Most of the early invention of block-chain in agriculture represents one of the technologies with the most promise to provide more consistency in wide areas of the agricultural industry. It makes bitcoin possible, can also be used in a variety of different ways including in agricultural supply chains. Whether it is applied to managing warehouses, silos, and supply chains more intelligently, or utilized in the field as a tool to transmit real-time data about crops and livestock.
While most people know the blockchain for its application in cryptocurrency finance, the agricultural world is beginning to get to know this innovative new technology in another capacity. It can be used for resource management, like tracking machinery maintenance records or for tracking other sensors, equipment and crops from planting to harvest to storage to delivery. The upside for large operations is a secure, immutable ledger that ensures you never lose a load. The status of all your crops is available in real time.”
Indian farmers are also utilizing this decentralized ledger on the blockchain. International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) has given a blockchain platform namely Eleven01 and mobile-based agricultural solutions provider – KHETHINEXT to the farmers. This will implement the deep technology for increasing productivity and incomes of small farmers in India. This can have implications on both the input and output supply chains. .“The idea is to deliver traceability to farmers, consumers and other agriculture value chain actors by automating trust through distributed ledger technology,” Mr Ramkiran Dhulipala, leader of the ihub, ICRISAT said in a conference.
Recently invented blockchain technology provides more seamless communication regarding what needs to be done, whether that means harvesting crops, making storage-related adjustments, ordering new equipment, or otherwise. But farmers must be proactive in monitoring their crop storage techniques. They should ensure about CO2 concentration remains below 600 parts per million to prevent mold growth and infestation.