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Blockchain technology can be a game-changer for the agriculture industry. Blockchain technology in agriculture improves food safety by allowing information to be traced throughout the agricultural supply chain. Blockchain's ability to store and manage data enables traceability, which is used to aid in the development and implementation of intelligent farming and index-based crop insurance systems.
Blockchain can enhance agribusiness by providing supply chain transparency, traceability, smart contracts, payment systems, and quality control. It requires collaboration among stakeholders to improve efficiency, transparency, and food safety. By using blockchain, farmers, and producers can ensure that their products are genuine, safe, and sustainably produced. Additionally, blockchain facilitates payments between farmers and suppliers, reducing the need for intermediaries and ensuring fair prices. The applications of blockchain in agriculture include smart farming, food supply chain, agricultural insurance, transactions of agricultural products, etc. The top 10 companies using Blockchain technologies in agriculture in 2023 are given below:
AgriDigital is an Australian-based company that provides blockchain solutions for agriculture supply chains. Their platform enables farmers to manage their supply chains, from planting to harvesting, by digitizing the process and providing real-time tracking of inventory, pricing, and logistics. They also offer a blockchain-based platform for grain trading, which eliminates the need for intermediaries and reduces the risk of fraud.
IBM Food Trust is a blockchain-based platform for food supply chains, which enables farmers, producers, distributors, and retailers to track the journey of food products from farm to table. The platform is designed to improve food safety, reduce waste, and promote sustainability by providing transparency and traceability in the supply chain. IBM Food Trust is used by several major food companies, including Walmart, Nestle, and Unilever.
A UK social enterprise project supporting farmers in tracing food origins, getting easier access to financing, and storing transaction data. Their platform enables smallholder farmers in developing countries to access new markets and receive fair prices for their produce. AgriLedger uses blockchain technology to record data on the supply chain, providing transparency and reducing the risk of fraud
TE-FOOD is a blockchain-based platform that enables farmers and producers to track their products throughout the supply chain. The platform uses blockchain technology and IoT devices to provide real-time tracking of inventory, pricing, and logistics, which enables farmers to optimize their production processes and improve their profitability. TE-FOOD is used by several major food companies, including Auchan and Big C.
Ripe.IO is a blockchain-based platform that enables farmers and producers to track their products throughout the supply chain. The platform uses sensors and IoT devices to collect data on the quality and condition of the products, which is then recorded on the blockchain. This enables farmers to optimize their production processes and ensure that their products are of the highest quality.
Demeter is a blockchain-based company providing transparency and traceability in agriculture. Their platform enables farmers, producers, and retailers to track products from planting to distribution, promoting sustainable practices, and improving food safety. Demeter uses blockchain technology and IoT devices to record data on product quality and conditions for optimized production processes.
A blockchain company focusing on enabling peer-to-peer agricultural transactions and processing while cutting out the middlemen. Their platform enables farmers and producers to track their products throughout the supply chain, from planting to distribution, promoting sustainability and improving food safety. Agrichain uses blockchain technology to ensure the accuracy and security of data.
Ambrosus is a blockchain-based platform that provides transparency and traceability in the food supply chain. The platform uses blockchain technology and IoT devices to track the journey of products from farm to table, ensuring that they are produced sustainably and ethically. Ambrosus is used by several major food companies, including Nestle and Swiss Food Research.
GrainChain is a blockchain-based platform for the agriculture industry that enables farmers and producers to track their products throughout the supply chain. The platform provides real-time tracking of inventory, pricing, and logistics, which enables farmers to optimize their production processes and improve their profitability. GrainChain is used by several major food companies, including Walmart, Kellogg's, and Cargill.
A blockchain startup offering crop insurance to farmers via its decentralized insurance applications. Etherisc uses blockchain technology to ensure transparency and security in the insurance process, and to automate claims payments, making insurance more accessible and efficient for farmers.
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