Blockchain technology is mostly associated with Bitcoin and cryptocurrencies at large. However, the technology is entirely independent of cryptocurrencies and can be utilized in many other industries. One of these industries is agriculture.
A Test-Run In Japan
Blockchain and agricultural experts are convinced that Blockchain could help improve the quality of agricultural produce – it may also help make the entire industry more efficient. This is already happening in real life in Japan.
Farmers and agricultural regulators in Aya-cho, Higashi Morokata-gun, Miyazaki Prefecture are currently working on a Blockchain platform designed to track the quality of vegetables and other agricultural produce. The platform is used to record and store a wide range of data including the vegetable’s farmer, the types of fertilizers and pesticides used, the condition of the soil on which the vegetable was grown, and the production environment, among others.
Adoption of Blockchain technology not only helps keep track of the quality of agricultural produce; it also helps boost the prices of these vegetables. For instance, agricultural experts in Japan are reporting higher prices for agricultural produce from Aya-Cho owing to the utilization of Blockchain technology.
Japan As A Model
Japan is an excellent place to integrate Blockchain technology into diverse industries thanks to two crucial factors: Japan is one of the most developed countries, and it is also the only country capable of building its own sovereign social infrastructure from start to finish.
Several experts have come up with an interesting theory. Suppose that Japan’s industries were to turn their expertise into data and store in on a Blockchain platform. Their efficiency would make them the ideal subject for other countries to analyze and learn from. This would in turn help refine operations of both Japanese and international industries which would, in turn, improve technological advances and the overall quality of life.
A Wide Range Of Applications
Blockchain technology is coming out of the woods and promising to change the world in more ways than one. Its potential uses are numerous especially owing to its utilization of smart contracts.
A smart contract is a computer programmed protocol that cannot be altered in any way. It requires several requirements to be met for anything to change. These smart contracts are difficult (even impossible) to breach even by the best hackers. To this end, Blockchain technology is ideal for boosting security and trust in many fields. For instance, it can be used to improve cybersecurity especially considering the increase in mass-cyber attacks – for instance, there are concerns that a cyber attack on the national power grid can result in unprecedented complications.
The blockchain is also already in use in many other industries. For instance, several banks are already investing in Blockchain technology in a bid to improve their efficiency and security. The aerospace industry is also mulling investing in this technology so as to make its supply lines more efficient.
The world may be looking ahead to greater food security thanks to Blockchain technology. It has already proven successful in Japan, and there is no reason why other countries should adopt it. It will also become an integral part of many other industries in the future.