Automating Agreements, Securing Revenue, and Ensuring Transparency
1. What SmartAgri Contracts™ Are
- Digital, programmable contracts deployed on a blockchain.
- Automatically enforce terms of agreements, payments, and revenue sharing.
- Integrate with AgriFin Ledger™, QR codes, and traceability data.
- Reduce disputes, manual administration, and delays.
2. Applications in Agarwood
A. Contract Farming
- Farmers grow agarwood on their land under pre-agreed terms with buyers, cooperatives, or investors.
- SmartAgri Contract™ automatically tracks:
- Tree IDs / batches
- Inoculation & growth milestones
- Harvest dates and volumes
- Payments triggered upon verified harvest
Benefits:
- Guarantees farmer receives fair compensation
- Ensures buyers only pay for verified, traceable products
- Reduces paperwork and manual audits
B. Revenue Sharing
- Cooperatives, farmers, or joint ventures can share profits from agarwood sales automatically.
- SmartAgri Contract™ calculates:
- Revenue per batch
- Percentage shares per participant
- Deduction of agreed costs (processing, transport)
- Payments are automatically executed once transaction is verified on-chain
Benefits:
- Transparent, tamper-proof profit distribution
- Prevents disputes over revenue allocation
- Tracks all batch-linked income for audit purposes
C. Investor-Funded Plantations
- Investors provide capital for establishing agarwood plantations.
- SmartAgri Contract™ defines:
- Investment amount and schedule
- Project milestones (planting, inoculation, harvest)
- ROI or profit-sharing terms
- Payments to investors are triggered automatically based on verified production and sales milestones recorded on-chain
Benefits:
- Reduces administrative overhead
- Builds investor confidence via transparent, traceable performance metrics
- Secures long-term financial agreements without manual intervention
3. Key Data Points in SmartAgri Contracts™
| Field | Purpose |
|---|---|
| Contract ID | Unique identifier linked to batch/tree UTIDs |
| Parties | Farmer, cooperative, investor, buyer details |
| Terms & Conditions | Planting, inoculation, harvest, processing milestones |
| Payment Triggers | On-chain verification of batch, grade, weight, or revenue |
| Revenue Share | Percentage allocation for each party |
| Compliance | CITES, CNC, DENR/ECC obligations linked |
| Audit Trail | Immutable blockchain records of all contract events |
4. Farmer & Cooperative Tips
- Ensure tree IDs, batch IDs, and harvest events are properly recorded before linking to contract.
- Use QR codes for batch verification; SmartAgri Contract™ references these to trigger payments.
- Clearly define milestones, grades, and revenue percentages in advance.
- Integrate investor or buyer verification to automate trust and reduce disputes.
5. Benefits of SmartAgri Contracts™
- Automated Payments: Triggered by verified events, reducing delays
- Transparency: Every party can see terms, milestones, and revenue shares
- Traceability: Contracts linked to batch/tree IDs ensure premium pricing
- Compliance: Ensures all legal and regulatory obligations are met
- Investor Confidence: Verified, auditable returns increase investment appeal
Key Message
“SmartAgri Contracts™ make agarwood contract farming, revenue sharing, and investor-funded plantations transparent, automated, and verifiable, turning every agreement into a secure, traceable, and premium-ready operation.”