LOADING
A major challenge facing farmers in Portland, Jamaica is dry weather, especially during the optimal growing season from April through August. During this five-month period Portland suffered from severe dry spells during the years 2014, 2015, 2018 and 2020. A second challenge is the damage to crops and land as well as loss of livestock due to tropical storms or hurricanes and the associated flooding. Portland farmers have suffered losses due to an active hurricane season numerous times and most recently in the years 2004, 2005, 2012 and 2020.
Loan management is a complex process that coordinates agreements among multiple stakeholders in such a way that each party benefits from the arrangement [2]. At the core of our work there is the Asset Token (ATK) which is a compliant ERC-20 token and used for all financial transactions in our proposed system. With this token in our private blockchain network [1], stakeholders can interact in a digital market. Our work includes a Non-Fungible Vehicle Token (VTK) and represents the physical vehicle. Users has access to the ownership of this NFT which prevents fraudulent transactions.
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