Join Our Mailing List
Thursday February 09, 2023
Bitcoin (BTC) $22,726.09   Ethereum (ETH) $1,634.55
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Blockchain Technology

IBM Research, Hello Tractor Pilot Agriculture Digital Wallet based on AI and Blockchain

Published by CryptoNinjas.net
12/11/2018
IBM Research, Hello Tractor Pilot Agriculture Digital Wallet based on AI and Blockchain

Using machine learning and the IoT, tractor fleet owners will be able to view and manage fleet utilization and predictive maintenance as well as forecast future tractor utilizations based on history, real-time weather and remote sensing satellite data.

The project was announced at TechCrunch Battlefield in Lagos, Nigeria.

In sub-Saharan Africa, more than 60 percent of crops are managed manually, with less than 20 percent managed by tractors and other machinery, an unsustainable model as food demand increases due to population growth averaging 11 million per year. In addition, up to 50 percent of farmers suffer post-harvest losses annually due to poor planting practices.

This was the motivation behind startup Hello Tractor, a mobile platform that enables farmers to access tractor services on demand. Using a mobile app, the service aggregates tractor service requests and pairs them with recommended tractors and operators, while simultaneously tracking how many hours each piece of equipment is in the field and area serviced.

The blockchain keeps a trusted ledger to help determine credit risk.

Hello Tractor partners with companies like John Deere to increase mechanization access in small farming communities and plans to add additional services including predictive fleet utilization and maintenance; operator and tractor scoring; financing; and crop yield forecasting. This is where IBM Research – Africa comes in.

Scientists at our lab in Kenya are working with Hello Tractor’s developers to apply several technologies including the Watson Decision Platform for Agriculture, blockchain, the Internet of Things (IoT) and IBM Cloud, to the app.

The magic behind the idea is what we call an agriculture digital wallet, a blockchain-enabled and AI-based decision support platform that enables capturing, tracking, and instant sharing of data, while creating end-to-end trust and transparency for all the parties involved across the agribusiness value chain.

More specifically, the pilot will address a broad cross-section of the agriculture industry:

  • Farmers: Machine learning will help farmers predict crop yields. The data, combined with advanced analytics and blockchain, can be mined to develop a credit score for loans by predicting the value of a harvest. Forecasted weather data from The Weather Company (an IBM business), remote sensing data (e.g., satellite) and IoT data from tractors will also be incorporated into the app to help small farmers know when to cultivate, the quality of their farm cultivation, what to plant, and what fertilizer to use. In the future, IBM AgroPad technology, developed at our lab in Brazil, could also be incorporated to determine soil quality.
  • Tractor Fleet Owners: Using machine learning and the IoT, fleet owners will be able to view and manage fleet utilization and predictive maintenance as well as forecast future tractor utilizations based on history, real-time weather data, and remote sensing satellite data. Using a five-star rating system, tractor operators will be ranked and utilized based on their training (e.g., plowing, deep ripping, harrowing, fertilizing). Owners will also have financing opportunities for maintenance and for buying new tractors and implements based on historical data.
  • Tractor Dealers: Dealers can benefit from improved tractor repair and servicing, after-sales support, spare part inventory planning and credit administration.
  • Banks and Financial Institutions: Banks and financial institutions can view and track utilization of tractors to determine a credit portfolio for farmers and tractor owners, while also evaluating forecasted utilization to make credit decisions for tractor owners based on verified and trusted data on the blockchain.
  • Governments: Governments can utilize data and actionable insights for various decision support capabilities including structuring incentives, enforcing regulations, prioritizing investments and making policy decisions.

Our vision is to leverage AI, blockchain and the IoT to digitize, optimize and streamline agricultural business processes, creating efficiencies and new services from farm to fork around the world. More specifically, the blockchain will provide a tamper-proof definition of demand-side and supply-side workflows from tractor request to fulfillment, payment for services, and distribution of proceeds, authorized access to services and documents within the workflow, logging of all workflow-related approvals including booking, invoicing, etc.).

For the next phase of the project, IBM researchers and Hello Tractor engineers are looking to use machine learning with image recognition to predict the quality of cultivation. For example, remote sensing data combined with weather data could be used to predict the next harvest.  Plans are also underway to expand the platform beyond Nigeria to Kenya, Mozambique, Senegal, Tanzania, Pakistan and Bangladesh.

The new services will be tested in a pilot starting in the first half of 2019.

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

Blocknative, a real-time Ethereum (ETH) infrastructure platform, has newly introduced features including transaction bundle send, cancellation, and replacement support for the Blocknative Builder. Searchers can now submit MEV bundles privately to the Blocknative Builder...

Read more

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Eventus, a provider of multi-asset class trade surveillance and market risk solutions, announced today that cryptocurrency derivatives exchange Deribit has chosen the firm’s Validus platform to provide market abuse monitoring on the exchange. Headquartered...

Read more

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Gemini, the popular bitcoin & crypto exchange company, today announced the launch of electronic over-the-counter trading (eOTC), an automated crypto trading solution designed for institutions. The Gemini eOTC solution offers a variety of advantages...

Read more

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

GenTwo Digital, the crypto-asset securitization platform based out of Crypto Valley in Zug, Switzerland, today announced a partnership with Coinbase, the publicly-listed cryptocurrency platform. This new partnership for GenTwo Digital allows all Coinbase crypto...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
Bluzelle Launches Layer One Chain to Drive Gaming Adoption for Cosmos

Bluzelle Launches Layer One Chain to Drive Gaming Adoption for Cosmos

02/06/2023
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy