A blockchain-based agricultural crop tracking network called “TraceHarvest” was launched by blockchain solutions provider BlockApps on Nov. 18 and one of the world’s largest companies, Bayer, is among its first users.
TraceHarvest allows users to trace the life cycle of farm products. Starting with the source of seeds, to define the responsibilities of each of the parties involved in the supply chain. The platform also provides real-time information to users. Ideally mitigating problems associated with crop tracking manually.
TraceHarvest is open to all participants in the supply chain, such as farmers, distributors, manufacturers, distributors and technology suppliers, and also seeks to give farmers the chance to enter new markets and generate additional revenue.
The platform can be used in addition to tracking crops, for environmental and consumer protection, such as carbon offset credits and food safety recalls. Additionally, the company hopes that researchers can use the data stored on the platform to make the food supply chain more sustainable.
On this project, a subdivision of German pharma giant Bayer, BlockApps collaborated with Bayer Crop Science. Bayer has contributed to the network’s development. And has been using it in customer-related operations in the United States. And Brazil for the past two years to track soybean and maize yields, as well as several other crops.
President and CEO of BlockApps said, Blockchain is revolutionizing the agricultural industry
The president and CEO of BlockApps, Kieren James-Lubin, said of the launch, “Blockchain technology is already revolutionizing the agricultural industry. And we are pioneers in this area, thanks to our partnership with Bayer. Together we have succeeded in making this concept a reality. ”
Many countries and businesses have recently also moved to adopt blockchain in crop-related supply chains. A joint venture that will use blockchain technology. Brazil launch it in October to streamline logistics processes in the agricultural sector. By world-leading agribusiness firms from the United States, France, China and the Netherlands.
Similarly, South Australia’s Prime Minister, Steven Marshall, launched a blockchain-based Entrust project in September. With the primary objective of protecting the wine and dairy industries from fake fraud in global markets. And achieving efficiency savings across the agricultural sector.