Agriculture has started to become a perfect fit for blockchain technology. Growers want to know how much money they will make, and premium products frequently have larger margins than commodity crops. Food processors can use a blockchain-based secure ledger to authenticate specialty varieties and track them back to their source. This is where TraceHarvest comes in.
Bayer and BlockApps teamed up to establish a new blockchain-powered business network. The TraceHarvest application aims to change the management of agricultural commodities, create new sustainability standards, and drive digitalization and food chain robustness. All of these are critical to the agricultural sector’s future success.
Manufacturers, partner farmers, and distributors may utilize the platform to monitor where their products end up. This gives them complete visibility of where their crops are coming from.
Other critical use applications for the platform include promoting both sustainability and customer well-being, along with carbon abatement crediting. The platform delivers data on agricultural goods throughout their existence. It allows for insights to encourage and reward sustainable food production practices all through the food supply chain.
As recalls have escalated over the last decade, food security has become a top issue for the food sector. Traceability standards have ensured effective epidemic responses. However, current methods do not address all issues.
Although the FDA has standards to ensure traceability record-keeping to improve food security, redundancies persist. These are some of the challenges of traditional food supply chain tracking methods.
Challenges of Conventional Food Supply Chain Traceability Methods
To track products through the supply chain, food processors need complete route visibility. Due to the sheer sporadic data, we outlined earlier, when a recall warning occurs, each element of the supply chain reacts based on the information they have. It may only give insight into a tiny part of a broader problem.
Customers and sellers can’t get the end-to-end information they need to locate compromised items and remove them promptly from the supply chain since data isn’t shared or harmonized. Instead, data and initiatives are divided. This can lead to misunderstanding at a critical time when participants across the supply chain should be cooperating.
Lack of Collaboration and Coordination
The third challenge with a standard food supply chain traceability process is collaboration and coordination. Inefficient data and restricted visibility exacerbate this challenge.
The more complicated the food supply chain is, the more critical it is to collaborate along the process. Mobilization is tough to accomplish during recalls if you do not have shared data or visibility.
Food supply chain partners must work together and figure out what information they need to gather and share to assure food safety from point A to B.
Insufficient information is the number one factor stopping food processors from monitoring and tracing goods quickly during recalls.
For example, the Produce Traceability Initiative (PTI) is a worldwide standard. However, it is still not widely used throughout the supply chain due to the high costs of implementing an efficient methodology. Without this information, details on a product’s genesis are unclear, which is crucial during a recall or incident notice.
Consistent data which can be interpreted and viewed at every stage in the food supply chain is required to monitor and trace food as it goes through the supply chain. Conventional food tracking methods only slow down the food tracking system, endangering both food processors and consumers.
Once the traceability data has become digitized, food processing companies and other stakeholders may standardize it so that everyone across the supply chain can access the information on a need basis. However, it must all be stored in the same location. Insights and analytics can be communicated instantaneously across the supply chain thanks to blockchain technology, providing a complete picture of every item from farm to table.
TraceHarvest tracks the state of agricultural produce using an enterprise blockchain. It doesn’t utilize any public networks or currencies. The network employs Solidity smart contracts to build and integrate business actions and regulations into the TraceHarvest network. This is a distinguishing trait of the Ethereum blockchain architecture.
TraceHarvest also operates on the STRATO blockchain platform. Integrating other blockchain technologies like Agrichain, Etherisc, Worldcovr with TraceHarvest will ultimately optimize the agriculture sector completely.
Benefits of TraceHarvest Network in the Food Supply Chain
TraceHarvest is a blockchain-based network that helps streamline the redundancies in conventional food supply chain tracking methods. BlockApps’ STRATO builds the TraceHarvest network. This offers a common infrastructure for enterprises and farmers to collaborate and cooperate. Everyone within the food supply chain can solve several challenges using the TraceHarvest network, including:
When farmers realize that an increasing number of purchasers, even those buying corn for cow feed, are inquiring about how the feed was farmed, it gets scary for them. Reverting and tracking how farmers planted and what farm inputs they used is vital. However, it’s never been simple to follow current methods.
Every business has its supply chain management system, and they don’t all monitor items and data in the same manner. That data becomes standardized thanks to blockchain. This does not imply that one entity has complete access to all the information. However, it allows product owners and consumers to monitor the entire seed-to-sale process.
Farmers can now use this blockchain technology to track specific crops they plant. This includes non-GMO maize and other crops since farmers can transfer the basic process of growing and documenting to the blockchain. This would make farmers’ work more manageable in tracking processes and make it easier to share information with manufacturers as needed.
TraceHarvest enables food processors to interact with downstream food producers to stretch agricultural product monitoring farther down the value stream and, in turn, validate assertions made regarding their ingredients and green initiatives.
According to James-Lubin, the CEO and president of BlockApps,
“Blockchain removes the requirement for growers to harmonize data from many sources and I.T. platforms. The alternative is to employ a clearinghouse, which risks exposing confidential data to unauthorized parties. It enables total industry awareness without being controlled by a business that therefore has incredible expertise of that data.”
Blockchain technology ensures the accuracy of data, which stores information on many computers and servers. TraceHarvest relies on many fewer players given its architecture as a private blockchain available exclusively to people directly participating in the relevant operations.
We can’t deny the concerns about blockchain’s security. Over the last three years, hackers have frequently penetrated networks designed for cryptocurrency exchanges, stealing billions worth of digital currencies.
Concerns regarding the safety of a blockchain network in a sector like agriculture are mainly about the unauthorized exposure of private information.
Stakeholders across the food supply chain can’t advance to the next stage if they don’t have a reason to be there. Furthermore, because it contains no transaction capabilities, it can be fixed if anything is ever awry.
Safety and Sustainability
TraceHarvest permits food processors to manage their operational processes and utilize the framework for other use cases like logistics services, therefore, boosting sustainability and end-user well-being.
TraceHarvest delivers a complete overview of crop management from trading, distribution, planting, reaping, and processing.
TraceHarvest is scalable. This is critical since it allows users to integrate additional business operations, use cases, and technology interfaces into the network.
Current analog procedures waste a lot of time and money. They don’t offer the information that producers and the entire value chain players want. Compliance breaches across the distribution network and several countries are a danger due to such inefficiencies.
The TraceHarvest blockchain technology allows for information traceability across the food supply chain. TraceHarvest also expedites the introduction of agricultural goods to market. It assists in the secure introduction of new products in recognized locations and precisely tracks them to ensure compliance with all applicable rules.