FinTech Revolution by Sofie Blakstad & Robert Allen

Author:Sofie Blakstad & Robert Allen
Language: eng
Format: epub
Publisher: Springer International Publishing, Cham

Background/the Problem

The division between rich and poor is growing, while the population of underprivileged and underserved individuals is increasing in developed economies, where certain sectors, such as immigrants, suffer from disproportionately high unemployment levels. Access to fresh fruit and vegetables is particularly limited for poorer populations in developed economies, with many poorer regions in the USA designated “food deserts” because of the lack of access to fresh produce.

Many countries that have the climate for growing vegetables and fruit are importing large quantities, because the economics of rural farming don’t attract sufficient numbers of producers; this in turn leads to higher costs of produce which in turn, impacts the urban poor.

Given the high level of imports and the cost of fruit and vegetables, targeting urban greening and fruit/vegetable production in urban areas benefits urban communities by reducing food costs and carbon footprints. In addition to the core marketplace system, developments in urban greening, both social and thanks to Agritech present solutions for creating a multi-layered food circle:Vertical farms are aiming to bring food production back to cities, reduce carbon emissions and water usage and address the growing challenge of feeding the world’s ballooning urban population. Vertical farms minimise the need for energy, water and pesticides.

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