Chitta
Financial Services - Chennai, Tamil Nadu, India
Chitta Employees
Chitta Details
Chitta let's agri-professionals automate many labor intensive processes. Using satellites, it continuously monitors field activity and therefore give agents the insights they need, at any time. Even better, tokenization of this globally verifiable data can give exciting new possibilities to earn, hedge, insure or synthesize crops on a public blockchain. But most importantly, it can make assets liquid, so pricing of commodities become more stable and predictable. Currently, food commodities are some of the most volatile and regionally dispersed assets available.Tokenization is an important step to create more efficient agri-chains, and accelerate many existing digital innovations. A challenge is to convince everybody that farmers should be an intricate part of those markets, and bare the fruits of increased efficiencies. We believe that farmers are specifically suited to front-run the decentralization of the agri-chain. Simply because they can operate transparently and there is a low-cost solution for accountability, e.g. using remote-sensing. Chitta focuses on providing a fair early-stage distribution of ownership. Everybody is able to interact with the tokens, and there is no need to use any Chitta platform, once a membership fee has been paid. Even more, we plan to open-source our algorithm, once there is enough legal clarity, so others are able to verify our predictions, and strengthen the network.
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