You have most likely heard of Blockchain technology, but how is it used in agriculture exactly? In this article you wil learn:
Ready to go? Let's get started!
Blockchain is defined simply as software which creates a ledger of accounts, also known as a database, whose transaction history is very difficult to change. Because of how difficult blockchain software is to manipulate, it is a highly secure way to transfer data online. One well known example of how blockchain technology is used is bitcoin, a digital currency which is stored via blockchain technology as opposed to a bank.
In an age where data security is more important than ever before, the security of blockchain is very attractive to many different industries. How is blockchain used in agriculture?
To find out, follow us to the next section!
According to Remi Schmaltz, CEO of Decisive Farming, a Canadian company that works with agricultural applications of blockchain, blockchain offers:
"a single source of truth about the state of your farm, inventory, and contracts"
Because agriculture is becoming more and more hi-tech and technology plays a larger role in modern farming than aver before, blockchain provides a highly secure method of managing all the data involved in running an agricultural business. In some types of farming such as vertical farming, automation, data, sensors, and other technology are essential to successful farming, and may have even more use of blockchain as a result.
Other uses of blockchain in agriculture include:
Any updates made become part of the ledger and every participating device receives the updated record. Even out in the field, disconnected from internet access, any changes will sync to the network as soon as the device regains internet access.
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