Consolidated Agricultural Stock Market

Problem Statement

The agricultural sector faces significant challenges related to market fragmentation (divided market suppliers, sellers, etc.), inefficiencies in supply and demand management, and scaling to international markets. Your task is to develop a tech-driven solution that consolidates the national agricultural market into a unified resource system. This system should automate optimal practices for managing supply and demand curves, streamlining operations for farmers, suppliers, and buyers. The goal is to create an efficient, scalable market platform that can be expanded internationally. This involves a dynamic price allocation system.

Prizes & Opportunities

Prize Money: $250,000

Internship: Potential internship and job offers for up to 2-3 hires with Keen360 Inc.

Judging Criteria

Innovation & Creativity (20%)

  • Originality of the solution: How novel is the approach to consolidating the agricultural market?
  • Creative use of technology: Are modern technologies (AI, blockchain, IoT, etc.) used in innovative ways to automate market functions and optimize supply-demand curves?

Technical Feasibility (20%)

  • Functionality and reliability: Does the solution work effectively in practice? Can it manage dynamic pricing, supply-demand curves, and real-time data?
  • Scalability: Can the system scale from national to international levels without major infrastructure changes?
  • Architecture and design: How sound is the technical architecture? Does it enable efficient data flows and automation?

Market Impact (20%)

  • Market unification: How well does the solution address market fragmentation and streamline operations for farmers, suppliers, and buyers?
  • Supply-demand optimization: Does the system provide tangible improvements in supply-demand matching, leading to more efficient pricing and distribution?
  • International readiness: How easily can the solution be adapted to global markets and accommodate international regulations?

Usability & User Experience (15%)

  • User interface and experience: How intuitive and user-friendly is the platform for all stakeholders (farmers, suppliers, buyers)?
  • Accessibility: Is the solution accessible for users with limited technical knowledge or resources, especially in rural areas?

Automation & Efficiency (15%)

  • Level of automation: How well does the solution automate key processes such as pricing, supply tracking, and demand prediction?
  • Efficiency gains: Does the system significantly reduce time, effort, or resources needed for market operations?

Sustainability & Long-Term Impact (10%)

  • Environmental sustainability: Does the solution promote sustainable agricultural practices through optimized resource use and reduced waste?
  • Long-term viability: Is the system sustainable over time in terms of maintenance, cost, and growth potential?