![]() ![]() Simon Seojoon Kim, CEO of Hashed, said, "The agricultural market was inefficient compared to its huge size and importance due to the information asymmetry and lack of trust of participants. The smart farming market is currently estimated to be worth around 5.4 trillion won ($4.9 billion USD), and will continue to rise as farmers face demands to produce more food for a growing global population, while guarding against problems related to adverse weather conditions and climate change. “By recording key data generated by Green Labs' value chain in blockchain, all participants will be able to build a transparent and reliable agricultural data economy platform."Īccording to Shin 1.6% of South Korea’s GDP comes from agriculture, forestry and fishery, although traditional farming methods still dominate and agri-tech is expected to furnish opportunities to strengthen agricultural competitiveness in the years ahead. "We will lead in innovation to maximize the value of data generated at agricultural sites through this funding,” explained CEO Sang-hoon Shin. Green Labs plans to utilize blockchain technology in this promising next phase, and in doing so provide more value for its expanding customer base. While the app’s AI-based Growth Environment Optimization Engine informs users which environment is best for growing specific crops, it also assesses historic production and sales data to estimate which channels are most profitable. Through the IoT-equipped Farm Morning application, farm owners can ramp up production and explore various distribution channels to sell more yield. The agri-tech firm also has plans in place to enhance the technology of its smart farm network, launch agricultural exchanges, and facilitate online purchases of agricultural materials. With a sizable war chest at its disposal, Green Labs intends to commence a recruitment drive and refine its one-stop digital service that connects farmers’ production to distribution. A staple of the Korean smart farm market, Green Labs has now raised a total of $28 million. Green Labs has recently raised $18 million in Series B funding, with blockchain VC firm Hashed leading the round. ![]() We recently reached out to Sang-hoon Shin, the CEO of data agricultural startup Green Labs, to talk about the developments and opportunities in the agriculture technology space. Cheaper and cleaner energy combined with developments in gene editing and robotics will also have profound effects on agriculture and agriculture technology stocks aren’t in most investors’ radars. We are on the cusp of big technological breakthroughs in artificial intelligence and robotics. We also talked about the technological changes in the healthcare sector and highlighted the best biotech stocks to buy and best genomic stocks to buy. We also talked about software revolution and shared our lists of best cybersecurity stocks and best cloud computing stocks to buy. ![]() In recent weeks we talked about the energy revolution and shared our lists of the best solar energy stocks, best lithium and battery stocks and best hydrogen fuel cells stocks to buy. We believe a large number of stocks are in bubble territory as investors try to predict the winners of the emerging tech-fueled industries. This resembles the 1998-2000 dotcom market. If you haven’t been sleeping under a rock since the beginning of the pandemic, you might have noticed that investors have been flocking into the next generation technology companies in increasing numbers. Click to skip ahead and see the 5 Best AgTech Stocks To Buy Now. In this article we presented the list of 10 best agriculture technology stocks to buy now.
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