consumer, thereby increasing the value for farmers and their agro-products, limiting food wastage, and at the same time, bringing small scale farmers out of poverty by increasing their income and making food available to all. 

Market links and distribution network

The agricultural sector has the most fragmented supply chain, ample with intermediaries. The chain enables the involvement of multiple parties. Farmers are known for the distribution of their farm produce at a very cheap price while consumers purchase at a very elevated price. The intermediaries end up with more of the additional value. 

With blockchain technology, price transparency upon exchange of values is ensured. AgriKonnect, one of the diverse products of Secure Agric, is aimed towards connecting African farmers directly to domestic and international consumers of food. This would impact significantly on the income and lives of smallholder farmers simultaneously providing more non-farming job opportunities for the expanding urban population and also increase the stability and sustainability of the food supply in Africa.

Realizing the real boom in agricultural production

Secure Africa is working towards constructing a world-class agricultural supply chain based on the blockchain network. With their varieties of products and solutions cutting across their utility token AgriKoin, AgriKonnect, SmartAgrik, AgPay, and other interesting innovations, Secure Agric is set to create the perfect bridge that would lead to the realization of a full agricultural potential in Africa. 

Agrikonnect (supply chain automation and tracking)

AgriKonnect is aimed at simplifying the agro commodity trading by providing farmers access to the market without leveraging intermediaries/brokers. With aid from blockchain technology, the system enables end-to-end visibility of the agricultural supply chain which allows for a completely transparent and traceable supply chain. The system will enable buyers and sellers to interact in a blockchain-backed environment, thereby, guaranteeing protection on both sides. 

AgriKonnect allows every participant of the supply chain to automate data transfer and delivery processes from the point of production to the customers. The users would get a full picture of the products they are purchasing. An unchangeable blockchain record is taken as items move along the supply chain. 

Apart from these, the system also allows its users to connect in a peer-to-peer lending environment. Farmers with less funds would be able to get funds from their peers who may have a short term loan to give out.


AGPay is a payment platform that operates both on the traditional and peer-to-peer level (fiat and crypto payment platform). Secure Agric looks to digitize business-to-person (B2P) payments between agribusinesses and farmers as well as government-to-person (G2P) payments, between government and farmers in agriculture. This would serve as an entry point to financial inclusion for farmers while ensuring accountability and transparency. 

Agrikoin (secure agric’s utility token)

AgriKoin is a cryptocurrency that would be used across all Secure Agric platforms, as a means of receiving payments from customers. It would serve as a native transactional currency and would be used as a generally accepted means for value exchange.


AgriKard is a debit card for the utility token, AgriKoin. With this card, transactions can be made from anywhere. It is not limited to crypto transfers and payment alone, the card would also facilitate funds withdrawal in cash (fiat currency) as the card would be directly linked to users’ AgriKoin accounts as well as local currency accounts. 


AgriWallet is a crypto wallet and trading system that serves as a store of cryptocurrencies. It is also a trading environment where sending, receiving and trading of AgriKoin and other available cryptocurrencies can take place. 


SmartAgrik aims to furnish farmers with robust technologies for accelerating digital agriculture in Africa. The system would focus majorly on three most important technological aspects: Artificial Intelligence (AI), Internet Of Things (IoT), and drone technologies. 

Artificial Intelligence will assist in preventing the increasing rate of loss of food produce to pests and diseases. AI helps with the visualization and analytics of soil and crops for effortless identification of new and existing diseases and also make possible recommendations for solutions. 

IoT technology would impact significantly on agriculture in the aspect of evaluating agricultural data and making data-driven decisions. This is realized with smart technologies like automated machines, driverless cars, and connected devices. Drone technologies would replace labor-intensive and potentially harmful use of backpack sprayers and other similar negative health impact equipment. 

Digital technologies have become prominent for generating positive impacts on various segments of the community. Integrating it into the agricultural sector is yet another way of transforming Africa’s agricultural sector and bringing the continent to a new era in agriculture. 

