BlockApps Introduces Ethereum-Based Agro Tracking Network in Partnership with Bayer
BlockApps, which offers blockchain solutions, rolled out a blockchain powered agro crop monitoring network named “TraceHarvest”, with Bayer, one of the largest chemical manufacturer in the workd, as the its foremost user.
TraceHarvest facilitates not only facilitates tracking the life cycle of agro products, but also clearly puts forth the obligations of each partaker in the distribution chain.
The platform beginning tracking with the origin of seeds, while offering users with real-time data, thereby paving way for negating issues linked with tracking crops on a manual basis.
Anyone involved in agro sector, including farmers, manufacturers, dealers, distributors, tech providers etc., can become a member of TraceHarvest network. The platform intends to offer farmers with the opportunity to access unexplored markets and realize extra income.
Other than monitoring crops, the platform can be utilized for environmental and consumer safety, for example, carbon offset credits and food security recalls. Furthermore, the company expects the data recorded on the network to be available for researchers to transform the distribution chain as eco-friendly and long-lasting.
BlockApps partnered with Bayer Crop Science on this venture, a unit of Bayer, which assisted with the creation of the network. The German pharma behemoth has been using it for the last two years in client-linked functions in the US and Brazil to monitor soybean and corn yields, and also other crops.
Regarding the launch, BlockApps President and CEO, Kieren James Lubin stated “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 making this concept a reality.”
Of late, many countries and enterprises have also started implementing blockchain in distribution chain linked to crops. Last October, top agro business companies from the US, France, Netherlands, and China rolled out a joint venture that will utilize blockchain technology to simplify logistics procedures in Brazil’s agro sector.
In the same manner, in September, Steven Marshall, Prime Minister of South Australia, rolled out a blockchain powered Entrust venture with the main objective of safeguarding the wine and dairy sector from swindling in international markets and realizing impressive cost savings across all stages of agriculture sector.