Where Agriculture and Blockchain Could Meet

Blockchain technology has several uses in the agriculture industry:

Documentation for certifications. One of the most aligned applications is providing documentation and authentication of records for crop or livestock certifications. For crop certifications, the use of a blockchain allows for real-time collection of information linked to a field, by the acre or any identified area of land. For example, the blockchain allows a producer to track a crop from seed to sale using information many producers are already collecting.

When planting, the producer can enter the brand, strain, supplier and date upon which planting took place. This would be the first block for that year’s production chart for a given field. Each application of water, fertilizer, herbicide, or pesticide can be recorded along with the volume per acre. This blockchain could further be extended through processing and manufacturing of food products using the produced crops so that a food product manufacturer can demonstrate to consumers that their products meet the certification requirements from field to table.

The blockchain can be connected directly to field computers and sensors so the producer can populate data blocks automatically with little effort. Thus, at the end of each growing season, or historically over a certain period of time, the producer can demonstrate compliance with the standard practices to obtain certification through the blockchain. Because the data in a blockchain is collected in real-time, there is less chance of missing a component required for certification, lag time in preparing documentation is eliminated, and the certification process is less arduous on the producer. Accordingly, carrying out the certification process using the blockchain results in a much more streamlined and less burdensome process, and in many cases certification could even be automated.

Collection and monetization of collected data. Another groundbreaking application of blockchain is collection, securing, and potential monetization of data collected by a producer. In essence, think of each block of your data like a library book and the blockchain like a library building. The technology allows the originator of the data to control who enters the library and tracks who “checks out” your data.

By securing your production and field condition data in the blockchain, you can control who gets to access your data, what portions of the data they get to use and set terms on how they can use the data. This puts control back into the hands of the producers whose actions, fields, and equipment create the data. As such, the data owner may allow others to access and use the data for a license fee, thus creating an additional revenue stream for the producers.

Smart contracts. Another promising application of blockchain technology is the implementation of smart contracts. A smart contract is a contractual relationship in which one or more contractual requirements is self-executing. Because blockchain platforms can incorporate computational logic, smart contracts — which define a contractual relationship — can also include self-executing commands to automate the performance of certain contractual obligations when the blockchain recognizes certain conditions are present. For example, in sourcing fertilizer for a field of crops, the ordering of an application of fertilizer can be automated based upon the sensor readings in the field, and the subsequent payment for the fertilizer can be automatically initiated upon confirming delivery of the fertilizer at the field.

