The new Ethereum-based network aims to track the life cycle of agricultural products and has a pharmaceutical giant among its users.
BlockApps launches Ethereum-based agricultural technology network in collaboration with BayerNOTÍCIAS
On November 18, blockchain solution provider BlockApps launched a blockchain-based crop tracking network called „TraceHarvest“ – and one of the world’s largest companies, Bayer, is among its first users.
TraceHarvest would provide users with the ability to trace the life cycle of agricultural products from the source of the seeds to define the responsibilities of each party involved in the supply chain. The platform also provides users with real-time information, ideally mitigating problems associated with manual harvest tracking.
TraceHarvest is open to all supply chain participants, such as farmers, retailers, manufacturers, distributors and technology providers, and also aims to provide farmers with the opportunity to enter new markets and generate additional income.
In addition to tracking crops, the platform can be used for Bitcoin System environmental and consumer protection – for example, carbon offset credits and food safety recalls. In addition, the company hopes that the data stored on the platform can be used by researchers to make the food supply chain more sustainable.
BlockApps collaborated with Bayer Crop Science on this project, a subdivision of German pharmaceutical giant Bayer. Bayer helped develop the network and has used it for the past two years in customer-related operations in the United States and Brazil to monitor the productivity of soy and corn and several other crops.
BlockApps President and CEO Kieren James-Lubin said of the launch: „Blockchain technology is already revolutionizing the agricultural industry and, thanks to our partnership with Bayer, we are the pioneers in this area. Together, we have succeeded in making this concept a reality. ”
Recently, many countries and companies have also adopted blockchain procurement in crop-related supply chains. In October, leading agribusiness companies in the United States, France, China, and the Netherlands launched a joint venture that will use blockchain technology to streamline logistics processes in the Brazilian agricultural sector.
Similarly, in September, South Australian Prime Minister Steven Marshall launched a blockchain-based Entrust project with the primary goal of protecting the wine and dairy industries from fraud in global markets and achieving efficiency savings in agricultural sectors.