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.
Interested to learn more about blockchain agriculture, vertical farming, and more?
Check out our content below, or subscribe to our newsletter of over 5,000 agriculture technology professionals and enthusiasts.
This interview details Farmbrots, an indoor farming company based in Spain. The interview is with Oscar Valls, Founder of Farmbrots. To learn more about Farmbrots and other indoor farming companies, click on this link!
View Full InterviewThis interview details Archway Urban Farm, a company based in Canada. The interview is with Marina Gibson, Farm Manager at Archway Urban Farm. To learn more about Archway Urban Farm and other indoor farming companies, click on this link!
View Full InterviewThis interview details Hamill APS, an Agricultural Processing Solutions company based in Canada. The interview is with Robert Benner, CEO of Hamill APS. To learn more about Hamill APS and other indoor farming companies, click on this link!
View Full InterviewThis interview details Ayola, an Agri-Tech company based in Turkey. The interview is with Nikita Makhalin, CEO of Ayola. To learn more about Ayola and other indoor farming companies, click on this link!
View Full InterviewThis interview details Re-Nuble, an agricultural technology company based in the United States. The interview is with Tinia Pina, Founder & CEO of Re-Nuble. To learn more about Re-Nuble and other indoor farming companies, click on this link!
View Full InterviewThis interview details Greenbox Farms, an indoor farming company based in the Netherlands. The interview is with Önay AKPINAR, Founder of Greenbox Farms. To learn more about Greenbox Farms and other indoor farming companies, click on this link!
View Full InterviewThis interview details Growcer, an indoor farming company based in Canada. The interview is with Alida Burke, CFO and Co-Founder of Growcer. To learn more about Growcer and other indoor farming companies, click on this link!
View Full InterviewThis interview details Vertically Urban, an indoor farming company based in the UK. The interview is with Andrew Little, Chief Executive Officer of Vertically Urban. To learn more about Vertically Urban and other indoor farming companies, click on this link!
View Full InterviewThis interview details Origeen, an indoor farming company based in Mexico. The interview is with Jessica Gómez, CEO and Founder of Origeen. To learn more about Origeen and other indoor farming companies, click on this link!
View Full InterviewThis interview details Value Carbon, an Innovator in carbon handling, re-use, and storage company based in the Netherlands. The interview is with Rolf Bakker, Business Development Manager at Value Carbon. To learn more about Value Carbon and other indoor farming companies, click on this link!
View Full Interview