Ocean Protocol Teams Up with Dimitra: 100M Small Farmers to Benefit from Data Sharing, Monetization

Ocean Protocol, the “decentralized” data exchange protocol for unlocking data for AI and business innovation, has entered into a partnership with Dimitra, an agricultural technology firm guided by the goal to provide tech to help farmers across the globe with enhancing  operations while delivering greater yields.

Dimitra’s agricultural software platform leverages the latest technology to offer farmers with actionable data, and its current adoption is “targeted at 100 million smallholder farmers by the end of 2025.”

Addressing the vital need for insightful data to further the growth of the agricultural ecosystem, the aim of this partnership is “to mitigate operational and financial problems and deliver relevant, valuable data-driven information to farmers globally.”

As part of the collaboration, Ocean’s Web3 capabilities will be “employed to enable data sharing and monetization for small farmers around the world.”

The organizations will work cooperatively in order to achieve this by “introducing Ocean Market to Dimitra ecosystem members and onboarding them.”

Ocean Market is described as an “out-of-the-box, privacy-preserving, intuitive decentralized data marketplace for the secure sharing and monetization of data.”

By publishing, curating and selling their data in the Ocean Market, small farmers can add an extra layer of revenue to their operations, and the global agricultural ecosystem “will benefit from the exchange of vital agricultural datasets that can be used for research to grow the entire industry.”

In order to enable greater food security internationally and increase productivity, Dimitra’s goal is to “place technology in the hands of millions of small farmers around the world.”

With the help of Dimitra’s software platform, smallholder farmers are “empowered to record their farming activities, receive reports and recommendations allowing them to make informed decisions to increase yield, reduce cost and mitigate risk.”

As of 2021, Dimitra’s additional objectives “include advancing AgTech innovation and securing operational grants for developing countries around the world to facilitate participation in the Dimitra Ecosystem.”

Bruce Pon, Ocean Protocol Co-Founder, stated:

“Actionable data will be a game-changer for current farming methods. Ocean Protocol is joining forces with Dimitra to scale-up Ocean Market adoption and significantly contribute towards growing the global agricultural economy and ensure food security.”

Jon Trask, Dimitra CEO, remarked:

“Farmers and cooperatives in the Dimitra ecosystem produce a great deal of valuable data regarding soil conditions, crop conditions, animal health, seed performance and the extended food chain. This partnership provides Dimitra ecosystem farmers with a secondary source of revenue through the monetization of their data, and reinforces the value of agricultural digitization to increase crop yields, reduce costs and mitigate risks to their farms.”

As covered, Ocean Protocol is a decentralized data exchange platform “spearheading the movement to unlock a new Data Economy, break down data silos, and open access to quality data.”

Ocean’s intuitive marketplace technology “allows data to be published, discovered, and consumed in a secure,privacy-preserving manner.”

By giving power back to data owners, Ocean “resolves the tradeoff between using private data and its public exposure.”

As noted in a release, Dimitra’s mission is to “place technology in the hands of millions of small farmers around the world.”

By doing so, Dimitra aims to “enhance productivity and therefore the lives of farmers, improve food safety, and enable greater food security globally.”

Dimitra’s target is to “grow its AgTech platform to 100 million smallholder farmer users over the next four years.”

In 2021 it has set itself two additional objectives. One is to “advance AgTech innovation and the other is to secure operational grants for developing countries around the world to enable participation in the Dimitra ecosystem.”

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