Blockchain Will Transform the Agriculture Industry

Traceability is key for helping small-scale farmers achieve big benefits, but will blockchain solutions catch on in developing countries? The global food and agriculture industry is a trillion-dollar sector that is growing exponentially. According to findings from the World Bank, agriculture alone accounted for 4% of global domestic product, or GDP, of the United States in 2018. The report further noted that agriculture could account for more than 25% of GDP in developing countries. Meanwhile, it’s important to point out that large corporate farms play a dominant role in the agriculture....

Who really understands what a blockchain is? Could you explain it to your mother? Chain CEO Adam Ludwin got down to fundamentals yesterday, as he explained his company’s intention to transform financial services by digitizing already-existing assets. Ludwin spoke on a Tuesday afternoon panel with at the Money 20/20 Conference in Las Vegas. Blockchains Transform Finance From the Bottom Up. Assets including U.S. dollars and Starbucks points could move on blockchains with greater efficiency and security, he said. “A blockchain is actually a new type of database,” he said, adding that it’s a....

Greg Medcraft, Chairman, Australian Securities and Investments Commission (ASIC) in a speech at Carnegie Mellon University underlined the importance of blockchain and how they can transform the capital market. In the speech, he cited four main points that he said, proved that blockchain has the capacity to help transform the capital market. Continuing in the same vein, the Chairman said that blockchain stands for efficiency and speed and has in it the potential to automate the financial system which will cut down the time duration that is needed for transactions. Secondly, he mentioned....

Bittunes has a simple approach to how the blockchain can transform the music industry. While other music oriented startups in the field remain very focused on technology driven solutions, Bittunes wants to initially focus on the problem: the way the music industry is today. "We have tried from the beginning to keep things as simple as possible," Bittunes managing director Simon Edhouse tells CCN. "This has been for a number of reasons. Ultimately we believe the challenge for adoption of 'new to market' systems like this is not so much a technical one but rather, it is related to developing....

While the agricultural sector is among the industries standing to benefit the most from blockchain tech, poor access to infrastructure has been holding the industry back. While the agricultural industry stands to reap enormous efficiency savings through the adoption of distributed ledger technologies, many farmers lack the digital infrastructure to support the integration of blockchain solutions.Speaking as part of Australian Blockchain Week on April 21, Bridie Ohlsson, the CEO of digital agricultural infrastructure provider Geora, discussed the challenges associated with fostering DLT....