The vertical farming market has been valued at 1.5 billion dollars in 2016 and it's anticipated to register a CAGR of 23.03 percent during the forecast period between 2018 to 2023. Asia-Pacific has been known to be the biggest and leading region in adopting vertical farming presently. Following is Europe and then North America. Although North America and Europe have most farms use advanced technologies in the agriculture sector, Asia-Pacific region has numerous investors who are interested in exploring the vertical farming opportunities, with increasing concerns over food security because of the rapid and constant population growth in the region.
Farming land shortage, growth of the population and the demand for pesticide residue-free food are the main key drivers for the introduction of vertical farming.
The VFarm system is a proven, research backed farming technology licensed by Agrosky Sdn. Bhd (ASSB), a specialist in vertical farming. The VFarm system provides a DLT blockchain layer that creates an unchangeable record for each batch of produce as to enable verification of the source, planting, packaging, and distribution. This will, in turn, allow the ecosystem users to have total traceability of the produce on food safety and also drive social impact through informed choices on their purchases.
The system’s economic model is based upon Social Enterprise in line with the United Nations Sustainable Development Goal (SDG). Social Enterprise is the future of development since its ability to solve some of the problems facing development that neither donors nor governments have been able to unravel.
Vfarm believes that a community-driven ecosystem that fosters entrepreneurship, motivated by high-quality content and rewards and furthermore hosted on a blockchain-based platform is the ultimate solution. Vertical farms will probably never take the place of traditional farms but it is likely that they will have to work hand in hand in order to meet the food demands of tomorrow.
The members of the ecosystem can see the environmental impact i.e (water usage, carbon footprint, nutrient use) and also socio-economic impact. The ultimate aim of Vfarm is to revolutionize urban farming by licensing the Vfarm system module throughout the world. Ecosystem users can apply the Vfarm system for planting, production, and distribution of their plants for uses on food, cosmetics, and medical purposes. Vfarm’s fundament markets of London and Kuala Lumpur comes with collaborations from its stakeholders that are owners of A list buildings in the golden triangle of Kuala Lumpur and central London.
CONCLUSION.
In this new and upcoming industry of indoor controlled environment agriculture, there is much research to be done especially in the vertical farming sector. Issues of sustainability, plant science, standardization, systems optimization, and morphology genomics need to be looked into in order to enable the continued growth of the industry. Additionally, it will allow the development of new advanced technologies and processes that will create further opportunities.
The new generation needs to be trained highly across a broad range of subject areas. Universities and specialist colleges, recognizing the importance of hydroponic technology in ensuring a secured future of food security, are trying to reinvigorate our society’s youth and raise their interest in food production.V farm is the perfect tool to learn and research about crop science. I would recommend governments trough out the world to adopt the new concept of vertical farming and help in winning this fight against food insecurity.
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★ Author: jamesndungu1
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