Just lately, academic-led information website The Dialog claimed that “blockchain may change the game for food producers across the globe”. The piece explored the advantages the expertise brings in the case of information transparency, safety and traceability – all of that are necessary for socially and sustainably aware resolution making.
Whereas it can’t be denied that the agriculture business is going through some vital challenges, together with provide chain inefficiencies, meals safety and distrust, we ought to be cautious the place we search for solutions. Particularly when a possible resolution is one thing perceived as new and glossy.
Whereas it affords some clear advantages if you end up organising a cryptocurrency, Blockchain, sadly, just isn’t the panacea to all of the business’s woes. Let’s even be clear that blockchain in agriculture is an answer on the lookout for an utility – as such, it might be unwise to leap on the bandwagon simply because the expertise is in vogue elsewhere.
The ag sector has by no means been afraid to embrace technological innovation. Agriculture 4.0 brings with it precision agriculture, the web of issues and the widespread use of huge information, amongst different issues. In truth, it might be argued that ag is among the most forward-thinking industries. It has been fast to adapt to main challenges that different sectors have struggled with in current months, and that’s right down to its willingness to be agile and open-minded.
Have to be pragmatic
Blockchain has been mooted as a part of this Agriculture 4.0 cohort of applied sciences and whereas there are some areas the place it will probably play a job, we nonetheless must be pragmatic. Know-how usually lulls us right into a false sense of safety, into pondering that “every little thing is feasible” fairly than an necessary “one thing”. Earlier than implementing blockchain ask your self these questions:
Can you employ blockchain to attain this finish?
Must you use blockchain to attain this finish?
As a rule, the reply to the second query can be “in all probability not”. There are going to be simpler methods to attain the identical consequence as information sharing and collaboration change into more and more embedded throughout our business. Having immutable information shops is prone to be extra of a hindrance than a assist, particularly once we ought to be trying to be extra versatile, not much less.
All of us need a smarter, extra environment friendly business that makes full use of huge information and new applied sciences that can profit the entire provide chain. Is blockchain a kind of new applied sciences? Definitely.
However it can’t be the one one.
Graeme McCracken, CEO of Proagrica
Proagrica, a part of RELX Group, is a worldwide supplier of impartial connectivity and data-driven help options for the agriculture and animal well being industries.
It delivers actionable intelligence to drive enterprise progress throughout the worth chain. Proagrica’s superior services join and empower business contributors to handle their key wants round buying and selling, productiveness and compliance.
Proagrica’s options are constructed round the important thing competences of information connectivity and information analytics delivering seamless provide chain administration, buyer perception and engagement, important for companies trying to enhance their worth providing and broaden within the trendy market.