Prabir Mishra Talks About Real World Use Cases of NFTs in Agriculture Industry

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Hash It Out By Foundership - Demystifying Web3 for Doers

Foundership

42 episodes

1 day ago

Hash It Out by Foundership is an initiative taken by Bimlesh & Santosh (Co-founders, Foundership) to bring the world of Web 3.0, Metaverse, NFT, Crypto and DeFi so much in light, that it almost becomes a mainstream path for excelling in Entrepreneurship. We don’t want Web3 to remain a futuristic philosophy, but a bankable business model, an approachable reality for founders. Here, we invite successful Founders and Leaders who are already utilizing blockchain technology to make a difference in the world and have deep discussions with them. We’re sure every conversation here will

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Prabir Mishra Talks About Real World Use Cases of NFTs in Agriculture Industry

Hash It Out By Foundership - Demystifying Web3 for Doers

48 minutes 51 seconds

3 years ago

Prabir Mishra Talks About Real World Use Cases of NFTs in Agriculture Industry

There is still a lot of confusion about how things in Web 3.0 function and how Entrepreneurs can make use of it to bring change in the real world.

When we say - NFTs, Cryptos and DeFi, there is a general impression that these instruments must be significant only in the virtual world.

But Prabir Mishra in this episode of Web3Verse erases this notion and throws light on how the blockchain technology is not limited to the digital application, but can be very much used to solve the real world problems.

Prabir Mishra is the Co-founder and CEO of TRST101, a multi-chain blockchain platform that provides blockchain solutions on Agri & Food Traceability, Connected Supply Chain, Document Identity and Authentication.

In this episode, we discuss his journey from being an Investment Banker to a Founder of Web3 based platform and how he utilizes NFTs in the Agriculture & Food Industry.

If you are someone who wants to get started in the Web 3.0 space, but is unsure of what business idea to come up with, this episode will help you bring in that clarity.

00:00 - What's In This Episode?

00:55 - Channel Logo

01:07 - Podcast Intro

01:38 - Welcoming Prabir Mishra

01:54 - About Getting Introduced to Web 3.0

07:42 - Deciding on a NFT Use Case for Business

08:57 - Application of NFT in Farming & Supply Chain

14:32 - NFT Money Going Back to Farmers

16:32 - Farmers Adopting the New Technology

21:15 - How Long Did It Take To Build This Technology?

24:01 - Getting Funds To Build This Web3 Business

25:46 - Choosing The Best Blockchain Platform

27:53 - Fundraising for Web3 Startups vs Web2 Startups

35:45 - Coming Up with the Company Valuation

\41:08 - Plan To Go Global?

42:22 - Improvements Needed In Blockchain Technology

44:42 - Message for Founders Wanting To Get Into Web3

47:40 - Conclusion