Concerns about blockchain in farming or agriculture
Since blockchains rely on controls set by private organisations, it is easy for erroneous people to manipulate them to their own advantage. Unsurprisingly, privately-owned blockchains are less secure and easier to tamper with. Furthermore, small-scale farmers who do not have the required size, technological know-how and scale to apply blockchain technologies may be left behind. There are also concerns that blockchain technologies can be misused or abused and culminate in undermining food security.
SABIC launches blockchain pilot project
Saudi Primary Industries Company (SABIC), a Saudi Arabian chemical substances producer, recently launched a blockchain pilot venture together with the expertise agency, Finboot – with the objective to examine the determine how blockchain technology is able to offer end-to-end digital traceability of feedstock. The current technique of tracing the journey of feedstock is made arduous by the complexity in the petrochemical and chemical industry supply chains. SABIC’s blockchain pilot believes it will be possible to reduce prices and time, enhance knowledge integration, reduce administrative efforts associated with the certification technique of supplies. Finboot’s ‘MARCO’ software program will track the product from where it is produced to SABIC who convert the base product into its round polymers. The supply of round polymers to Intraplás, a manufacturer of plastic laminated goods and packages for the food industry, for conversion into its packaging options will then also be able to be tracked.
Ucrop.it
Ucrop.it is an Argentina-based ‘agri tech’ company that tracks farmers’ sustainable practices on its blockchain-enabled platform. It creates ‘Crop Story,’ a blockchain-recorded data and information record that traces the farmers’ sustainable practices and helps them leverage their sustainability performance to access credit facilities from lenders. Ucrop has raised $3.1 million and is using blockchain to solve the differentiation between conventional commodity crops and climate-smart ones in an efficient, decentralised, digital and scalable way.
Vertical farming is a means of advancing the controlled environment of a modern commercial greenhouse. Through stacking plants vertically on shelves or tall pillars, vertical farming enables 10 times the yield for a given land area. Plants are grown in a completely enclosed environment, with LED lights instead of sunshine and closed-loop water recycling. A vertical farm can fit the equivalent of 250 hectares of farmland into a building the size of a large supermarket and, by utilising the artificial day length and season, it can produce crops all year round. In vertical farming, automation, data, sensors and other technologies are essential to its success and hence this type of farming may even have more use for blockchain as a result.
Relevant here is that blockchain’s tracking ownership records and tampering prevention functions can be used to solve the pressing challenges in the current food system. Integration of the two (blockchain and vertical farming) would undoubtedly help to improve the agriculture industry and livelihood of millions around the world. The pairing of vertical farms and blockchain is to apply the distinctiveness of the decentralised structure of the blockchain to ensure proven products and production practices, thereby enabling a transparent marketplace for high-end products. Most critically, the right pricing will also balance market pricing for vertical farms while creating a healthy ecosystem.
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