Rapid urbanization that is happening today goes hand in hand with rapid increase in urban poverty and food insecurity. By 2020, the developing countries of Africa, Asia, and Latin America will be home to some 75% of urban dwellers and to eight out of nine anticipated mega-cities with populations in excess of 20 million.
To manage the agricultural supply chain products as they move, value chain participants need a secure, transparent, trustworthy platform and marketplace. Agro chain management build networks amongst key stakeholders and improves delivery, while reducing costs and inefficiencies.
VFarm believes that urban vertical farming is the solution to the major concerns above. The idea of building vertically-stacked farms on skyscrapers that produce crops twice as fast, while using 40% less power, having 80% less food waste, and using 99% less water than outdoor fields is definitely the way forward.
The vertical farming market was valued at USD 1.5 billion in 2016 and is expected to register a CAGR of 23.03% during the forecast period (2018-2023). Asia-Pacific is the biggest and the leading region in using vertical farming in present times, closely followed by Europe and North America. Though North America and Europe have most farms to use innovative technologies in the field of agriculture, Asia-Pacific region has many investors interested in exploring the vertical farming opportunities, with increasing concerns over food safety due to the constantly growing population in the region. Farmland shortage, population growth, and demand for pesticide residue free food are the main key drivers for the emergence of vertical farming.
VFarm system is a proven, research backed urban farming technology licensed by Agrosky Sdn. Bhd (ASSB), a vertical farming specialist. The system provides a DLT blockchain layer that creates an immutable record for each batch of produce as to enable verification of source, planting, packaging and distribution. This in turn enables ecosystem users to not only have total traceability of the produce on food safety but also drive social impact via informed choices on their purchases.
VFarm’s economic model is based upon Social Enterprise (SE) in line with The United Nations Sustainable Development Goal (SDG). SE are the future of development because it is able to solve some of the development problems that neither donors nor government have been able to solve. These are innovations that involve behaviour change and therefore need to harness all of the energy present at the Base of Population (BOP).
Empower population at BOP including women as urban farmers to be part of the urban farmer’s community.
VFarm believes that a community-driven ecosystem that fosters entrepreneurship, fuelled by high- quality content and rewards and hosted on a blockchain- based platform is the solution.
Though vertical farms can never be expected to replace traditional farms, it is likely that they will have to complement each other to meet the food demands of tomorrow. It is economically sensible, environmentally friendly, tech-savvy, and most importantly, health-sensitive. Vertical farming is not a fairy tale anymore, it is happening now!
Issue
The world population is moving to urban areas at an increasingly rapid pace and with it comes food shortages and water shortages, disease and income disparity. From 2020- 2025, dense urban cities worldwide will house more than 4.5 billion people and current agricultural practices can only provide for 30% of the required produce. Such rapid urbanization and the harsh reality of urban poverty require ad hoc strategies to ensure adequate food supply and distribution systems to address escalating levels of urban food insecurity. Besides the growing demand for food, there is a rapid increase of poverty, unemployment, hunger and malnutrition in the urban and peri-urban environment around the world. Within this reality, urban agriculture has become a key component of the survival strategies of poorer sections of the population while also providing a significant contribution to the urban fresh food supply chain. Urban agriculture is also a source of employment and income, and has the potential to improve the nutrition of disadvantaged urban residents.
Solution
There is a pressing and urgent need to provide these increased masses with sustainable food. The technology that provides an answer to this problem will be at the epicentre of a USD$317 billion agricultural revolution.
And the answer is a high-density vertical farming system capable of producing 360 times per square foot more produce than conventional farming and is capable of producing plants for food, cosmetics and medicine. The system also needs to be capable of quick deployment to any city in the world.
Ecosystem users can see the environmental (water usage, carbon footprint, nutrient use) impact and socio-economic inclusivity (impact of their purchase decisions). VFarm aims to revolutionize urban farming by licensing VFarm System module globally.
VFarm system can be applied for the planting, production and distribution of plants for the use on food, cosmetics and medical purposes.
VFarm fundament markets of Kuala Lumpur & London comes with the collaboration from it’s stakeholders for the use of stakeholder which owns A-List buildings in the golden triangle of Kuala Lumpur and Central London.
