Advantages of Block Chain Technology in Farming
Because of agriculture, there would be a relevant factors that affect most of the country’s economy. With a rate of 35% increase, the food demand would be high in the upcoming years until 2030. Knowing this, an effective production system should be present to comply with the requirement of the growing population.One best way to address this is through the employment of blockchain tehnology.
Blockchain technology is a huge collection of information that represents a ledger that is commonly seen by various users for securing the registration of transactions.
Why do you need to use blockchain technology in farming?
Nowadays, there are many ways of technology need for blockchain utilization including the farming industry. Here are some of the advantages of block chain technology in farming:
1. High efficiency and traceability rate in production
Through the blockchain technology, the issues about information management may be esily resolved. Moreover, blockchain heightened the security levels and trust between parties.
2. Enhance production processes
Efficiency and productivity on farming have been positively affected by technology. For example, farmers can able to prepare and anticipate the weather through the help of innovative temperature monitoring devices.
3. Elevate transparency for consumers
Consumers are now being more conscious on the origin of the products that they are buying. This gives a great opportunity for blockchain technology. The end consumers can already access the data regarding the production and overall quality of the product.