The potential benefits of drones and other technology-based tools in solving various long-running agricultural problems cannot be ignored. Investing considerably on the right innovations and technologies is the key to advancing Africa’s agricultural sector. This will help in strengthening the resilience of African farmers and help the continent ward off mass starvation.

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Blockchain Technology

How blockchain can bridge the trust gap in governance



Governments and authority figures have existed throughout history to serve many purposes amongst which trust is central. In matters of social and economic concern, some form of trust and/or distrust has enabled people in all cultures across all times to transact and interact, to exchange value and advance cultural agenda. This is so important that our very concept of money is built on trust or value induced by trust.

However, for most of history up till now, authorities have wielded central power and that has always been an avenue for corruption, a lack of transparency which leads to wastage of resources and spirals down to a lack of trust by a populace in the authority over them. Evidently, this is paradoxical, the governments are to be trusted by virtue of the authority given to them but it’s this centralization that ends up upending it down the line.

Evidently, many people in many countries do not trust governments to do things the way they say they’d do them. The question is, what can a hypothetical government do about massive distrust from citizenry?

Enter the blockchain. As with many things, technology often has something to offer. The blockchain which underlies cryptocurrencies like most famously, Bitcoin, has been imbued with a certain peculiar philosophy; one of democratization. Although this is more of a mantra within crypto circles, it’s not difficult to see why. First is the blockchain’s nature; distributed ledger built on cryptography with certain features which make it functionally immutable. It’s most famous and defining uses have been with crypto but it could be so much more. A record keeping system for example, one that would be immutable and most importantly, transparent, open to all to see.

So, in the administration of nation states, blockchain technology has the ability to fit into a lot of places. The main idea is to be able to carve out trust from distrust i.e. the apparent reality of being watched and having all records secure is an incentive for governments to act transparently. In some use cases, governments (as well as private businesses of course) could leverage smart contracts, a task built into a blockchain that’s executed when the conditions specified are met. These systems in governance would undoubtedly improve transparency, cut down on corruption as well as its accompanying wastes and overall be more efficient.

So, will we see a trend where governments would like to use blockchain technology? Overall, this is for now unlikely. World governments, it would seem, do not understand blockchains very well and hence are apprehensive about them even to the point of banning the cryptocurrencies built on them. At the end of the day, the use of blockchain at the governmental level of any nation depends on the nation’s own unique set of problems and issues. All in all, the next few years will be interesting no doubt in this regard.

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Africa Blockchain Institute

Africa Blockchain Institute Organized The First African Blockchain Summer Bootcamp For Teenagers In Ghana



In the spirit of catching them young, the Africa Blockchain Institute organized the first-ever Blockchain Summer Bootcamp for teenagers (age range 13 to 19 years old). A successful Bootcamp, according to the participants’ testimonials and stakeholders, held at the OpenLabs, Ring Road, Accra Ghana, between Monday 2nd August, and Friday 6th August 2021. 

The teenagers applied from across Africa, and selected participants all converged at the OpenLabs, Ghana, for an intensive five days of learning, interacting, and implementing personal  Blockchain projects. The participants were divided into three significant tracks, thus; Blockchain Development, Blockchain for Creatives and Blockchain Entrepreneurship. 

Blockchain Summer Bootcamp for Teens by ABI
Blockchain Summer Bootcamp for Teens by Africa Blockchain Institute

Across these three tracks, the teenagers learnt introductory units to Blockchain Development for societal challenges, Blockchain evangelism, Non-Fungible Tokens, and how Cryptocurrency works. Another highlight of the program was the excursion to the Accra Digital Centre, where the Boot Campers were introduced to the tech ecosystem and feel of the Ghana Tech Lab and Accra Innovation Hub spaces. A visit was also made to the Museum of Science and Technology, and the teenagers got to understand the history of technology in Ghana. 

Worthy of mention was the panel session aimed at motivating the students to pursue a career in technology. While making his comments during the panel session, the founder of BankLess Africa, Mr. Muntala Mohammed Shaibu, urged the teenagers to stop seeing themselves as too young to experiment with new technologies. In her remarks, Ms. Elohor Thomas, CEO & Co-Founder of CodeLn, urged the teenagers to continue to explore their interest in technology and blockchain early.

