VFarm

Agricultural Social Company Using the Blockchain

The rapid urbanization that is happening now goes hand in hand with the rapid increase in urban poverty and food insecurity. By 2020, developing countries in Africa, Asia, and Latin America will be home to around 75% of the city’s population and eight of nine major cities which are estimated to have a population of more than 20 million.

To manage agricultural supply chain products as they move, value chain participants need a safe, transparent, trustworthy platform and market. Agro chain management builds networks among key stakeholders and improves delivery, while reducing costs and inefficiencies.

VFarm believes that urban vertical farming is the solution to the main problem above. The idea of building farms stacked vertically over skyscrapers that produce plants twice as fast, while using 40% less power, has 80% less food waste, and uses 99% less water than outdoor fields is definitely the way to front.

The vertical agricultural market was valued at USD 1.5 billion in 2016 and is expected to record a CAGR of 23.03% during the forecast period (2018-2023). Asia-Pacific is the largest and leading region in using vertical farming in the present, followed by Europe and North America. Although North America and Europe have a large proportion of livestock to use innovative technology in agriculture, the Asia-Pacific region has many investors who are interested in exploring opportunities for vertical farming, with increasing concerns about food security because of the population that continues to grow in the region. Lack of agricultural land, population growth, and demand for pesticide-free food are the main key drivers of the emergence of vertical agriculture.

Why VFarm

Urban agriculture provides a complementary strategy to reduce
urban poverty and food insecurity while at the same time addressing the
issue of urban environmental management. This plays an important role in
increasing urban food security especially for
poorer segments of the population. Urban agriculture contributes greatly to
local economic development and helps reduce poverty.
Environmentally, this contributes to the greening of the city and the
productive reuse of urban waste. The growing importance
of urban agriculture is increasingly recognized by
international organizations such as UN-Habitat and FAO (Food and Agriculture Organizations)
World). A study under the FAO project found that natural
resources per head of a growing population will continue
to decline into the future and crop growth potential will become
increasingly limited unless human inventions and technology
intervene

VFarm Economic Model

The VFarm economic model is based on a Social Company (SE) in line with the
United Nations Sustainable Development Goals (SDG). SE is the future of development because it is able to solve several development problems that cannot be resolved by donors or the government and therefore need to utilize all energy

The purpose of VFarm

The idea of building agriculture stacked vertically on skyscrapers that produces plants twice as fast, while using 40% less power, has 80% less food waste, and uses 99% less water than clear outdoor fields is a way out. VFarm aims to revolutionize urban agriculture by licensing the VFarm System module globally. The VFarm system can be applied for planting, food production, cosmetics and medical purposes.

Component

The four main components form the VFarm pillar. These four pillars support a strong foundation for efficient crop production and the ecosystem of utilizing strong VFT tokens. The four pillars consist of the following:

Application

For markets, verification, and user dashboards

Blockchain Agriculture

Planting Data and Transportation Data

Use of Tokens

For supply chains and analytical data access

Vertical Agriculture

Irrigation Smart and IoT sensors

City Food Market Infrastructure and Services

To achieve cost-effective food marketing, minimize postharvest losses, reduce health risks and ensure the stability of staple food supplies to cities, efficient market infrastructure such as assembly, wholesale and retail markets, storage facilities, as well as basic handling and transportation facilities and services, very important. Market infrastructure, facilities and services, equipped with new technologies, such as logistics and storage systems and cooled information that tracks inventory, must be planned at the regional, metropolitan, and urban levels.

These factors include:

Market failure;
Less developed urban food systems;
Absence of market transparency;
Lack of economies of scale along the distribution system; and
High transportation costs and high physical losses at all distribution levels

Tokens that are not exchanged at the end of the ICO period will be placed under the reserve for ecosystem operations:

40%: for BTC or ETH to fund development & operations
17%: will be saved as a reserve for ecosystem operations
15%: will be saved as a backup for future expansion
10%: will be held by the founder and members of the project team
5%: will be used for marketing
5%: will be held by our ICO advisor
3%: will be used for prizes during the ICO period
2.5%: will be held by the advisory panelist
2.5%: will be used in social accountability programs

The Pre-ICO Bonus Stage will be carried out with a 30% bonus to exchange a minimum of 10,000 tokens.

Usage Distribution
From the USD $ 10 million associated with this ICO exercise, here are the distribution uses:

40% of the contribution will be used for the construction of the VFarm System in Kuala Lumpur.
31.5% will be used for the development of Blockchain Agro Traceability.
11.5% will be used for the IoT R & D System.
8.5% will be used for R & D. Irrigation Systems
8.5% will be used for site rental fees.