In this section, you may find new materials that have been published on the topic of “Opportunities of blockchain for agriculture“, since the date of the event. We continually select major new publications and articles that add up to the policy points discussed in this briefing.
Shoppers buying Bumble Bee branded tuna later this year will be able to take advantage of blockchain technology to ensure the fish they are buying is fresh and from a sustainable source. As over-fishing and the knock-on effects it can have on ocean ecosystems becomes an increasing problem worldwide, consumers are growing more cautious than ever about where their food is coming from. Blockchain – the technology made famous by cryptocurrency Bitcoin but with potential to be used anywhere where ledgers are used in a supply chain – has been suggested as a possible solution to this problem. Now one of the largest producers of seafood has partnered with SAP to put this solution in the hands of consumers, who will be able to scan packaging in stores to be reassured that their produce reaches the standards they expect.
IBM today announced the global expansion of Watson Decision Platform for Agriculture, with AI technology tailored for new crops and specific regions to help feed a growing population. For the first time, IBM is providing a global agriculture solution that combines predictive technology with data from The Weather Company, an IBM Business, and IoT data to help give farmers around the world greater insights about planning, plowing, planting, spraying and harvesting. By 2050, the world will need to feed two billion more people without an increase of arable land. IBM is combining power weather data – including historical, current and forecast data and weather prediction models from The Weather Company – with crop models to help improve yield forecast accuracy, generate value, and increase both farm production and profitability. “As a farmer, the wild card is always weather. IBM overlays weather details with my own data and historical information to help me apply, verify, and make decisions,” said Roric Paulman, owner/operator of Paulman Farms in Southwest Nebraska. “For example, our farm is in a highly restricted water basin, so the ability to better anticipate rain not only saves me money but also helps me save precious natural resources.” New crop models include corn, wheat, soy, cotton, sorghum, barley, sugar cane and potato, with more coming soon. These models will now be available in the U.S., Canada, Mexico, and Brazil, as well as new markets across Europe, Africa and Australia.
Can Blockchain Technology Reduce Food Waste?
Blockchain Guru; 22/05/2019
We hear a great deal of discussion and debate around environmental issues and the subsequent effect on the climate. In fact, the top environmental concerns relate to air and water pollution. One of the causes of pollution is food waste. An interesting (but unfortunate) fact is that every year, 58% of all food produced in Canada is lost or wasted. It has a value of $49B and creates 56.6 million tons of CO2 emissions (Janus, 2019), almost equivalent to the Canadian oil sands, which produce 60 million tons of GHG (Oil Sands Magazine, 2019). One major source of this waste is that consumers and retailers throw away food near or just past its “best before” date, even though dating practices do not necessarily correlate to food safety (Janus, 2019). Blockchain technology has started to gain popularity among individual crypto miners as well as in the corporate world, which is eyeing technology because of its promises to bring more efficiency, immutability, and security to business operations. But can blockchain technology add any value to the not-for-profit causes? The primary question this article will try to answer is whether blockchain technology can help reduce food wastage, and, in turn, improve environmental conditions—and if so, how?
How retailers can benefit from blockchain
Retail Insights; 20/05/2019
Blockchain, also referred to as ‘distributed ledger technology’ (DLT), enables participants in a distributed network to each maintain a copy of an immutable ledger of transactions and allows transactions to be executed without the need for a third party. This means blockchain helps retailers to better track the origin of stock, gives them better control over what they sell and provides assurances for food safety, among other applications. Blockchain can also be useful for controlling supply chains as changes to data such as manufacturing dates and locations can be tracked. This could help eradicate the use of unreliable suppliers, poor quality ingredients and child labour.
New Profitable Report on Blockchain In Agriculture Market With Top Profiling Companies like IBM, Microsoft, SAP-SE, Ambrosus, Arc-net, OriginTrail, Ripe.io, VeChain, Provenance, ChainVine, AgriDigital, BlockGrain
Wire News Now; 20/05/2019
Blockchain technology is transforming the food and agriculture sectors by ornamental the decision-making capabilities of organizations. According to the FAO, every year about one-third of the food produced worldwide is wasted, which calls for a need to approximation and manage the actual supply and demand of food products so that these products reach the needy. These issues can be effortlessly and efficiently tackled by efficiently using the blockchain network. The blockchain market is predictable to grow, owing to the increase in the demand for supply chain transparency along the agriculture and food verticals. The Global Blockchain in Agriculture Market and Food Supply Chain Market is accounted by 2026 growing at a CAGR of +47% during the forecast period.
Blockchain pioneers want consumers to wake up and smell the coffee
The Irish Times; 16/05/2019
Moyee Coffee Ireland’s founders want to deliver transparency of its ethical supply chain. Killian Stokes and Shane Reilly had both experienced different countries of the coffee belt during their worldly travels before they met during postgraduate studies at UCD’s Innovation Academy. Reflecting on their experiences and the fact that 99.9 per cent of coffee is exported before roasting, they felt there was something they could do about that. Now, not only are they making an impact in the coffee industry, they are looking at blockchain to help consumers to do the same. “We started to explore ethical trade and coffee brands and we looked at whether we would be able to set something up. We came across this Dutch-Ethiopian collaboration, Moyee coffee,” says Stokes. The company supports farmers to roast their own coffee beans before export.
Blockchain Technology Presents Solutions To SMEs
Jamaica Gleaner; 15/05/2019
Small businesses are increasing in numbers and face many challenges, including access to capital, inefficient procedures and lack of information necessary to conduct business efficiently. Blockchain technology presents itself as a plausible solution to these challenges as it can assist small and medium-size enterprises (SMEs) in Jamaica and across the Caribbean to increase access to capital, as well as solve many of their inefficiency problems by reducing information asymmetry. Compete Caribbean and the London School of Economics (LSE) outline that blockchain has the potential to merge alternative information and reduce friction between transactions. This will allow these participants to increase their security on a platform that is accessible to everyone. Blockchain would substitute trust in humans with trust in mathematics, and if done without entry error can be more accurate. Blockchain technology can also reduce data vulnerability to manipulation and disjointedness processes.