BlockApps launches Ethereum-based network Agritech with Bayer
The new Ethereum-based network aims to track the life cycle of agricultural products and has also gained the pharmaceutical giant Bayer as a user.
On November 18, BlockApps, the block chain solution provider, launched a block chain-based network for tracing agricultural products called „TraceHarvest“. The pharmaceutical group Bayer is among the first users.
With TraceHarvest, users can trace the life cycle of agricultural products from Profit Revolution the source of the seed to the definition of the parties‘ responsibilities in the supply chain. The platform also offers users real-time information. Ideally, this will help to solve problems related to the manual tracing of agricultural products.
TraceHarvest is open to all participants in the supply chain, such as farmers, traders, manufacturers, distributors and technology providers. The platform should also enable farmers to develop new markets and generate additional income.
In addition to crop tracing, the platform can also be used for environmental and consumer protection
For example, for CO2 compensation credits and food safety recalls. The company also hopes that the data on the platform can be used by researchers to make the food supply chain more sustainable.
BlockApps worked on this project with Bayer Crop Science, a subdivision of the German pharmaceutical giant Bayer. Bayer helped develop the network and has been using it for two years in the United States and Brazil to track soybean and corn harvests and various other products.
Kieren James-Lubin, President and CEO of BlockApps, said of the launch: „Blockchain technology is already revolutionising agriculture. Thanks to our partnership with Bayer we are pioneers in this field. Together we have succeeded in making this concept a reality. ”
Recently, many countries and companies have also started to use block-chain in crop supply chains. In October, leading global agricultural companies from the United States, France, China and the Netherlands formed a joint venture to use block chain technology to streamline logistics processes in Brazilian agriculture.
Steven Marshall, the Prime Minister of South Australia, launched a block chain project called Entrust in September. It aims to protect the wine and dairy industry from counterfeit fraud in global markets and to achieve greater efficiency in all agricultural sectors.