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.
What does it take for the blockchain and distributed ledger technology to express its full value? There are many factors that contribute to the growth of blockchain phenomenon, with four of the contributions and analyses that are the most effective.
Some Italian companies that produce agrifood are starting to use innovative technologies especially blockchain to track the transformation of sustenance. The distributed ledger technology (DLT) will help to improve safety within the food industry.
Blockchain technology is already known to the Sardinian agribusiness. The law proposal presented by the M5S regional councilor Alessandro Solinas, aimed at creating a multifunctional regional IT platform able to reconstruct and follow the path of food through all stages of production in Italy, is an ambitious and great potential goal from the farm to the fork.
The Deputy of Five Star Movement (M5S), Jose Marano, brought a proposal to create complete traceability of Sicilian food products inside and outside Italy through Blockchain and distributed ledger technology (DLT).
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.
After more than a decade of blockchain being used only for Bitcoins (BTC) and other cryptocurrencies, Italy has finally realized that it can have countless applications. Now, the country is actively developing the technology-based solutions for agrifood suppply chain.