Do you know about the benefits of implementing Blockchain technology in the agri-food sector?

The new promising technology has started to be used way beyond its initial purpose in cryptocurrency. The technology’s capacity to keep, validate and share big amounts of data could change the process making for many industries. Blockchain technology use in the agricultural sector plays an important role in improving food traceability, supply chain management, and payment options.

How Blockchain could change the agri-business sector?

· By improving quality control and food safety for consumers;

· Trough traceability in the supply chain;

· By optimizing the supply chain;

· Through increased efficiency for farmers.

The potential that Blockchain technology has on the way agri-food processes are conducted is huge. Through the transparency it brings to the process, blockchain technology can help increase trust between the parties, facilitate the exchange of information in the supply chain and reduce the costs of agricultural transactions.