In August 2016, the village of Kolionovo near Moscow, Russia, became the first in the world to integrate blockchain technology into its operations.
One month later, the head of the farm, Mikhail Shlyapnikov, shared the impacts so far with Forklog – including these reported benefits:
- A new form of cooperation between consumers and producers
- Nearly all openly recorded shares reserved or paid for
- Plans underway for the long-term implementation of direct supply, without intermediaries.
Separately, Shlyapnikov reported halving the price of some products, thanks to cutting out intermediaries.
The range of products available has already expanded through collaboration with neighbouring farms, adding fresh goats’ milk and cheese, mutton, rabbit, and products of fowl, fish and honey.
The farm is investing in expansion, improvements to increase quality and production rate, and risk mitigation, as well as more functions for the local cryptocurrency, Kolions, and a greater range of transaction services through Emercoin.