At the same time, a significant amount of food gets lost every day during farm activities. This happens while it is in storage or during transportation. As such, the food never reaches the retail stage. Blockchain in agriculture draws influence from millions of people going hungry. It becomes worse because huge loads of good food go to waste. Blockchain is a simple and easy-to-access technology. There’s potential to help innovators reduce instances of hungry people and food wastage.
According to traditional agriculture, farmers perform specific tasks based on set schedules. Processes like planting and harvesting work on a predetermined timetable. With such a mode of operation, there is little control over damage and waste. Precision farming changes this. It involves collecting real-time information and going further to get actionable information. The information serves to inform people what has to be done and when.
Experts in the global supply chain believe in precision agriculture. According to them, it is possible to transform the food industry. Transformation entails making it more efficient, less expensive, and increase sustainability. Precision agriculture uses the internet of things to gather many relevant sensor data. It then marries this to predictive analytics. This reduces risks and losses. It also ensures that more sustainable practices take place in the agricultural space. Some of the sensor data include soil moisture, growth of crops, and the levels of livestock. We can also manage irrigation equipment from a distance. This is possible by combining operational data with third-party insights.
Precision agriculture calls for increased efficiency within the food supply chain. By taking advantage of current technology, we can elevate transparency. We can also enhance accountability levels within the food and supply chain industries. In so doing we would have eliminated hunger-related suffering for millions of people.
The main goal of precision agriculture is developing, strengthening, and promoting food innovation. To this end, leading startups have begun working alongside leading global companies to develop strategic platforms. Part of their initiatives is developing protein alternatives for precision nutrition.
Precision agriculture is an enabler for improved digitalization of smallholder farming. It leverages technology to improve standards of production. It also creates efficiencies within the food supply chain. It goes further to promote healthy eating habits and stabilizes crops.
Using Blockchain to Track Produce and Link it to Demand
Blockchain technology can be utilized in many extraordinary ways to help precision farmers – what’s more, it integrates with their smart tech systems.
From the Demand Front
Blockchain technology enables transparency from the demand front. A tea consumer would enjoy an inalterable assurance of the quality of raw materials. Blockchain would enable a reliable level of transparency where suppliers cannot compromise quality. Inefficiencies within the supply chain would not be present. This makes everything that gets to retail reliable. This is why Walmart has expressed interest in integrating blockchain to their operations. This is because they want to be able to track the supply chains of the produce they retail.
From the supply front
Blockchain can serve, for instance, to track a sugar grain producer. This would be verifiable and granular, monitoring every shipment of grain. Blockchain helps keep track of the produce and knows their point of harvest. It also checks their storage conditions both on the farm and during transportation. Blockchain also tracks the means used to preserve the produce in a fresh state.
Other than tracking, it is also possible to record every measurement. Evaluation within the blockchain would also be possible. In so doing, we achieve an unstained record that is accessible to anyone upon need. We would then have eliminated the creation of false claims of storage. We would also have eliminated manipulations of freshness preservation. This also makes it easy to discover produce producers manipulated to suit standards.
Blockchain and Precision Farming in Solving Food Loss
The concept of supply and demand algorithm is applicable to consumer behavior. In the same way, the supply-demand concept also applies to agricultural science. This is possible credit to data derived by blockchain. Advanced Sensor Technology (AST) predicted and preempted the freshness of farm produce. This was right from the farm to the processing and supply chain stages. AST is an important element of information collection. They also expressed their ability to link supply to demand. This is part of their efforts to avoid the current mismatch that ends up causing food loss.