Project Description

Benefits of Blockchain and Agriculture

Peggy says blockchain is a continuously growing list of linked, secured records called blocks that contain transactional data, and it can benefit agriculture in several ways including traceability and supply-chain visibility. She talks about the first agricultural commodity trade using a blockchain platform, explaining it was used to execute a soybean shipment transaction and that the blockchain prototype digitized the process and demonstrated significant efficiency improvements. She says there is good reason for everyone to be talking about blockchain, especially in agriculture.