We‘ve seen it disrupting the financial industry, healthcare, real estate, logistics and more. Now agriculture is adopting different technologies, among which Blockchain. There are two main issues in this sector, one regards the payment for the food delivery and the other has to do with the possibility of tracking foods from the farm to the market. Blockchain could be the solution to both, let’s see how.
When the products leave the farm they begin to be part of the supply chain formed by many intermediaries. Blockchain can improve automation, digitization, and food tracking reducing inefficiencies and saving energy and time. Blockchain ledgers help farmers to be aware of the status of their crops from planting to distribution in a secure way and in real-time.
Today more and more consumers are interested in organic products. Organic farmers are responsible for capturing complete production data, assure its accuracy and share it with certifying agencies. The adoption of blockchain can improve the efficiency of data entry and the recurrence of information verification. In fact, it is useful to track crops.
Some companies are already working on IoT solutions that allow growers to monitor irrigation, pests, and soil quality in a precise way. These sensors gather information in real-time automatically providing quick access to information to those farmers that need data to perform different farm operations.
Furthermore, blockchain can be implemented in logistics to simplify deliveries. Smart contracts can help farmers to get rid of long chains of intermediaries.
Image by Sasin Tipchai, from Pixabay