FarmTrek is Now Available in Google Play Store
FarmTrek is now LIVE!
In keeping with the roadmap laid out in the Whitepaper, InfoCorp Technologies has reached another key milestone in its history with the FarmTrek application available in Google Play Store from 28 December 2018. The initial version of FarmTrek will only be limited and accessible by pre-registered livestock owners in Myanmar. We will work hard to aim for the launch of Sentinel Chain for Q1 2019 in line with the road map.
FarmTrek, developed by InfoCorp Technologies, is the world’s first solution for livestock-backed insurance and financing using private, permission-based blockchain to tag and track livestock ownership.
The solution is designed as an in-country network for companies and government agencies involved in livestock-related activities, and livestock owners. FarmTrek reduces fraud by maximising data integrity from end-to-end, for the primary aim of solving unbanked farmers’ asset ownership problem. Through the use of physical tamper-proof tracking device, attestation process and digitally immutable data storage, our solution addresses issues of:
• Identity fraud.
• Asset ownership fraud.
• Data security risk.
• Credit assessment risk.
• Livestock insurance moral hazard.
• Livestock tracking and traceability.
While FarmTrek is designed for in-country purpose only, Sentinel Chain is designed as a cross-border marketplace for livestock-backed financial services. Together, both solutions create a hub-and-spoke model in addressing the global financial inclusion problem. The success of Sentinel Chain will depend on the ability of deploying FarmTrek network into more markets in the future. The team has worked hard in engaging new markets and we shall be providing more updates in 2019.
Sentinel Chain is a blockchain-based international marketplace for cross-border financial services and the world’s first platform to accept the use of livestock as collateral. Taking a unique approach to the last mile problem of financial inclusion, the Sentinel Chain model establishes livestock provenance through the creation of livestock insurance on blockchain — the registration of livestock provenance on blockchain provides the unbanked with a new opportunity: the real possibility of accepting livestock as ‘collateral’ for loans. Sentinel Chain is a project by InfoCorp Technologies.
Website (InfoCorp): https://infocorp.io
Website (InfoCorp) (Spanish): https://infocorp.io/es/
Medium (Chinese): https://medium.com/sentinelchain-cn