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Can digital payment systems make agricultural exchanges fairer for farmers?



Dr. Kruakae Pothong & Dr. Alex Chung


In celebration of 15 March World Consumer Rights Day 2023, this week we take a look at how to better protect consumers in the digital world.


In the first of this series, we present a research paper from Scopium Expert Dr Kruakae Pothong: Can digital payment systems make agricultural exchanges fairer for farmers?


Can a digital payment system support fairer agricultural trade? Distributed Ledgers Technologies (DLTs) have been celebrated for their potential to facilitate trusted exchanges based on immutable records of transactions and automate payments. This paper examines the prospect of a DLT-powered payment system to address the power imbalance between small-scale farmers and wholesale buyers, affecting the value of farmers’ crops and cash flow. It shows that a DLT-powered payment system works best when it integrates local economic and legal infrastructures into its design.


Read more here:

Caricrop_ Can a digital payment system support fairer agricultura
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