[ad_1]
BlockApps TraceHarvest Network, based on Ethereum, improves the quality, safety and sustainability of food by bringing efficiency of the supply chain, transparency, compliance and management of agricultural products
BlockApps, the leading provider of enterprise blockchain platforms, today announced the launch of the TraceHarvest network which is transforming the way agricultural products are managed. The new blockchain-based business network was developed in collaboration with Bayer, the leading technology innovator in the agricultural sector, which for the past two years has been a founding member and active user of the network for live operations targeting customers in regions including the United States. and Brazil, with further expansion plans globally. This platform will set new standards of sustainability, driving the digital transformation and resilience of the food system that will shape the future of the agricultural sector.
With Bayer’s support, this flexible, scalable and global platform will help farmers of all sizes access new markets and services while increasing their livelihoods through the ability to offer new premium products. By providing access to better supply chain information, this platform also allows farmers to optimize their operations. TraceHarvest has the potential to be tapped for other high-impact use cases such as carbon offsetting accreditation for food safety recalls, promoting both sustainability and consumer well-being. Through this platform, information on the entire life cycle of agricultural products can provide insights to guide and reward sustainable practices throughout the food supply chain.
The BlockApps TraceHarvest Network is the first blockchain solution of its kind to monitor and track the entire life cycle of agricultural products from the seed source. For products like seeds, this provides a complete picture of management as they are sold, traded, planted, harvested and processed. In partnership with Bayer’s Crop Science Division, the platform has been built and tested to the highest industry standards for traceability and provides a first and best solution for the grain industry. Farmers, producers, distributors and processors can selectively share and review data within a single secure platform, making activities available to the entire chain. This streamlined engagement and real-time information exchange allow all parties to identify and address product integrity and traceability issues faster than previous manual processes allow.
“Blockchain technology is already revolutionizing the agricultural sector and we are leading the way with our partnership with Bayer’s Crop Science division that has made this concept a reality,” said Kieren James-Lubin, President and CEO of BlockApps. “Together, we are developing world-class innovation with farmers, setting new sustainability standards and driving the digital transformation that will shape the future of the industry.”
Current analogue processes create significant labor and resource costs and fail to deliver the data farmers and other value chain participants need. Such inefficiencies also put companies at risk of compliance violations along the supply chain and in multiple geographies. TraceHarvest brings agricultural products to market faster, helps to safely launch new products in approved regions, and accurately tracks them to provide strong evidence of compliance with international regulations. Bayer has used TraceHarvest over several growing seasons to monitor the life cycle and status of the company’s highest value agricultural products, including soy and corn, from sale and seed to harvest.
Member farmers, producers, distributors and processors use the same TraceHarvest network to track where their products are going, giving them full visibility into the source of their crops. “By enabling product traceability throughout the food supply chain, TraceHarvest will provide a foundation for new solutions and services around the food quality and transparency issues that are the focus of attention of farmers and consumers,” said Sascha Israel. Bayer Crop Science CIO and head of digital transformation.
“The TraceHarvest platform will enable our traditional and non-traditional business partners across the food value chain to explore new products, services and business models. Confidence in agricultural product management is essential to navigate the complex ecosystem of modern agriculture.” , said Michael Pareles, Digital Strategy and Growth Lead at Bayer Crop Science. “Using TraceHarvest in manufacturing has enabled us to drive operational efficiencies, create value and have greater visibility, transparency and compliance throughout the entire food and value supply chain.”
The TraceHarvest network runs on BlockApps’ cloud-independent STRATO platform, a flexible, enterprise-grade, Ethereum-based blockchain solution for building and managing enterprise networks with built-in security. This shared infrastructure encourages greater cooperation and collaboration between businesses and farmers.
“TraceHarvest is highly scalable, which is critically important because it allows members to add multiple business processes, use cases and technology integrations into the same network,” continues Kieren James-Lubin. “For example, members of the network will be able to work with downstream food producers to extend monitoring of agricultural products even further down the value chain and ultimately verify claims made about their ingredients and sustainability practices. “.
Members of the agribusiness value chain, including farmers, manufacturers, distributors, processors and technology providers, can now join TraceHarvest and learn more about how blockchain technology can meet their business needs by visiting www.blockapps.net/ traceharvest /.
About BlockApps
BlockApps is the leading provider of blockchain technology for corporate networks. Our platform, BlockApps STRATO, powers industrial networks in the energy, finance, agriculture, live events, travel and much more. Founded in 2015, BlockApps has created several industry innovations including the launch of Blockchain as a Service with Microsoft, founding the Enterprise Ethereum Alliance (the world’s largest open standards blockchain organization) and being the first blockchain company to partner with all of them. the main cloud platforms (Azure, Amazon Web Services, Google Cloud Platform). For more information, please visit and contact us at www.blockapps.net or find us on social media through LinkedIn, YouTube and Twitter.
About Bayer
Bayer is a global enterprise with key competencies in the life sciences sectors of health care and nutrition. Its products and services are designed to benefit people by supporting efforts to overcome the major challenges presented by a growing and aging global population. At the same time, the Group aims to increase its earning capacity and create value through innovation and growth. Bayer is committed to the principles of sustainable development and the Bayer brand is synonymous with trust, reliability and quality around the world. In fiscal 2019, the Group employed around 104,000 people and recorded a turnover of 43.5 billion euros. Capital expenditure amounted to € 2.9 billion, research and development expenditure to € 5.3 billion. For more information, visit www.bayer.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201118005662/en/
Contacts
Contact BlockApps:
Justin Ordman, phone +1 857-217-2912
[email protected]
Bayer contact:
Carly Expired, phone +1 314-439-6978
[email protected]
[ad_2]Source link
