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

2 comments on “Where Agriculture and Blockchain Could Meet

Data Management Stories
Data ManagementInfoAg News: Farmobile Launches DataEngine, Streamlines DataStore Buyer Process
July 17, 2018
Busy times these days out in Overland Park Leawood, KS, for ag data startup Farmobile, as they continue to – Read More
Farmer-Tablet
Data ManagementAgriculture’s Next Breakthrough: New Technologies Are Driving Efficiency, Data Insights
July 3, 2018
We live in an exciting time in agriculture. Not only is technology advancing rapidly, but the understanding and comprehension of Read More
Data ManagementThe Most Overlooked Asset in the Agtech Revolution
June 25, 2018
There is no doubt that advancements in genetics, precision agriculture, and innovative farming practices have all played an instrumental role Read More
Soil-Corn-plants-field
Data ManagementRemote Soil-Sensed Management Zones Help Increase Crop Input Efficiency
June 18, 2018
Accurate prescription maps are essential for effective variable rate technology (VRT) fertilizer application. Grid soil sampling is frequently used to Read More
Trending Articles
ISPA-Yoshua-Bengio
EventsHighlights from the 14th International Conference on Precision Agriculture
July 9, 2018
The 14th International Conference on Precision Agriculture (ICPA) presented by the International Society of Precision Agriculture (ISPA) was held in Montreal, Read More
Topcon X30 Console in cab
EventsAssociation Seeks Definitive Definition of “Precision Agriculture” — What’s Your Vote?
July 2, 2018
More than two-dozen definitions of precision agriculture have been identified through the years — but which is the best and Read More
AmericasRaven Name to Grace New South Dakota State University Facility
June 27, 2018
According to a press release issued by the company, Raven Industries was recognized today in the naming of South Dakota Read More
dropcopter
DronesNew York Apple Orchard Claims World First in Pollination by Drone
June 18, 2018
Beak & Skiff Apple Orchard in LaFayette, NY, is the first orchard in the world to use drones to pollinate Read More
JDandPessl
Sensors/IoTJohn Deere, Pessl Instruments Team Up to Create Opportunities
June 18, 2018
John Deere is best known for its line of tractors, combines, sprayers, and implements. However, in an effort to help Read More
Matt-Waits-featured
Decision Support SoftwareSST’s Matt Waits: Innovative Data Solutions Key to Transforming Global Agriculture
May 31, 2018
Proagrica, part of RELX Group, earlier this year acquired U.S.-based precision agriculture solutions company, SST Software, in a move set Read More
Latest News
Tools & Smart EquipmentCanadian Planter Manufacturer Purchases Harvest Interna…
July 19, 2018
Seeding and planting technology innovator Clean Seed has signed an agreement to strategically acquire U.S. planting equipment manufacturer Harvest International, Read More
Data ManagementInfoAg News: Farmobile Launches DataEngine, Streamlines…
July 17, 2018
Busy times these days out in Overland Park Leawood, KS, for ag data startup Farmobile, as they continue to – Read More
Agrible
Grower Services & SolutionsNutrien Drops $63 Million to Acquire Agrible
July 16, 2018
Nutrien announced today that it has entered into a definitive agreement to acquire Agrible for total consideration of $63 million, Read More
Industry NewsFarmobile Acquires Prime Meridian, Taps Cubbage as New …
July 13, 2018
Farmobile today announced an agreement to acquire the assets of Prime Meridian, a precision agriculture data management company based in Read More
group-photo
DronesPrecision Agriculture Takes Flight at North Carolina St…
July 13, 2018
Take a walk into the Suggs Laboratory for Precision Agriculture and Machine Systems and it’s hard not to be impressed, Read More
Skeketee-IC-Weeder
DronesAutomated Weeders Have Arrived in Vegetable Fields
July 12, 2018
The vegetable production areas of the Central Coast of California have lifted vegetable cultivation to a high art, writes Richard Read More
AgJunction, InfoAg 2014, Autosteer, GPS
Industry NewsAgJunction Settles with Raven in Patent Infringement Su…
July 12, 2018
AgJunction Inc., a leader in advanced guidance and autosteering, has settled a patent infringement lawsuit it filed against Raven Industries, Read More
Retailer-Grower-tablet
Business ManagementTaking Measure of the Precision Agriculture Program: 6 …
July 12, 2018
In the overall agriculture market, the rhetoric surrounding emerging technology over the past half-decade has been nothing short of breathless. Read More
raven-slingshot-job-generator-job-sync-1
Industry NewsNew Raven Slingshot Advancements Will Help Save Time, R…
July 11, 2018
Raven Industries, Inc. has announced several new services available on the Slingshot and Viper 4 platforms: Job Generator and Job Read More
Onsite-logo
Industry NewsAgIntegrated Acquires Exclusive Licence to Satshot’s Im…
July 11, 2018
AgIntegrated, Inc. (AGI), a leader in precision ag data integration and software development, and Satshot, a leader and pioneer in Read More
Australian Harvest
Australia/New ZealandAustralian Agritech Plants Blockchain for Efficiency
July 11, 2018
“Agritech” at one time would have meant new equipment such as tractors and combine harvesters, but today it refers to Read More
Tomato-crop-India
AsiaIndia: Using Artificial Intelligence for the Good of Fa…
July 11, 2018
After graduating from IIT-Madras, the first thing that Vivek Rajkumar did was to buy four acres near Thiruvananthapuram and start Read More
BrightFarms
Industry NewsForbes List of Innovative Ag-Tech Companies Includes Gr…
July 9, 2018
Forbes magazine recently posted a list of the 25 most innovative ag-tech startups in 2018, which includes a few companies Read More
AmericasNutrien Ag Solutions Brand, New Digital Platform Launch…
July 9, 2018
Nutrien (formerly Crop Production Services) has officially rebranded its retail business to Nutrien Ag Solutions, aligning the company’s retail operations Read More
ISPA-Yoshua-Bengio
EventsHighlights from the 14th International Conference on Pr…
July 9, 2018
The 14th International Conference on Precision Agriculture (ICPA) presented by the International Society of Precision Agriculture (ISPA) was held in Montreal, Read More
TerrAvion
Industry NewsTerrAvion Integrates Aerial Imagery with John Deere Ope…
July 6, 2018
TerrAvion, Inc., a large volume provider of aerial imagery to agriculture, has announced an integration to allow TerrAvion’s aerial imagery Read More
Farmer-Tablet
Data ManagementAgriculture’s Next Breakthrough: New Technologies…
July 3, 2018
We live in an exciting time in agriculture. Not only is technology advancing rapidly, but the understanding and comprehension of Read More
Nebraska-Storm
Precision IrrigationNotes from the Field: A Look at Irrigation Management P…
July 2, 2018
One of the things I love most about my work is making periodic treks into the field – more often Read More