Polygon powers agri B2B platform Agri10x
Agri10x, one of the largest B2B e-commerce marketplaces in India, has announced that it has tied up with Polygon, the Ethereum Layer 2 solution, to connect the farmers in the agricultural sector in India with the buyers and other businesses all over the world.
The blockchain and AI-enabled platform are aimed to give a facelift to the agricultural sector in India and the advent of Polygon is expected to give a major boost in terms of visibility as well as scalability. Polygon is being deployed across a range of industries over the last few months and this is one more e-commerce platform that seems to believe in the growth and scalability of Polygon. It has its advantages that it is not faster and cheaper than Ethereum and this, coupled with the fact that the backbone continues to remain as Ethereum, has helped Polygon to grow at a very fast rate among developers and users since the beginning of the year.
Agri10x CEO & co-founder, Mr. Pankajj Ghode stated, “We are pleased to collaborate with the Polygon team and look forward to working together. Our strengths combined with their expertise will help streamline the supply chain process and offer strong support to our expansion plans.”
Though they are a few Layer 2 solutions around, Polygon does seem to be the preferred choice from most of the developers and it has to be said that it has managed to wean away many of the Ethereum developers to its network. Recently, we have had news that the Stellar-Polygon bridge is also being built which is only going to increase the adoption of Polygon as the high gas fees on Ethereum continues to haunt the network with its users looking for cheaper and faster alternatives.
“We are impressed with how fast Agri10x has become India’s leading e-marketplace and post-harvest solution provider. We are delighted that Agri10x has chosen Polygon to help bring digital transformation to the farming community,” commented Mr. Sandeep Nailwal, co-founder of Polygon.
It is expected that ETH 2.0 might ease some of the issues about network speed and high gas fees but it remains to be seen what kind of a dent that the Ethereum network is going to suffer in the meantime and whether the developers would be willing to come back once the new version is launched.