Blockchain Summer Bootcamp for Teens by ABI
Panel Session, Blockchain Summer Bootcamp for Teens by ABI

The Bootcamp ended with personal project presentations from the Blockchain Development and the Blockchain for Creatives & Entrepreneurship tracks. Projects such as NFT blogposts, Blockchain product reviews and Blockchain for transport and logistics were presented. The best presentation won the OpenLabs scholarship for Robotics Course. Thanks to Dr Sujith Jayaprakash, the Director of OpenLabs, Ghana, for the offer of scholarship. In his closing remark, the Executive Director of the Africa Blockchain Institute, Mr. Kayode Babarinde, urged the teenagers to continue using the  skills and knowledge gained during Bootcamp to explore Blockchain-related solutions further. We also appreciate Mr. Ganzaro Omar, Chairman, AfroBlocks, for his supports, and fostering collaborations with the Ghanian Blockchain community.

The Africa Blockchain Institute will continue to hold future Blockchain Summer Bootcamp series in various African cities to drive Blockchain knowledge into innovators early enough. 

Oluwaseun David ADEPOJU

Head of Research,

Africa Blockchain Institute. 


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Artificial Intelligence

How AI Is Helping Fintechs Provide Intelligent And Better Financial Services



AI fintech services

We live in an era of data. In today’s world, data is the new gold. The quality of services now significantly depends on how much insight can be extracted from data to help in the creation of the services. For fintech organizations, building services that harness the power of data and artificial intelligence has now become necessary to ensure that the services are tailored to meet the needs of customers. Artificial intelligence is now being used in various ways to help fintech companies provide intelligent and improved services. Some of the major areas of AI application in fintech are discussed in this article.

Risk Assessment

From insurance companies to banks and other fintech institutions, assessing credit worthiness and estimating the level of risk associated with every transaction has become very crucial. Now, many fintech companies employ the use of AI in determining the credit profiles of clients which helps to minimize financial losses when customers fail to repay loans or meet other financial commitments. 

Predicting and preventing fraudulent transactions is another challenge that fintechs are using AI to solve. Using machine learning algorithms, fintech organizations are able to build more accurate fraud detection mechanisms to curb the activities of scammers. The advantage of using machine learning for fraud detection in financial systems is that the machine learning model can learn from the financial data by itself. Thus, it is able to uncover hidden patterns and make a more robust prediction compared to traditional fraud detection algorithms. AI-based fraud detection algorithms can also be used to verify insurance claims and flag fraudulent ones. 

Churn Prediction

Customer churn is an important Key Performance Index (KPI) for any organisation. Preventing customer churn is aimpoaaaustomers and improve customer engagement. Many fintechs across the world now use AI to increase customer retention by understanding customer behaviour and making data-driven decisions to retain the audience of customers.

Intelligent Customer Service

Customer service is an aspect of fintech that has been significantly transformed by AI. The use of AI in this area has drastically reduced the need for human customer care representatives and the cost associated with employing these representatives. With AI, more customers can be attended to more efficiently via chatbots, virtual assistants etc. 

Chatbots are, particularly, one of the most common uses of AI in fintech customer service. Chatbots are sophisticated conversational AI applications that can engage with customers, address complaints and basically fill in the gap of a human employee. Chatbots have now become faster and easier means for customers to fix issues they have while using fintech services.

The Future of Fintech With AI

The use of AI in financial technology extends beyond risk assessment, churn prediction and intelligent customer service. Areas like payment processing and sentiment analysis are also being transformed by AI. Organizations like MasterCard and Visa have been able to improve the quality of their services by leveraging AI to achieve this. Personalized banking and financial services will define the future of financial technology. Better experiences will be developed for each customer in a unique and personalized manner. This may be impossible without AI. The future of fintech is geared towards smarter and more intelligent services, with AI steering the wheel to this future.

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