Blockchain is not dead! Blockchain + agriculture may be reborn from the ashes in 2019 | rtp cuan77, slotcatalog casino

If you don’t break out in silence, you will perish in silence!

This sentence describes the current blockchain. The crazy blockchain in 2018 was subject to policy supervision and suppression, and capital, media, and even entrepreneurs tended to calm down. Perhaps, this is the eve of the explosion in the darkness. But the night before is still very long...

A recent article titled "Insiders: Blockchain is Gradually Integrated into Agricultural Development" attracted our attention. The article mentioned: "Up to now, blockchain has been used in many scenarios such as product traceability, agricultural insurance, rural finance, smart contracts, etc. Although the current application scope of blockchain technology in the agricultural field is still relatively limited, many industry insiders are still full of expectations for the future development prospects of blockchain in the agricultural field." Judging from various signs, industry insiders are very optimistic about the application of blockchain in the agricultural field and scenarios. In addition, some government officials are also calling for blockchain + agriculture.

Wang Zhaoming, chairman of Inner Mongolia Mengcao Ecological Environment (Group) Co., Ltd., said that as a major agricultural country, it must use modern information technologies such as the Internet of Things, big data, mobile Internet, artificial intelligence, and blockchain to vigorously promote the transformation and upgrading of the entire agricultural industry chain and give the wings of the Internet to the implementation of the rural revitalization strategy.

To be sure: the blockchain has not fallen, the blockchain is waiting for opportunities.

Industry experts pointed out that 2019 is expected to be the year when blockchain technology will be truly implemented and industrialized.

At the beginning of the birth of blockchain, the outside world was pursuing it: blockchain is a life-saving straw for various industries. Especially the financial industry, food industry, and of course the agricultural field. Let’s talk about what problems blockchain can solve in agriculture? We think there are several problems as follows!

1The agricultural field is optimistic about blockchain

1Agricultural products traceable

Traceability of agricultural products has always been a pain point in agriculture. Blockchain technology can make records non-tamperable, so there is detailed data from the production end of agricultural products to the circulation end and consumers, which can realize consumers' clear consumption and increase consumers' willingness to buy. Traceability of agricultural products can improve the safety of agricultural products and food safety.

2Information transparency

In addition to traceability in the agricultural field, there is also the problem of opacity in information between producers and demanders. Once blockchain technology is applied to agriculture. We can use big data analysis to establish credit rating references for growers and purchasers; use smart contracts to ensure fair transactions between growers and purchasers. At the same time, blockchain technology can improve the contractual spirit between buyers and sellers of agricultural products. Additionally, with the advent of blockchain in the food supply chain, this could streamline the process as data management systems that bring a range of farmers, processors, distributors, regulators, retailers and consumers under their radar become more transparent.

3Reduce costs

After the application of blockchain technology, the costs of production and circulation will be greatly reduced. For example, blockchain technology solves the functions of automatic information storage and database, thus reducing manual investment and investment in other facilities. In addition, blockchain and applications realize the interconnection of everything, helping manufacturers and distributors reduce various expenses. At the same time, the reduction of production and circulation costs will also reduce the price of agricultural products, and ultimately consumers willConsumers profit.

Therefore, the application of blockchain technology in the agricultural field is waiting for the recognition of people at all levels.

2 Current Blockchain Agriculture Players

Judging from the following multiple cases, these companies have indeed applied blockchain technology to user services. They hope to use blockchain technology to solve food safety and traceability, thereby increasing consumer recognition of the brand.

1Walmart

Walmart made a lot of attempts in the field of blockchain technology in 2017. Walmart has been working with IBM to develop blockchain solutions for food safety issues. For example, Walmart puts blockchain on fresh agricultural products such as mangoes and pork. Frank Yiannas, Walmart's vice president of food safety, once said: "Our customers deserve a more transparent supply chain. We believe that in the 21st century, the previous step-by-step approach to tracing the source is outdated. This is a smart move supported by technology that will greatly benefit our customers and revolutionize the food system to benefit all stakeholders."

2 Dreyfus

Commodity trading company Louis Dreyfus (Louis Dreyfus) announced that it has trialled a blockchain-based trading system developed by a group of financial institutions such as ING (ING). Dreyfus uses a blockchain platform to complete bulk soybean transactions with Chinese suppliers, greatly reducing transaction times. At the same time, according to companies participating in the test, the test involved soybeans shipped from the United States to China, and all relevant documents (including sales contracts and letters of credit) were saved within the platform.

3Coca-Cola

In 2018, Coca-Cola is working with the U.S. Department of State, the Blockchain Trust Accelerator (BTA), blockchain technology company Bitfury Group, and Emercoin to launch a pilot project based on blockchain technology. At the same time, The Coca-Cola Company is building an in-block platform to help ensure ethical sugar production.

