On November 18, blockchain solutions provider BlockApps launched a blockchain-based crop tracking network called ‘TraceHarvest’ – and one of the world’s largest companies, Bayer, is among its early adopters.
TraceHarvest would offer users the possibility to trace the life cycle of agricultural products from the source of the seeds, to the definition of the responsibilities of each party involved in the supply chain. The platform also provides users with real-time information, ideally alleviating issues associated with manual crop monitoring.
TraceHarvest is open to all players in the supply chain such as farmers, dealers, manufacturers, distributors and technology providers, and also aims to provide farmers with the opportunity to access new markets and generate additional income.
In addition to crop monitoring, the platform can be used for environmental and consumer protection – for example, carbon offset credits and food safety reminders. Additionally, the company hopes that the data stored on the platform can be used by researchers to make the food supply chain more sustainable.
BlockApps collaborated with Bayer Crop Science on this project, a subdivision of German pharmaceutical giant Bayer. Bayer has helped develop the network and has used it for two years in customer-related operations in the United States and Brazil to monitor soybean and corn yields, as well as for several other crops.
BlockApps President and CEO Kieren James-Lubin said of the launch: “Blockchain technology is already revolutionizing the agriculture industry and, through our partnership with Bayer, we are pioneers in this area. Together, we have succeeded in making this concept a reality. “
Recently, many countries and companies have also adopted blockchain in crop-related supply chains. In October, leading agribusiness companies in the United States, France, China and the Netherlands launched a joint venture that will use blockchain technology to streamline logistics processes in the agriculture sector in Brazil.
Likewise, in September, Steven Marshall, Prime Minister of South Australia, launched a blockchain-based Entrust project with the primary aim of protecting the wine and dairy industries from bogus fraud in global markets and achieve efficiency savings in agricultural sectors.