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Future of Agriculture 082: Applications for Blockchain in Agriculture - Part 2

In part 1 of our Blockchain series, I discussed the concept of Blockchain and how it can impact the agricultural industry. I highlighted reputable resources, possible points where Blockchain can positively change, and how it can build trust in all market participants from beginning to end. I also compared Blockchain to BitCoin, emphasizing on their similarities, and why it is the next big thing in the agricultural industry. I also discussed the advantages farmers will reap from it and how a Blockchain system can affect our current supply chain.

 

In this episode, I’ll explain other potential applications of Blockchain as well as some of its current limitations and scenarios where applying a Blockchain system helps improve the system for everyone involved in terms accountability and data accuracy. I’ll also explain how Blockchain can help farmers focus on farming instead of other time-consuming transactions.

 

  “Enough people need to adopt Blockchain, to where it could be an effective use to the supply chain.”– Tim Hammerich

 

  This Week on The Future of Agriculture Podcast: 

 

  • Limitations and challenges with Blockchain.
  • Additional applications and opportunities for Blockchain.
  • What needs to be built to utilize Blockchain's full potential?
  • How it can create a more efficient transaction between clients and suppliers.
  • The potential benefits of Blockchain to logistics.

 

We Are a Part of a Bigger Family! 

The Future of Agriculture Podcast is now part of the Farm and Rural Ag Network. Listen to more ag-related podcasts by subscribing on iTunes or on the Farm and Rural Ag Network Website today. 

   

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Thanks for joining us on the Future of Agriculture Podcast – your spot for valuable information, content, and interviews with industry leaders throughout the agricultural space! If you enjoyed this week’s episode, please subscribe on iTunes and leave your honest feedback. Don’t forget to share it with your friends on your favorite social media spots! 

 

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About the Podcast

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Future of Agriculture
Future of Agriculture Podcast

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About your host

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Tim Hammerich

I share stories about agriculture, agtech, and agribusiness on podcasts and radio.