Page 37 - CMA Journal (Jan-Feb 2026)

Focus Section

The following transactions were
[Figure 4] explains the process flow of this KK-TFST
performed to test the validity of the
concept:

• Eligibility Registry was integrated
with the Token Supply Chain to
allow eligible farmer wallets to
access the subsidy tokens.
• A farmer wallet [0xAb8483F64
d9C6d1EcF9b849Ae677dD3315
835cb2] was successfully regis-
tered with CNIC [12345-6789012
-3] and Landholding size of [500]
(Max being 1250).
Figure 4: Proposed Flow of Khushal Kissan Targeted Fertilizer Subsidy Token
• An authorized dealer wallet
[0x4B20993 Bc481177ec7E8f571
6. Deployment of Smart Contract ceCaE8A9e22C02db] was created to allow the
farmer wallet to transact with and use fertilizer
on Remix IDE
tokens.
We developed a smart contract to implement this
proposal. The smart contract deploys two main • The farmer wallet was issued 50 units of subsidy
tokens by the Government Wallet [0x5B38-
components:
Da6a701c568545dCfcB03FcB875f56beddC4].
• Eligibility Registry: Checks the eligibility conditions
for wallet access. • The farmer [0xAb8483F64d9C6d1EcF9b849Ae677d
D3315835cb2] transferred 50 units to the dealer
• Fertilizer Supply Chain: Details the operational wallet [0x4B20993Bc481177ec7E8f571ceCaE8A9e22
mechanism and process flow.
C02db] against the purchase of fertilizer.
Using the Remix IDE platform, we generated a record of
successful deployment for both contracts. • The dealer wallet [0x4B20993Bc481177ec7E8f571ce-
CaE8A9e22C02db] successfully
redeemed the 50 units to his/her
Deployment of Smart Contract and Record of Successful Deployment
bank account [BANK-ABC-123],
The following actions were performed to successfully deploy the concept concluding the transaction loop.
on the Remix platform:
Replicability

The smart contract, its description,
step-by-step execution guide, as well
as proof of successful deployment,
can be downloaded from Github.
Future Steps

• Integration of APIs of NADRA and
PLRAs for farmer validation and
onboarding
• Onboarding of authorized dealers
in the program
• Integration of RAAST API for G2P
payments into dealers’ bank
accounts
• App development

• Small-scale pilot run
Figure 5: Process Flow Diagram of KK-TFST

ICMA’s Chartered Management Accountant, Jan-Feb 2026 35