Dimitri Fischler unveiled Lemonade Foundation’s ambition to protect 1m farmers in 2025 and 100m smallholder farmers by 2030 at D1Conf in Bangkok using innovative blockchain technology.To date, in collaboration with Etherisc, 13,000 farmers have been protected as part of a pilot programme.The Climate Crisis and Its Impact on Smallholder FarmersSmallholder farmers are the backbone of global agriculture, yet they remain among the most vulnerable populations worldwide. With over 500m smallholder farmers supporting nearly 2bn people, they play a crucial role in feeding the world. However, they are vulnerable to the devastating impacts of climate change:📉 Dwindling Yields: Agricultural productivity is projected to drop by up to 30% due to climate-related disruptions.🌾 Food Insecurity: Lower yields directly impact food availability, driving up hunger and malnutrition.👎 Financial Strain: Reduced income and crop failures push farmers into mounting debt, deepening cycles of poverty.As these climate shocks grow more severe, smallholder farmers need solutions that are both immediate and sustainable.A Game-Changing Approach: Blockchain-Based InsuranceThe Lemonade Foundation, using Etherisc’s technology, has developed an innovative blockchain-based insurance platform. This approach transforms the traditional insurance model, making it more accessible, affordable, and efficient for farmers in vulnerable regions.✅ Parametric Insurance: Using real-time data to trigger automatic payouts based on predefined conditions, such as rainfall levels or temperature thresholds.⛓️ Decentralized Applications (DApps): Policies are managed transparently through smart contracts on a blockchain.📲 Mobile Accessibility: Farmers can register, manage policies, and receive payouts entirely via USSD and SMS on feature phones, bypassing the need for smartphones or internet access.A Vision for the FutureThe Lemonade Foundation is not just delivering a product; it is driving a movement. With an ambitious goal of supporting 1 million farmers by 2025 and 100 million farmers by 2030, this blockchain-based insurance platform has the potential to revolutionize agricultural resilience.D1Conf: Lemonade aims to insure 100m farmers by 2030 was originally published in Etherisc Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
