Blockchain in agriculture Blockchain in agriculture

Blockchain in agriculture is currently over $41mln and forecast to reach $195.3mln in 2023, rising to $1.4bn by 2028. Source

from 7 days to 2.2 seconds from 7 days to 2.2 seconds

Using blockchain, Walmart reduced time taken to trace a mango from shelf to farm from 7 days to 2.2 seconds. Source


Key challenges for the agriculture industry

Currently, the agriculture industry struggles to reduce food waste, improve traceability throughout its supply chain, and manage rapid payments across organizations, sectors, and jurisdictions. Transportation of foods with short shelf lives, food fraud, and agricultural subsidy management and oversight present additional challenges.

Food waste

Roughly one-third of all food produced is wasted, with approximately 75% of waste occurring before it reaches the consumer.

Food traceability

Consumers want to know where their food comes from, while retailers want to be sure of what they’re selling.

Food fraud

Food fraud costs the global agriculture industry $10bn — $15bn annually and affects up to 10% of all food.

Supply chain tracking

Organizations struggle to ascertain where each item is in the supply chain, how it is being treated, and where it comes from.

Payments processing

Cross-border payments can involve fees as high as 12% and processing times of seven days or more, stifling international food trade.

Agricultural subsidy management

For governments, agricultural subsidy management balances the books; for farmers, it’s vital.
Internet-of-Crops Internet-of-Crops

Blockchain-based
Internet-of-Crops platform for logistics, supply chain, and IoT

OpenLedger implemented blockchain technology in Centaur AG’s IoT-based solution for tracking the provenance of cereal supply chains.

The solution uses IoT sensors for monitoring current temperatures, moisture, oxygen level, and other condition data of stored crops. The data from the sensors is then recorded on a blockchain, which guarantees traceability, fast processing, and secure data storage.

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Blockchain in agriculture: applications

Blockchain can address agriculture’s most persistent and severe challenges, delivering satisfactory solutions to long-standing difficulties as well as providing scope for entirely new improvements in efficiency across farms and supply chains.

Farm-to-shelf traceability

Blockchain lets users trace food items back through the supply chain to production, establishing trust and veracity for retailers and consumers.

Supply chain monitoring

Each stage of supply can be monitored and recorded, with sensor data indicating storage and transportation status accessible remotely.

Payments processing

Payments can be processed on-chain through tokenization, resulting in instant transactions with dramatically-reduced fees.

Farm inventory oversight

Farmers can use blockchain to manage storage and processing after harvest, reducing food waste and losses — 34% of which occurs before food leaves the farm.

Farm management modernization

Farm production efficiency can be raised using modern farm management techniques; blockchain can make these available to farms of all sizes, instantly and securely.

AgTech and IoT implementation

Integrated IoT-enabled farming with smart vehicles, harvesting, and storage taking place on a single secure platform can only be achieved through blockchain.

Tracing agricultural supply chains with blockchain

From farm to table — distributed ledger technology ensures traceable product origins with immutable provenance data of supplies.
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Agriculture companies that use blockchain

Ripe.io blockchain platform for tracking food origins attracted investments from the shipping giant Maersk

Walmart is using IBM’s Food Trust Solution to tackle fraud by providing provenance and traceability through blockchain

EVRYTHING, an IoT platform for consumer product brands, trialed the OriginTrail production verification protocol

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Blockchain opportunities for agriculture

In addition to solving extant problems that plague the agriculture industry, blockchain technology can offer new advantages and allow companies to deliver entirely original services and products that were previously impossible.

Community- supported agriculture

Blockchain could allow sensor-based crop quality tracking and the ability to reward volunteer labor directly through tokens.

Incentivizing sustainability

Blockchain could permit direct incentivization by government, NGOs, and even individuals to reduce agricultural pollution.

Direct distributed supply

Consumers can purchase directly from microfarms and small farmers worldwide, incurring only shipping costs without distribution and retail.

Improve your agricultural productivity with OpenLedger

OpenLedger has deep and extensive experience in crafting a range of blockchain solutions for agricultural clients. Our team can help you identify opportunities and deploy the most appropriate blockchain solution to benefit your agricultural business.

  • Enhance supply chain transparency and verifiability
  • Facilitate IoT in agriculture with secure and accessible data processing and storage
  • Accelerate payments and processing
  • Implement advanced farming management, retail, and investment solutions

Explore blockchain solutions for:

Supply chain

Supply chain

If you’re interested in the full range of blockchain solutions for supply chains, we have the experience and expertise to deliver.

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IoT

IoT

OpenLedger delivers innovative solutions combining IoT with encrypted, immutable, auditable blockchains.

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Logistics

Logistics

Improve your logistics processes with blockchain technology to gain competitive advantage and reduce operational costs.

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Healthcare

Healthcare

Use blockchain technology for better privacy protection, efficient data exchange, and secure patient data control in healthcare.

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Real estate

Real estate

Explore the benefits of blockchain in real estate, including data management and financial processing optimization.

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Insurance

Insurance

Transform your key processes and leverage the potential of blockchain in insurance industry.

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Automotive

Automotive

Whether it's ride-sharing, manufacturing, vehicle tracking, automotive interactions, blockchain can power your business.

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Retail

Retail

Build consumer trust, improve supply chain manageability, protect against counterfeit goods with blockchain for retail.

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Education

Education

OpenLedger brings a team of experienced blockchain developers and creates custom solutions for education projects.

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Charity

Charity

Build trust with donors, recipients and other stakeholders, ensure that aid reaches the right people, and improve administration costs.

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Legal

Legal

Automate the execution of agreements, provide a secure and maintainable database for documents.

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Why work with us

Extensive expertise

You’ll get access to the expertise both of our own blockchain products and of successfully implemented custom solutions

Extensive expertise

Cutting-edge solutions

The OpenLedger team is pioneering the frontiers of blockchain tech and employing it to drive your company’s success.

Cutting-edge solutions

Highly-skilled dev team

All our tech solutions are built by the in-house cross-functional team. The strongest blockchain specialists on the market will be working on your project

Highly-skilled dev team

Profound R&D

OpenLedger’s outstanding R&D department deeply researches unique ways of improving your products and services, so we can implement them together.

Profound R&D

We’d love to show how blockchain can help your agricultural business:

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