Food and agriculture—made up of a complex ecosystem of entwined dependencies—is a sector ripe for the adoption of blockchain technology. If food and agriculture are to meet their obligations and opportunities, an increased level of transparency and sharing is essential. Blockchain is a vital tool to secure this ecosystem and ensure everyone benefits.
A blockchain is a ledger of records (also known as blocks) that are stored across a network of many computers. The ledger is secured with cryptography to ensure that once written, each block cannot be altered. The blockchain can be used to manage many types of data such as online transactions or documentation such as shipping manifests or veterinary records. Given the myriad items and valuable transactions that are part of everyday food and agricultural production, blockchain is an ideal element for the sector.
Across the agriculture value chain, it is vital to establish trust; there is a general concern about data sharing within the industry. Utilizing a blockchain-based solution provides greater transparency around the data and, more importantly, protects the use of that data upstream and downstream.
Track And Trace
At present, large swathes of food and agricultural processes are not shared. This opacity inhibits the grower, manufacturer, retailer and, ultimately, the consumer, as none can clearly see the actions and values that the other has contributed. Blockchain has the ability to help improve trust and facilitate the sharing of this information for greater clarity.
Continue reading: https://www.forbes.com/sites/forbestechcouncil/2023/01/20/using-blockchain-technology-to-increase-transparency-in-agriculture/?sh=25fb3360b1c8
A blockchain is a ledger of records (also known as blocks) that are stored across a network of many computers. The ledger is secured with cryptography to ensure that once written, each block cannot be altered. The blockchain can be used to manage many types of data such as online transactions or documentation such as shipping manifests or veterinary records. Given the myriad items and valuable transactions that are part of everyday food and agricultural production, blockchain is an ideal element for the sector.
Across the agriculture value chain, it is vital to establish trust; there is a general concern about data sharing within the industry. Utilizing a blockchain-based solution provides greater transparency around the data and, more importantly, protects the use of that data upstream and downstream.
Track And Trace
At present, large swathes of food and agricultural processes are not shared. This opacity inhibits the grower, manufacturer, retailer and, ultimately, the consumer, as none can clearly see the actions and values that the other has contributed. Blockchain has the ability to help improve trust and facilitate the sharing of this information for greater clarity.
Continue reading: https://www.forbes.com/sites/forbestechcouncil/2023/01/20/using-blockchain-technology-to-increase-transparency-in-agriculture/?sh=25fb3360b1c8
