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On November 18, blockchain solutions provider BlockApps launched a blockchain-based agricultural crop tracking network called “TraceHarvest” – and one of the largest companies in the world, Bayer, is among its first users.
TraceHarvest reportedly provides users with the ability to trace the life cycle of agricultural products from the source of the seeds, all the way to defining the responsibilities of each party involved in the supply chain. The platform also provides users with real-time information, ideally mitigating the problems associated with manual crop monitoring.
TraceHarvest is open to all supply chain participants such as farmers, retailers, manufacturers, distributors and technology suppliers and also aims to provide farmers with the opportunity to enter new markets and generate additional income.
In addition to tracking crops, the platform can be used for environmental and consumer protection, for example, carbon offsetting 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 partnered with Bayer Crop Science on this project, a subdivision of the German pharmaceutical giant Bayer. Bayer has helped develop the network and has used it for the past two years in customer-related operations in the United States and Brazil to monitor soybean and corn crops, as well as many other crops.
BlockApps President and CEO Kieren James-Lubin said of the launch: “Blockchain technology is already revolutionizing the agricultural sector and, thanks to our partnership with Bayer, we are pioneers in this sector. Together we have succeeded in transforming this concept into reality. “
Recently, many countries and companies have also moved to adopt blockchain in crop-related supply chains. In October, the world’s leading agri-food companies from the United States, France, China and the Netherlands launched a joint venture that will use blockchain technology to simplify logistics processes in the agricultural sector in Brazil.
Similarly, in September, Steven Marshall, Prime Minister of South Australia, launched a blockchain-based Entrust project with the main goal of protecting the wine and dairy industries from false fraud in global markets and achieving efficiency savings. in all agricultural sectors.
