Blockchain technology in agriculture

Added on 11 April 2022

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Blockchain agriculture enables the traceability of information in the food supply chain to improve food safety. Blockchain's ability to store and manage data creates traceability, which is used to facilitate the development and use of innovations for intelligent farming and index-based agriculture insurance. It's a huge step forward in the world of modern agriculture. But how does it work, and how does it make food safer?

What is Blockchain Technology?

You've likely heard a lot about blockchain technology with the growing popularity of Bitcoin and other cryptocurrencies, but it may be surprising to find it in the agricultural sphere. Traditionally, we have used ICT (information and communication technology) for databases to track data and maintain the flow of information. Blockchain technology is a new way to power these databases. They give rights to all network participants instead of a single server and administrator. Multiple parties can then access and verify new additions to the database, allowing for more security and less chance of corruption.

It is also more secure than traditional technologies because all parties must reach a consensus to place security blocks on top of encryption. It becomes extremely difficult to tamper with any system.

How Can Blockchain Technologies Be Used?

Blockchain technologies can track all kinds of information regarding plants, including the quality of the seed, how crops grow, and even create a record of a plant's journey once it leaves the farm. This data can increase the transparency of supply chains and reduce issues related to illegal and unethical production. They can also make it easier to trace any contamination or other problems back to their source in the event of a recall. The top priority with these technologies is sustainability and food security.

When consumers have this level of transparency, they can make informed decisions about their purchases. Often, they'll use this information to reward farmers and producers who employ positive practices.