4Carrefour

In 2018, Carrefour, Europe's largest retailer, has begun using blockchain ledger technology to track the entire process of chicken, eggs and tomatoes from farms to stores, and will deploy this technology across all its fresh product lines in the next few years. For example, in March 2018, Carrefour China’s first blockchain product, Guanxi Honey Pomelo, was snapped up by users.

5 Smart Farm

China's agriculture has ushered in the 4.0 era, and high-tech integration has become the direction of agricultural development. Smart Farm, a subsidiary of Shanghai Huazhong Agricultural Technology Co., Ltd., vigorously promotes the application of blockchain. Combining blockchain technology with agriculture can eliminate information asymmetry to the greatest extent, improve the information transparency and timely response capabilities of the entire industry chain, and thereby achieve value-added for the entire industry. Reduce pesticide input and improve the quality of agricultural products. Solving the pain points of agriculture and solving the food safety and food supply problems of agricultural products can really make the Chinese people feel at ease.

3Future trends

Characteristics such as blockchain decentralization will significantly reduce Internet maintenance costs and enhance the intelligence and scale of the agricultural Internet of Things. At the same time, the agricultural product traceability system based on blockchain technology, which solves consumers’ trust crisis in products and makes people’s dining tables healthier and safer.

According to statistics from the "In-depth Analysis Report on Business Model Innovation and Investment Opportunities in China's Blockchain Industry" released by the Qianzhan Industry Research Institute, with the expansion of blockchain application scenarios, it is expected that there will be more than 600 blockchain companies with input and output in 2019, and the industry scale is expected to exceed RMB 800 million.

Some people predict that in 2019, "blockchain technology" will gradually move from behind the scenes to the front. Let’s look at it from two aspects: Blockchain technology is ushering in good news!

1) From a broad background, national policies attack Bitcoin, but support the application of blockchain technology in various industries.

2) From an industry perspective, with the current development of big data and artificial intelligence, blockchain technology will gradually integrate with other high-tech projects to empower industries.

In the agricultural field, what trends and directions will blockchain agriculture present?

1Internet of Things + Drones + Blockchain

China's agriculture has ushered in the 4.0 era, and high-tech integration has become the direction of agricultural development.

The combination of Internet of Things + drones + blockchain will be conducive to the development of precision agriculture, reduce pesticide input, and improve the quality of agricultural products.

Among them, logistics ensures the interconnection of all things, drones provide production management services, and blockchain provides recording and traceability technologies.

2Blockchain + Data + Artificial Intelligence

The application of blockchain to agriculture can eliminate information asymmetry to the greatest extent, improve the information transparency and timely response capabilities of the entire industry chain, and thereby achieve value-added for the entire industry.

The integrated development of blockchain + data + artificial intelligence can maximize the value of agricultural big data and reduce input costs.

3Blockchain + Agricultural Finance

In early February, the Chinese government issued the “Guiding Opinions on the Revitalization of Rural Financial Services.” The new framework proposed this time is part of the plan to improve the efficiency of financial services in the national rural revitalization plan.

At the same time, the guide is said to help promote the application of new technologies such as blockchain in the rural financial sector to "improve the identification, monitoring, early warning and disposal of agricultural credit risks."

The announcement also predicts that new technologies will encourage financial institutions to "develop special loan products and small payment settlement functions for rural e-commerce, and open up rural e-commerce capital chains."

Blockchain + agricultural finance will provide convenient access to loans to small farmers and bring authenticity and predictability to the credit reporting of agricultural financial institutions.

4Blockchain + Rural Logistics

With the deep integration of emerging technologies such as blockchain, Internet of Things, and big data with the logistics industry, supply chain is becoming one of the most potential application scenarios of blockchain technology.

Due to the fragmentation of rural logistics, it has led to embarrassments such as lost parcels and difficulty in transporting agricultural products. But blockchain technology can solve these problems.

Luo Xia pointed out that rural revitalization is a very important strategic deployment of the Party Central Committee this year and is closely related to rural logistics.High-quality development is closely related. Strengthen the application of intelligent supply chain technologies such as cloud computing, blockchain, and artificial intelligence in rural logistics to provide intellectual support for the production, testing, turnover, sales, quality control, and management of agricultural products.

5Blockchain + Agricultural Supply Chain

This type of application is the reason why major shopping malls are grafting blockchain. For example, large supermarkets such as Walmart and Carrefour have incorporated the entire fresh food and food supply chain into blockchain management, thereby reducing costs and improving product safety.

At present, American agricultural giants such as Cargill are vigorously developing the application of blockchain + agricultural supply chain finance.

To sum up, the application of blockchain in the agricultural field will explode again in 2019. But we also need to be clear: Blockchain is just a technology, not a tool for making money. In the entire agricultural development, blockchain is only an enabler, not a leader. In this way, the road will become wider and wider!

(Source: Agricultural Industry Observation)