On November 18, the blockchain solutions provider BlockApps launched a blockchain-based network for tracking agricultural crops called “TraceHarvest” – and one of the largest companies in the world, Bayer, is one of its first users.
TraceHarvest reportedly offers users the ability to follow the life cycle of agricultural products from the seed source to defining the responsibilities of the parties in the supply chain. The platform also provides users with real-time information, which ideally alleviates problems related to manual crop tracking.
TraceHarvest is open to all participants in the supply chain, such as farmers, dealers, manufacturers, dealers and technology providers, and aims to provide farmers with the opportunity to open up new markets and generate additional income.
In addition to tracking plants, the platform can also be used for environmental and consumer protection – for example for emission 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 worked with Bayer Crop Science on this project, a division of the German pharmaceutical giant Bayer. Bayer helped develop the network and has been using it for two years on customer-facing operations in the US and Brazil to track soybean and corn yields and various other crops.
Kieren James-Lubin, President and CEO of BlockApps, said: “Blockchain technology is already revolutionizing the agricultural industry and thanks to our partnership with Bayer we are pioneers in this area. Together we have succeeded in realizing this concept. ”
Recently, many countries and companies have also introduced blockchain in supply chains related to crops. In October, the world’s leading agricultural companies from the USA, France, China and the Netherlands founded a joint venture that will use blockchain technology to streamline logistics processes in the agricultural sector in Brazil.
Also in September, Steven Marshall, Prime Minister of South Australia, started a blockchain-based Entrust project with the primary aim of protecting the wine and dairy industry from false fraud in world markets and achieving efficiency savings in all agricultural sectors.