E-Livestock Global, founded in 2019 has created a system that employs hardware and software to collect data about cattle that can then be analyzed
E-Livestock Global, based in Zimbabwe, intends to enter several additional markets in the upcoming months
The startup utilises a double revenue model based on an initial tag sale of US$2 and a modest annual subscription fee of US$1 for the core system from the start of year two
Harare- E-Livestock Global, based in Zimbabwe, intends to enter several additional markets in the upcoming months and years as a result of the rapid uptake of its gear and software, which generates critical data on the lives of livestock.
E-Livestock Global, founded in 2019 by Chris Light, Max Makuvise, and Melissa Enge, and formally launched in 2021, has created a system that employs hardware and software to collect data about cattle that can then be analyzed. RFID tags that are connected to the owner's information are used to tag animals. To accumulate data about every aspect of the animal's life, scanners and cell phones are used.
Smallholder farmers in rural areas have suffered because they have not been included in formal systems for years. Many people, especially women, have been left out of the political process as a result of concerns about cow ownership and the capacity to resolve ownership issues. While regulations permitting the use of cattle as collateral exists in many countries, a reliable traceability system has prevented many farmers from taking part and benefiting financially. Africa has more than 20% of the world's cattle, but due to a lack of traceability systems, it is unable to sell to many lucrative markets. Particularly from infections spread by ticks, many animals pass away needlessly. A technology that can monitor health would be very beneficial.
By enabling the traceability of their cattle and other livestock, E-Livestock hopes to improve the standard of living for rural and commercial farmers. This will provide a solution that can be used anywhere in the world by concentrating on cutting-edge, cost-effective technologies. a blockchain-based platform supporting digital and financial inclusion that was created for smallholder farmers. The majority of solutions concentrate on the top or commercial tier.
The firm secured early pre-seed investment to create its prototype and software, and we ran five different kinds of cattle operations tests in Zimbabwe. The system is intended to function on any farm or among livestock owners. A stud operation with seven different pedigree herds; a sizable herd of 300 belonging to a tech enthusiast; a large cattle ranch with over 7,000 head of cattle; an insurance company that uses biological assets as a part of policyholder assets; and a government-run dip where over 1,500 animals use the services.
The results were so impressive that E-Livestock Global is pushing ahead with ambitious expansion plans. There has been a great deal of interest both inside Africa and on other continents. Currently, in Zimbabwe, the platform will be expanding to Zambia and Mozambique once the rainy season is over. Uganda and South Africa are also on its radar. Multiple locations are under discussion globally including the major livestock markets such as North America.
The startup utilises a double revenue model based on an initial tag sale of US$2 and a modest annual subscription fee of US$1 for the core system from the start of year two. This model may vary by geographic location in the future.
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