Internet-of-crops platform: an IoT-based solution for tracing cereal supplies
Aetsoft implemented blockchain technology in Centaur AG’s Internet-of-Crops Platform, an agriculture logistics solution for tracking the provenance of crop supplies. Every asset in a supply chain is connected to IoT trackers and has a unique ID recorded on an immutable, hack-proof distributed ledger.
Blockchain applications in agriculture
Use case 1. Improved procurement tracking
Actual procurement tracking between sellers and buyers depends on third parties that only complicate and prolong the entire process, while practically not securing it.
Blockchain simplifies the monitoring and validation of commodities by replacing intermediaries with automated smart contracts.
Use case 2. Condition control of crop supplies
Farmers have to deal with unpredictable weather conditions, so monitoring and forecasting such factors as excessive rains or, otherwise, drought are crucial for crop survival.
With a proper blockchain solution, farmers can monitor physical conditions of crops in real-time to detect any deviations and take preventive measures promptly.
Use case 3. Reliable crop insurance
Growers that yet fell victim to damaged crops have to apply for insurance companies, which might be a long process and eventually not guarantee them reimbursement.
Automated smart contracts protect insurance deals against fraud and human error, so solicitations become fast and reliable.