Leave a Reply

Data Management Stories
Texas-and-Oklahoma-Panhandles-Google-Earth
Data ManagementAgriculture Impacts Weather: The Case for Connected Ecosystems
February 15, 2018
It’s fascinating to see how modern technology has helped us increase our agricultural productivity in areas not otherwise suited for Read More
Norris planter
Data ManagementBig Data is a Chicken-or-Egg Scenario on the Farm
February 1, 2018
According to McKinsey, the agricultural sector is the least digitized industry in the U.S., writes Tony Baer on ZDNet.com. Yet, Read More
Business Management2018 Retail Precision Ag Programs: At-A-Glance
February 1, 2018
Deep in the midst off December downtime, we reached out to three retailers well-versed in running a grower-facing precision ag Read More
Data ManagementClimate Corp. Announces CNH Data Sharing Partnership
February 1, 2018
CNH Industrial and The Climate Corporation announced today a new partnership that will extend and develop a portfolio of data Read More
Trending Articles
India-Farm-Irrigation
AsiaCloud-based Irrigation Could Double India’s Crop Yield and Halve Water Use
February 12, 2018
A cloud-based, micro-irrigation system tested on a farm in India has cut water use by up to 80%  and doubled Read More
Tools & Smart EquipmentAutonomous Tractors Could Work in Wetter Conditions than Traditional Tractors
February 8, 2018
March 20th is the first day of spring, making spring much closer than even I expected. On the farm I Read More
AmericasPrecision Farming Companies to Watch in 2018 (OPINION)
January 17, 2018
My friends, as many of you told me repeatedly throughout the last 12 months, 2017 was an interesting year in Read More
John-Deere-Cab-GPS
Data ManagementPrecision Ag Hardware and Software: A Little Off-Season Maintenance Goes A Long Way
January 11, 2018
All service technicians have heard this line. Most often when spring makes its anticipated return to our lives. It is Read More
Anez-Consulting-Paul-Anez-and-Michael-Dunn
Service ProvidersAnez Consulting: Focus On Fertility
January 9, 2018
Central Minnesota features variability aplenty when it comes to soil characteristics and topography, from flat, black expanses rich in organic Read More
Agrishow2017
Americas5 Best Ag Tech Shows in Brazil
January 8, 2018
Brazil continues to demonstrate its potential in agriculture. Several international companies are investing in our country because we have a Read More
Latest News
Harvested-Corn-Field-Clouds
Industry NewsUnderstory Patents Solid State Weather Sensor
February 16, 2018
Understory today announced that it received a patent for its mechanical strain-based weather sensor, a key component in its weather Read More
Retailer Grower
Business ManagementAgriculture and Technology: Industry Progress Lies in C…
February 16, 2018
Water is essential for agriculture. While this may seem obvious, nowhere is it more apparent than the Sonoran Desert of Read More
Agtegra_SDSU
Industry NewsAgtegra Cooperative Pledges $500,000 to SDSU Precision …
February 15, 2018
Agtegra Cooperative, Aberdeen, SD, today in Pierre announced a $500,000 donation to South Dakota State University for the Precision Agriculture Read More
Ag Retailer and Grower WinField United
Business ManagementThe Importance of Teamwork for Successful Precision Ag …
February 15, 2018
Interdependency is defined as the quality or condition of being mutually reliant on each other. I’m not a huge sports Read More
Texas-and-Oklahoma-Panhandles-Google-Earth
Data ManagementAgriculture Impacts Weather: The Case for Connected Eco…
February 15, 2018
It’s fascinating to see how modern technology has helped us increase our agricultural productivity in areas not otherwise suited for Read More
Adapt-N VRT
Decision Support SoftwareDTN Partners with Adapt-N to Provide Weather and Nitrog…
February 14, 2018
DTN has announced a partnership today at the National Farm Machinery Show with Agronomic Technology Corp (ATC), a Yara International Read More
Corn close up
Imagery/SensingSyngenta Acquires Satellite Imagery Provider FarmShots
February 14, 2018
Syngenta has acquired FarmShots, Inc., a North Carolina-based innovator of high-resolution satellite imagery that detects plant health by analyzing absorbed Read More
Pexels-Agriculture_Fields_Tractor_Precision_AG
Tools & Smart EquipmentMachine Learning: The Secret Sauce of Precision Agricul…
February 13, 2018
With the development of agricultural technologies, crop and plant diseases have been advancing as well, causing degradation of both quality Read More
Farmers Edge Truck
Africa/Middle EastFarmers Edge Aligns with PartnerRE to Streamline Crop I…
February 13, 2018
Today Winnipeg-based FMIS giant Farmers Edge announced a partnership around crop insurance with Zurich-based PartnerRE. Although a bit short on Read More
Robotics Specialty Crops
AmericasHortau, Agrian Announce Strategic Partnership
February 12, 2018
Hortau today announced a strategic partnership with Agrian Inc. to deliver an expansive precision irrigation service for commercial agriculture. “With Read More
India-Farm-Irrigation
AsiaCloud-based Irrigation Could Double India’s Crop Yield …
February 12, 2018
A cloud-based, micro-irrigation system tested on a farm in India has cut water use by up to 80%  and doubled Read More
Forbes Mixing Bowl NYC
EventsInnovative Forum Geared to Let Food, Farming, and Tech …
February 9, 2018
Industry innovators in agriculture, food, and information technology are set to mix it up again at this year’s Forbes Mixing Read More
Tools & Smart EquipmentAutonomous Tractors Could Work in Wetter Conditions tha…
February 8, 2018
March 20th is the first day of spring, making spring much closer than even I expected. On the farm I Read More
corn weather
Industry NewsSciFi in Ag: Stanford Cooling Project Could Drive Energ…
February 7, 2018
(Article Notes: This monthly column takes some crazy sounding ideas and applies them to the field of Ag Tech. The Read More
Industry NewsAgGateway Debuts ADAPT ISO Plugin Version 2.0
February 6, 2018
AgGateway’s ADAPT Framework, which is designed to make it easy for various hardware and software systems that growers use in Read More
Roger-DuMond-and-Brandon-Butz-Kova-Fertilizer
Systems ManagementThere’s No Easy Button For Value in Variable-Rate Nutri…
February 6, 2018
Roger Dumond has weathered the ups and downs of precision agriculture programs as much as anybody who’s been riding that Read More
Farmer-Soybean-field
Business ManagementFeel Something is Missing in Precision Agriculture? Ans…
February 5, 2018
I’ve seen a lot of ideas and met a lot of people in the agtech world. There have been great Read More
HomeSST Software to be Acquired by Proagrica
February 5, 2018
UPDATED 2.5.18, 2:10 PM Proagrica has signed an agreement to acquire 100% of SST Software, including Raven’s ownership stake. Based Read More