Transaction Mechanism
The Orina platform leverages blockchain technology and a decentralized application (DApp) to facilitate secure and transparent transactions, as well as enable source traceability in the agricultural industry. Here's an overview of the transaction mechanism and source traceability process:
Registration and Verification: Users, including farmers, consumers, and other stakeholders, register on the Orina platform and undergo a verification process to ensure the authenticity and credibility of their identities. This verification process helps establish a trustworthy community within the platform.
Creating Listings: Farmers can create listings for their agricultural products, specifying details such as product type, quantity, quality, and pricing. These listings are made available on the Orina marketplace, accessible to consumers looking to purchase agricultural products directly from farmers.
Smart Contracts and Escrow: The Orina platform utilizes smart contracts, which are self-executing contracts with predefined conditions. When a buyer expresses interest in a listing, a smart contract is generated to facilitate the transaction. The buyer's payment is held in escrow until the agreed-upon conditions, such as delivery and quality verification, are met.
Secure and Direct Transactions: Once the conditions of the smart contract are fulfilled, the payment held in escrow is released to the farmer. This ensures secure and direct transactions between buyers and farmers without the need for intermediaries. The transaction details are recorded on the blockchain, providing an immutable and transparent transaction history.
DApp for Source Traceability: The Orina platform also integrates a decentralized application (DApp) that enables source traceability of agricultural products. Each product listed on the platform is assigned a unique identifier or QR code, which can be scanned by consumers using the DApp.
Accessing Product Information: By scanning the QR code or entering the product identifier in the DApp, consumers can access detailed information about the product's origin, including the farm it was produced on, cultivation methods, certifications, and any other relevant data. This allows consumers to make informed decisions based on the transparency and traceability of the product's supply chain.
Feedback and Ratings: After the transaction, both buyers and farmers can provide feedback and ratings on their experience. This feedback system helps build trust within the Orina community and enables continuous improvement of the platform and services.
By combining blockchain technology, smart contracts, and the Orina DApp, the platform ensures secure, direct, and transparent transactions between consumers and farmers. The integration of source traceability through the DApp enables consumers to make informed choices and promotes accountability and quality assurance in the agricultural supply chain. The Orina platform thus revolutionizes the way transactions are conducted in the agricultural industry, fostering trust and efficiency for all stakeholders involved.
Last updated