Plugin Dapp - Cropyie
Farmers are encouraged to set up weather sensors if required and utilize Cropyie's supply chain for selling their products.
Consumers can purchase products directly from farmers with confidence in authenticity and track the product journey stored in blockchain.
Administrators have privileges to create compensation packages, onboard FPOs, validate KYCs, and maintain the application.
FPOs charge processing and conversion fees for purchasing policies on behalf of farmers and are responsible for settling compensation in fiat.
FPOs do preliminary investigations on crop loss, attach government reports on natural disasters, and facilitate the settlement of compensation to farmers.
Yes, community members can contribute to the Investment Pool and also purchase policies to participate in the Premium Pool rewards.
Community members can contact Cropyie toll-free numbers and email support for any concerns or inquiries.
Various product categories such as fruits, vegetables, flowers, etc., and different crop types can be covered based on location and term of the policy.
While specific parameters are used to calculate premiums, the formula for arriving at the premium amount and policy term will be decided later.
Cropyie utilizes blockchain technology to store product journeys, providing consumers and stakeholders with confidence in the authenticity of products.