Blockchain Could Revolutionize Agriculture

Blockchain Could Revolutionize Agriculture

The Kenya Agro-Processing company, Greenspec`s CEO Kimani Mbgua has said that the blockchain technology has the potential to transform the agriuclture

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The Kenya Agro-Processing company, Greenspec`s CEO Kimani Mbgua has said that the blockchain technology has the potential to transform the agriuclture sector.

While there has been little discussion regarding blockchain in agriculture, the sector will benefit from the technology, as Mbgua explained at the launch of Belfrics Kenya`s Bitcoin Exchange on Saturday.

The event reportedly took place at the Villa Rosa Kempinski in Nairobi, Kenya, as cryptocoinnews.com wrote in a recent article.

“The blockchain application has huge potential in three key areas of Agriculture which consist of Real Time Management, Supply Chain and Mobile Payment and Financing.”, as Mbgua told cryptocoinnews.com.

Making the Food Chain more transparent

Consumers have started to turn towards clean and organic food. Naturally, they demand more transparancy in the food chain. It is important for producers and manufacturer to be able to verify the exact accuracy of data from the farm to the table.

“But with the blockchain, you’ll be able to know from the label what and how they used to produce the food when you buy it and they can never shortcut you.”, as Mbgua pointed out.

He said that consumer in the rich market of organic food are willing to pay for products that provide such information.

“The value of the blockchain here is its ability to make the supply chain entirely transparent and rich with the immutable provision of data from farm to the dining table. The blockchain will ensure that participants along the supply chain can’t temper with this information.”

Mbgiua expressed an opinion that blockchain technology may give consumers and manifacturers transparancy about the food supply chain.

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