Innovations in the agricultural industry come in many forms. From technological advances to improving farming practices, the world is slowly but surely guaranteeing safe and sustainable food sources for generations to come. But, what if we take that a step further? What if we have a system in place that enables traceability, security, improves food safety and gets everyone involved in making sure food quality is top notch? That is what the concept of Blockchain seeks to implement.

 

In this episode, Tim discusses the concept of Blockchain and why it’s one of the most ambitious, yet sensible approaches when it comes to advancing the agricultural industry. He lays down the facts, his sources, and why it’s not so different to how Bitcoin operates. He also explains how a typical Blockchain approach would work with our current supply chain.

 

  “Blockchain is a series of technologies that can build trust in our supply chain.”– Tim Hammerich

This Week on The Future of Agriculture Podcast: 

• What is Blockchain and how can it affect agricultural businesses?
• What information does it provide farmers?
• Can you trust Blockchain with sensitive data?
• The similarities between BitCoin and Blockchain
• The five areas in agriculture where Blockchain is currently being explored.
• The limitations of Blockchain?

Resources Mentioned:

• Future of Agriculture – Leveraging Data to Optimize Commodity Decisions with Mike Neal of DecisionNext
• Future of Agriculture - Disruptive Agricultural Technologies with Aidan Connolly, CIO of Alltech
• Blockchain Meets Agriculture: Supply Chain Transformation Possibilities
• How the blockchain will radically transform the economy

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The Future of Agriculture Podcast is now part of the Farm and Rural Ag Network. Listen to more ag-related podcasts by subscribing on iTunes or on the Farm and Rural Ag Network Website today. 

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