Bayer’s Agricultural Division Collaborates With BlockApps, a ConsenSys-Backed Startup March 23, 2019 March 23, 2019 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsMarch 23, 2019 by Kelly Cromley

Bayer’s Agricultural Division Collaborates With BlockApps, a ConsenSys-Backed Startup

The pharmaceutical and genetic engineering company Bayer AG’s agricultural division, Bayer CropScience, is working with ConsenSys-aided Blockchain-as-a-Service (BaaS) firm BlockApps.

Bayer CropScience, based in Germany, has been collaborating with BlockApps on a wide range of blockchain programs since the beginning of 2018.

In June 2018, Bayer acquired American agrochemical and agricultural corporation Monsanto, one of the biggest pharma firms in the world.

A spokesperson from BlockApps said more specifics can be anticipated during the Food and Beverage Supply Chain Blockchain seminar due to begin in San Francisco on March 26–27. The BlockApps platform intends to offer configurable business networks with an interoperable platform.

Blockapps Strato was founded in 2015 to construct Ethereum (ETH) BaaaS on Azure for corporate clients and publishers through collaboration between ConsenSys and the Microsoft Azure cloud platform.

BlockApps is a founding member of the world’s biggest open-source blockchain initiative, the Enterprise Ethereum Alliance (EEA). By July 2017, over150 blockchain firms, research institutions, and Fortune 500 firms such as JPMorgan and Cisco became members of the EEA. BlockApps is proud to become the first blockchain company to collaborate with Azure, Amazon Web Services, and Google Cloud Platform on all key cloud platforms.

Representatives and senators from Colorado recently placed a bill for consideration by the Senate. The bill proposes a scientific study of the probable use cases of blockchain in agriculture. The paper suggested setting up a blockchain advisory council and stipulated possible use situations including product monitoring, inventory control and in-field circumstances monitoring.

In order to enhance traceability, the Malaysian state of Penang considered the implementation of blockchain technology in food supply chains and agro products.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.