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
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