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Of Hiroyuki Shinohara
Most of what we have heard about blockchain technology has been in the realm of cryptocurrencies like Bitcoin. But this new technology will have wide-ranging business applications, since peer-to-peer networks become more widespread.
Perhaps one of the most unexpected – and strongly impact – applications of the blockchain could be in agriculture. Getty
Smart contracts based on blockchain technology can eliminate the need for intermediaries. Energy networks could use that technology to increase IT security. And aerospace suppliers consider blockchain a potential investment to keep track of their supply lines and increase efficiency.
But perhaps one of the most unexpected – and strongly impact – applications of the blockchain could be in agriculture.
Blockchains could guarantee the quality of the vegetables
The blockchain is a by-product of Bitcoin, but its scope is infinite. Blockchain can have a significant impact in addition to the Internet and it is likely that the concept will be applied to all industries in the future. An example of this potential is quality assurance – a process that all businesses face.
An active example of the impact of blockchain technology on agriculture is the increased traceability of agricultural products. In Aya-cho, Higashi Morokata-gun, in the prefecture of Miyazaki, Japan, demonstration experiments are carried out using blockchain technology to ensure the quality of organic agricultural products. The recorded data includes who produced the product, the soil conditions, the nature of the pesticides and the production environment. This demonstrates the quality of the product. & nbsp; Even the agricultural experts are taking note of these products, which exchange almost double the market price due to the spotlight on them.
In the manufacturing industry, the traceability of the parties has made significant progress. The same can not be said for software, even though the role of software in terms of products and services will become more significant in the future. When this happens, companies must ensure software quality by revealing who wrote the program and how it was written. Blockchain should be an important part of this guarantee process.
Keep information in a virtual safe
In the coming years, the survival of a company will depend very much on the "amount of useful information" it has. An example is Uber, a car shipping service provider. They are a well-known business, but like any other, they are looking ahead into the future to see "how they can optimize the huge database of customers they own for their next business". Uber could simply completely change the logistics of the world by making use of "movement of people" data accumulated by their shipping service. Imagine the impact on Japanese business if leaders have reflected so deeply on the importance of their future data and technology.
From the introduction of IoT, the number of sensors for data collection and the amount of information gathered by them has increased dramatically. IoT technology becomes more capable from day to day. However, too many companies use a low-security system to manage high-value information. Japan is a developed country with a strong manufacturing base and is the only country able to create its own social infrastructure from the beginning to the end. If Japanese manufacturing companies were to transform their skills into data and store them in a trusted chain, this shift would create enormous value. The requests come from all over the world from those who want to analyze the data. Furthermore, the use of this data could lead to new innovations, like a refinement never seen before strong metals. Ultimately, to use this data, we must keep it in a safe. That safe is a blockchain.
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Of Hiroyuki Shinohara
Most of what we have heard about blockchain technology has been in the realm of cryptocurrencies like Bitcoin. But this new technology will have wide-ranging business applications, since peer-to-peer networks become more widespread.
Perhaps one of the most unexpected – and strongly impact – applications of the blockchain could be in agriculture. Getty
Smart contracts based on blockchain technology can eliminate the need for intermediaries. Energy networks could use that technology to increase IT security. And aerospace suppliers consider blockchain a potential investment to keep track of their supply lines and increase efficiency.
But perhaps one of the most unexpected – and strongly impact – applications of the blockchain could be in agriculture.
Blockchains could guarantee the quality of the vegetables
The blockchain is a by-product of Bitcoin, but its scope is infinite. Blockchain can have a significant impact in addition to the Internet and it is likely that the concept will be applied to all industries in the future. An example of this potential is quality assurance – a process that all businesses face.
An active example of the impact of blockchain technology on agriculture is the increased traceability of agricultural products. In Aya-cho, Higashi Morokata-gun, in the prefecture of Miyazaki, Japan, demonstration experiments are carried out using blockchain technology to ensure the quality of organic agricultural products. The recorded data includes who produced the product, the soil conditions, the nature of the pesticides and the production environment. This demonstrates the quality of the product. Even the agricultural experts are taking note of these products, which exchange almost double the market price due to the spotlight on them.
In the manufacturing industry, the traceability of the parties has made significant progress. The same can not be said for software, even though the role of software in terms of products and services will become more significant in the future. When this happens, companies must ensure software quality by revealing who wrote the program and how it was written. Blockchain should be an important part of this guarantee process.
Keep information in a virtual safe
In the coming years, the survival of a company will depend very much on the "amount of useful information" it has. An example is Uber, a car shipping service provider. They are a well-known business, but like any other, they are looking ahead into the future to see "how they can optimize the huge database of customers they own for their next business". Uber could simply completely change the logistics of the world by making use of "movement of people" data accumulated by their shipping service. Imagine the impact on Japanese business if leaders have reflected so deeply on the importance of their future data and technology.
From the introduction of IoT, the number of sensors for data collection and the amount of information gathered by them has increased dramatically. IoT technology becomes more capable from day to day. However, too many companies use a low-security system to manage high-value information. Japan is a developed country with a strong manufacturing base and is the only country able to create its own social infrastructure from the beginning to the end. If Japanese manufacturing companies were to transform their skills into data and store them in a trusted chain, this shift would create enormous value. The requests come from all over the world from those who want to analyze the data. Furthermore, the use of this data could lead to new innovations, like a refinement never seen before strong metals. Ultimately, to use this data, we must keep it in a safe. That safe is a blockchain.
