VFarm

VFarm

Proven and supported urban research technology is licensed by Agrosky Sdn. Bhd. (ASSB),

VFarm is a proven, research-supported urban agricultural technology licensed by Agrosky Sdn. Bhd. (ASSB), vertical agriculture specialist. This system provides a DLT blockchain layer that creates unchanged records for each batch of production allowing source verification, planting, packaging and distribution. This in turn allows ecosystem users not only to have total product traceability on food security but also to encourage social impact through a choice of information about their purchases.

VFarm believes that urban vertical farming is the solution to the main problem above. The idea of building farms stacked vertically on skyscrapers that produce plants twice as fast, while using 40% less power, has 80% less food waste, and uses 99% less water than outdoor fields is definitely a way to progress.

The vertical agricultural market was valued at USD 1.5 billion in 2016 and is expected to record a CAGR of 23.03% during the forecast period (2018-2023). Asia-Pacific is the largest and leading region in using vertical farming in the present, followed by Europe and North America. Although North America and Europe have a large proportion of livestock to use innovative technology in agriculture, the Asia-Pacific region has many investors who are interested in exploring opportunities for vertical agriculture, with increasing concerns about food security because of the growing population in the region. Lack of agricultural land, population growth, and demand for pesticide-free food are the main drivers of the emergence of vertical agriculture.

The VFarm system is:

Proven and supported urban research technology is licensed by Agrosky Sdn. Bhd. (ASSB), vertical agriculture specialist. This system provides a layer of the DLT blockchain that records unchanged for each batch of production that allows source verification, planting, packaging and distribution.

This in turn allows ecosystem users not only to have total product traceability on food security but also to encourage social impact through a choice of information about their purchases.

The VFarm economic model is based on a Social Company (SE) in line with the United Nations Sustainable Development Goals (SDG). SE is the future of development because it is able to solve several development problems that cannot be resolved by donors or the government. This is innovation that involves behavior change and therefore needs to utilize all energy in the Base of Population (BOP).

VFarm believes that community-based ecosystems that encourage entrepreneurship, driven by high-quality content and awards and hosted on blockchain-based platforms are the solution. Although vertical farming can never be expected to replace traditional agriculture, it is possible that they must complement each other to meet future food demands.

This makes economic sense, is environmentally friendly, understands technology, and, most importantly, is sensitive to health. Vertical farming is no longer a fairy tale, now it has happened!

The purpose of VFarm

The idea of building agriculture stacked vertically on skyscrapers that produces plants twice as fast, while using 40% less power, has 80% less food waste, and uses 99% less water than clear outdoor fields is a way out. VFarm aims to revolutionize urban agriculture by licensing the VFarm System module globally. The VFarm system can be applied for planting, food production, cosmetics and medical purposes.

VFarm acknowledges that our economic module remains profitable. Without making a profit, the business will not survive and the potential impact will be greatly hampered. However, we have a goal that is far greater than income and profit, because making a positive impact is a must. Our founders are committed to combating socio-economic inequality by combining social responsibility with entrepreneurship to spur the growth of socio-economic justice. This has been proven through our economic module because it includes 14 of the 17 UNDP Sustainable Development Goals related to agriculture.

VFarm is based on revolutionary and patented agricultural technology with innovative IoT devices to facilitate the growth of curated plants. VFarm agricultural technology has been researched, tested and replicated by productive national research institutes in 2014, through the “Food Factory” which is combined with the latest vertical and green agricultural technologies (such as LEDs, NFT hydroponic systems, automatic irrigation and fertile systems, etc. ), designed to meet the specifications and requirements of MyGAP (Good Agricultural Practices Malaysia), GMP (Good Manufacturing Practices) and HACCP (Hazard Analysis and Critical Control Points).

The VFarm Ecosystem covers the entire supply chain process. The VFarm DLT blockchain layer keeps records that cannot be changed for each batch of production allowing verification of kernel sources, planting curation and transportation conditions. On our farm, the latest vertical farming technologies such as LED lighting systems are very efficient with adjustable color spectrums and lighting power to increase sugar accumulation in plants which gives them more energy to grow applied. Temperature, irrigation, and nutritional balance are also automatically adjusted for each particular plant variety to allow higher yields with higher VFarm compared to greenhouses or traditional outdoor cultivation. The innate nutritional solution unit controls and manages the allocation of nutrient elements,

VFarm has begun construction on our first farm in the Kuala Lumpur golden triangle in May 2019, and is expected to produce the first batch of plants by the end of July 2019. The first farm is designed to produce 20 tons of plants each month which will be marketed through contract farming.

“Urban poverty tends to be triggered by people migrating to cities in an effort to escape the shortcomings associated with rural livelihoods. Partly because of the decline in the countryside, the world of urbanization at a rapid pace and it will not be long before a larger share of the population of developing countries lives in big cities. Therefore, urban food security and related problems must also be placed on the main agenda in the coming years.

Component

The four main components form the VFarm pillar. These four pillars support a strong foundation for efficient crop production and the ecosystem of utilizing strong VFT tokens. The four pillars consist of the following:

Application

For markets, verification, and user dashboards

Blockchain Agriculture

Planting Data and Transportation Data

Use of Tokens

For supply chains and analytical data access

Vertical Agriculture

Irrigation Smart and IoT sensors

City Food Market Infrastructure and Services

To achieve cost-effective food marketing, minimize postharvest losses, reduce health risks and ensure the stability of staple food supplies to cities, efficient market infrastructure such as assembly, wholesale and retail markets, storage facilities, as well as basic handling and transportation facilities and services, very important. Market infrastructure, facilities and services, equipped with new technologies, such as logistics and storage systems and cooled information that tracks inventory, must be planned at the regional, metropolitan, and urban levels.

These factors include:

Market failure;
Less developed urban food systems;
Absence of market transparency;
Lack of economies of scale along the distribution system; and
High transportation costs and high physical losses at all distribution levels

Urban Food Marketing

Along with the growth of population and urban areas, they need broader infrastructure and improved urban rural relations and marketing arrangements to bring more food to consumers. In reaching urban consumers, food goes through various marketing systems and organizations and in many developing countries, several factors produce additional costs and increase consumer prices.

Food safety concerns are very important in cities in developing countries where urban poverty rates often exceed 50 percent. Costs where urban poor households access adequate food are determined not only by private sector activity and investment but also by means of the public sector – central and local governments – intervening in the food marketing system and overcoming obstacles that limit the efficiency of activities.

Usage Distribution

Of the USD $ 10 million associated with this ICO exercise, the following is the distribution of usage:

40% of the contribution will be used for the construction of the VFarm System in Kuala Lumpur.
31.5% will be used for the development of Blockchain Agro Traceability.
11.5% will be used for IoT R & D Systems.
8.5% will be used for the Irrigation System R & D.
8.5% will be used for site rental fees.

Token Sales Information