FarmShare is an idea for a decentralized platform for community-supported agriculture (CSA), which would utilize blockchain technology to tokenize shares, incentivize volunteers, optimize resource sharing and minimize food waste.
FarmShare is currently on hold and is not being actively developed.
Community-supported agriculture has been around for decades, and while CSAs are great for both farmers and food consumers, they could be so much better. By taking advantage of amazing new tools made possible by Ethereum and the blockchain, FarmShare takes CSAs into the 21st century while returning to three key principles at the root of the movement:
Community Fund Ownership
Turn CSA shares into equity and voting on community decisions
Collaborative Labor Relationships
Earn shares by volunteering on a farm, making deliveries, cooking for events and much more
Hyper-Local Food Economies
Exchange shares for food from a network of local producers
What is a
Blockchains are a remarkable new form of distributed database system, originally introduced as the underlying technology behind Bitcoin, the world's first peer-to-peer cryptocurrency. In the case of Bitcoin it works like a shared public ledger, containing a record of every transaction ever made. A blockchain is not stored on any central server, but rather a copy exists on every computer connected to the network, thus eliminating the need for a trusted third-party to process transactions.
The World Computer
Since Bitcoin there have been many projects that use blockchains for more than just cryptocurrencies. July of 2015 saw the launch of Ethereum, a general purpose computing platform with a built-in programming language, making it possible to build decentralized applications (DApps) that exist only on the blockchain. DApps rely on smart contracts, programs which define the internal logic and conditions required to carry out their tasks. Smart contracts are incorruptible, transparent and able to be combined to create complex systems often referred to as decentralized autonomous organizations (DAOs).
Why Use a Blockchain?
FarmShare would be built on the Ethereum platform for several reasons. It is a decentralized system, meaning it has no single point of failure and is not susceptible to the concentration of power in large corporations and factory farms. It eliminates unnecessary middlemen who take a percentage of the profits at every step along the supply chain. It also keeps a record of each transaction, allowing users to track the supply chain of a product from farm to table. And because every DApp on the network can interact with any other, it could one day be possible, for instance, to trade apples for excess solar energy.