agriculture

IBM is seriously designing a blockchain proof-of-concept (PoC) for an agency of the U.S. Dept. of Agriculture (USDA) called the Food Safety and Inspection Service (FSIS), which will enable it to assess how distributed ledger technology (DLT) can fully enhance important regulation services especially export certification systems.

In Kenya, IBM is working to create a blockchain-based microfinance system aimed at food vendors. By tracking sales operations using mobile phone devices and using artificial intelligence to create a credit scoring system, the platform allows microfinance for minute commerce.

The East African region is increasingly proving itself as a real field of application for new technologies including cryptocurrency and blockchain, showing its wide range of implementation and potential. These include the application of distributed ledger technology (DLT) in the agrifood sector, particularly in the six countries of the East African Community (EAC) which includes Uganda, Kenya, Tanzania, Rwanda, Burundi and South Sudan.

The main focus of the work is how blockchain and other groundbreaking technologies will play an important role in the Italian digital transformation of agriculture, namely agriculture 4.0.

Blockchain-powered Agriculture 4.0 is advancing in Italy and now the Sicilian Red Orange PGI is protected against counterfeiting thanks to a 'hi-tech stamp' and a platform centered on distributed ledger tech (DLT) that can thus ensure the authenticity and integrity of the fruit in Italy and abroad.

Recently, the Minister of Agriculture in Italy, Teresa Bellanova, commented on innovative technologies such as cryptocurrencies, blockchain and distributed technology and their relevance to Agrifood products.

India’s second most populous state and third-largest state by area, Maharashtra, is considering adopting blockchain tech in many fields including vehicle registration, document management systems, agriculture marketing and supply chains. The state’s administration is working on a regulatory sandbox for experimenting blockchain and distributed ledger tech (DLT) solutions across different significant applications. It really wants to enhance the efficiency, speed and efficacy of their operations.

Blockchain technology will be applied to tracking the rice supply chain in Italy and this will help promote sustainable agriculture.

A lot of agricultural projects in Italy have difficulty accessing credit and lack technological skills. Help could come from startups and from blockchain technology which promises to significantly change the future.