HashCash Consultants to support agricultural producers in Kenya

07 December 2018 Consultancy.africa 2 min. read
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As Kenya’s agricultural sector gains momentum, a Sillicon Valley consultancy by the name of HashCash Consultants has demonstrated an interest in partnering with some of the up and coming agricultural developers, specifically on projects that involve an advanced degree of technological integration.

East Africa is one of the most lucrative markets for investment in Africa, and Kenya plays a large part in maintaining this status. As one of the largest and most diversified economies on the continent, the country has recently emerged as a central provider of sorts for agricultural produce.

Agriculture makes up 25% of the GDP on the continent, in addition to constituting nearly 20% of the total employment levels in the country. Nevertheless, growth in the sector has been far from smooth in recent times, particularly as the country sees a large amount of its produce lost due to inefficiencies in the system.

HashCash Consultants to support agricultural producers in Kenya

California-based HashCash Consultants has recognised that blockchain technology is the ideal solution in this scenario. A decentralised data management system will allow the amount and the quality of the total produce to be recorded accurately in real time, thereby making the entire process more transparent and efficient.

The consulting firm was conceptualised primarily to support with blockchain services, and has worked with a number of firms across the globe with large-scale and complex supply chains. The firm leverages an original blokchain network by the name of HC NET, which  is used by financial institutions across the globe.

HC NET can be used to simplify retail remittances, corporate payments, trade finance and payment processing. Not only will the firm leverage this advanced platform to support agricultural firms in Kenya with operational optimisation, it will also help clients with raising funds.

Venture capitalists are conventionally hesitant to invest in the agricultural sector, HashCash Consultants will leverage its ICOs to help raise investment without necessarily surrendering large stakes in their company or any share of the ownership.