Dimitra & Ocean Protocol look to help small farmers generate more revenue by selling their data
Small farmers will soon have a way to increase their bottom lines if they’re willing to share data on their farming methods. Dimitra, the AI-driven AgriTech platform provider, is providing users with the opportunity to monetize their datasets by selling them to other community members and researchers through a partnership with the Ocean Protocol.
Dimitra believes its community of smallholders farmers has a lot to offer. The company’s platform generates huge amounts of data on a wide range of specifics that can affect farmers. The idea with its platform is that farmers can use it to keep tracking of things such as the seeds they use, the soil conditions, rainfall, weather, and more. Then, Dimitra’s AI algorithms get to work, providing constant recommendations to help farmers generate higher yields based on the situation at their farm and the tools they have to work with.
It works equally well for livestock farmers too. Each cow, for example, can be fitted with a sensor that tracks when and how much the animal eats, the vaccinations it has, how much it drinks, and more. Once again, the idea is to help farmers keep their animals healthy while fattening them up so they can earn greater revenues from their activities.
Dimitra’s platform also provides access to decentralized finance, so small farmers who cannot or do not want to approach the bank, can still access financial services.
Ocean Protocol has created a decentralized marketplace that Dimitra’s farmers will be able to use to curate and sell their datasets, effectively generating a secondary revenue stream. The partners believe there will be a lot of demand for agricultural data, which can aid other farmers and also scientific research efforts.
Dimitra Chief Executive Jon Trask said data regarding things such as crop conditions, soil conditions, and animal health can be extremely valuable, helping other farmers to boost crop yields while reducing costs and mitigating the risks of things such as climate change.
The partnership will also help Dimitra to achieve its ambitious goals. The company is aiming to grow its community of smallholder farmers to 100 million by the end of 2025. To do that, the company is looking to secure operational grants for small farmers in developing countries around the world, in order to enable them to participate in its ecosystem. Anything Dimitra can do to boost its users’ crop and livestock yields will make its offering a much more attractive proposition.
Founded in 2019, Dimitra applies advanced technology including AI and machine learning to provide actionable data so farmers and governments can enrich economies through increased crop yields and healthier livestock. The Dimitra agriculture platform incorporates inputs from mobile apps, sensors, satellites, and DNA tests. Machine learning is then applied to transform complex data into practical and actionable recommendations so farmers can increase yield, reduce cost, and mitigate risk.