VFarm – “Penetrates the Urban Market”
With the combination of high demands of fresh produce and dearth of suitable urban farming land in the middle of an emerging urban cities like Kuala Lumpur, roofs are increasingly being seen as a plausible space for growing food and a proactive measure in building a sustainable future for cities. Indeed, an abundance of unused rooftop spaces prevails. The location of these rooftops can be carefully chosen for its strategic location, enabling direct tangible connections between farmers and consumers, as the crops will be delivered fresh in an unprecedented time. Besides the communal economic effect, converting rooftops into green roofs has become a rising trend in emerging urban areas around the world, that aims to “scale up” urban agriculture, as well as supplanting inorganic, lifeless roofs with vibrant greenery cityscapes and balance an otherwise bleak horizon of concrete and tar.
In a seamless agriculture production ecosystem, agriculture value chain participants need a secure, transparent, trustworthy platform and a democratic marketplace while the viability of urban agriculture is closely related to its contributions to the development of a sustainable and a resilient city that is socially inclusive, food secure, highly productive and environmentally healthy. A sustainable, secure and transparent agriculture practices are indeed one of the most imperative pillars for the survival of humanity.
With the spirit of human building as our principal guideline, VFarm was initiated to spur the growth of social economic equity through sustainable ideas and projects. By collaborating with relevant stakeholders and strategic technology partners in providing the elements needed (Technology, Construction, Blockchain, Internet of Things (IoT), Branding), we aspire to create a world class human capital growth through our social enterprise economic model.
VFarm recognizes that our economic module is to remain profitable. Without turning a profit, the business wouldn’t sustain and any potential impact would be severely hampered. Nevertheless, we have much bigger goals than revenue and profit, as making a positive impact is an imperative. Our founders are committed in combating social economic inequality by combining social responsibility with entrepreneurship to spur the growth of social economic equity. This has been proven through our economic module as it covers 14 of 17 UNDP Sustainable Development Goals related to agriculture.
System
VFarm System Components
The VFarm system consists of the following components:
VFarm Modular User Interface Engine
VFarm Application Layer
VFarm Token Management Layer
VFarm Agro Traceability Blockchain
VFarm Modular User Interface Engine
The VFarm User Interface Engine is where all interactions with users are performed, and designed for ease of use.
The engine allows VFarm to be used on many devices while maintaining a unique user experience for the platform. The platforms that have been used and planned are:
Cellular (iOS and Android)
Browser based
This strategy allows VFarm to be accessed by users on devices that meet their immediate needs and availability.
VFram the feature as well see the platfrom is can use in on other device , likes Mobile ( IOS and Android ) , and with browser , i think demand in future will be growing .
ICO DETAIL
The VFT TokenThe VFarm (VFT) utility token is fully ERC20 compliant and is available for swap with BTC and ETH. Base token price upon launch of crowdswap is set at USD$0.10
Token name : VFT
Total Supply : 375,000,000 VFT
Price of token : $ 0.10
Hardcap : $ 10, Million
Accept : ETH , BTC , XRP , LTC
Token Usage Any usage of tokens envisaged by this White Paper will only be used in exchange for the products or services on the VFarm platfrom (subject to availability at the discretion of VFarm) and no other function or rights shall be attached to the tokens.
Hardcap The Hardcap for the VFarm ICO is USD$10 million
Token Issuance VFarm (VFT) tokens will be issued immediately at the end of each stage of crowdswap.
Distribution Of Issued Tokens A total 375,000,000 VFARM (VFT) will be generated. All tokens held by founders, project team and advisory panelist will be reverse vested over 12 months with monthly vesting windows.
Unswapped tokens at the end of the ICO period will be placed under reserve for ecosystem operations.
Bonus A Pre-ICO stage will be conducted with a 30% bonus for a minimum swap of 10,000 tokens.
Usage DistributionOf the USD$ 10 million that is attributed to this ICO exercise, the following is the usage distribution:
40%: of contributions will used for construction of the VFarm System in Kuala Lumpur.
31.5%: will be used for the Agro Traceability Blockchain development.
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