Blockchain and the future of agricultural markets
Experts are increasingly interested in uses that improve value chains in agricultural food systems in low and middle-income countries.
Medical and pharmaceutical industries are also embracing blockchain to secure public health and personal information and to safeguard consumers against counterfeit drugs. There are also blockchain enthusiasts in agricultural and related industries investigating its use in ensuring global food security. While most of us have become wise to counterfeit software, telephony, and designer handbags, few realize the same deceptive practices can affect food, feed, seed, and agricultural supplies. A compromised herbicide or pesticide, for example, might not be identified until after a crop fails. It could take years and declining health before some realize they are not receiving promised fortifications.
Founder, STEM-Trek Nonprofit
This article’s original version is posted on the Chicago Council on Global Affairs blog.