In part 1 of our Blockchain series, I discussed the concept of Blockchain and how it can impact the agricultural industry. I highlighted reputable resources, possible points where Blockchain can positively change, and how it can build trust in all market participants from beginning to end. I also compared Blockchain to BitCoin, emphasizing on their similarities, and why it is the next big thing in the agricultural industry. I also discussed the advantages farmers will reap from it and how a Blockchain system can affect our current supply chain.

 

In this episode, I’ll explain other potential applications of Blockchain as well as some of its current limitations and scenarios where applying a Blockchain system helps improve the system for everyone involved in terms accountability and data accuracy. I’ll also explain how Blockchain can help farmers focus on farming instead of other time-consuming transactions.

 

  “Enough people need to adopt Blockchain, to where it could be an effective use to the supply chain.”– Tim Hammerich

  This Week on The Future of Agriculture Podcast: 

• Limitations and challenges with Blockchain.
• Additional applications and opportunities for Blockchain.
• What needs to be built to utilize Blockchain's full potential?
• How it can create a more efficient transaction between clients and suppliers.
• The potential benefits of Blockchain to logistics.

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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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