Top 10 Companies Using Blockchain Technology in Agriculture in 2023
The top companies using Blockchain technology in agriculture in 2023 are improving and transforming the agriculture industry
Blockchain technology could be a game-changer for the agricultural industry. Blockchain technology in agriculture improves food safety by allowing information to be tracked throughout the agricultural supply chain. Blockchain’s ability to store and manage data enables traceability, which is used to aid in the development and implementation of intelligent farming and index-based crop insurance systems.
Blockchain can improve agricultural operations by providing supply chain transparency, traceability, smart contracts, payment systems and quality control. It requires collaboration between stakeholders to improve efficiency, transparency and food safety. By using blockchain, farmers and producers can ensure that their products are genuine, safe and sustainably produced. In addition, blockchain facilitates payments between farmers and suppliers, reduces the need for intermediaries and ensures fair prices. The applications of blockchain in agriculture include smart agriculture, food supply chain, agricultural insurance, transactions of agricultural products, etc. The top 10 companies using Blockchain technologies in agriculture in 2023 are given below:
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AgriDigital
AgriDigital is an Australian-based company that provides blockchain solutions for agricultural supply chains. Their platform enables farmers to manage their supply chains, from planting to harvesting, by digitizing the process and providing real-time tracking of inventory, prices and logistics. They also offer a blockchain-based platform for grain trading, which eliminates the need for intermediaries and reduces the risk of fraud.
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IBM Food Trust
IBM Food Trust is a blockchain-based platform for food supply chains, enabling farmers, producers, distributors and retailers to track the journey of food products from farm to table. The platform is designed to improve food safety, reduce waste and promote sustainability by providing transparency and traceability in the supply chain. IBM Food Trust is used by several major food companies, including Walmart, Nestle and Unilever.
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AgriLedger
A social enterprise project in the UK that supports farmers to trace the origin of their food, gain easier access to finance and store transaction data. Their platform enables smallholder farmers in developing countries to access new markets and receive fair prices for their produce. AgriLedger uses blockchain technology to record supply chain data, providing transparency and reducing the risk of fraud
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TEA FOOD
TE-FOOD is a blockchain-based platform that enables farmers and producers to track their products throughout the supply chain. The platform uses blockchain technology and IoT devices to provide real-time tracking of inventory, prices and logistics, enabling farmers to optimize production processes and improve profitability. TE-FOOD is used by several large food companies, including Auchan and Big C.
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Ripe.IO
Ripe.IO is a blockchain-based platform that enables farmers and producers to track their products throughout the supply chain. The platform uses sensors and IoT devices to collect data about the quality and condition of the products, which is then recorded on the blockchain. This enables farmers to optimize their production processes and ensure that their products are of the highest quality.
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Demeter
Demeter is a blockchain-based company that offers transparency and traceability in agriculture. Their platform enables farmers, producers and retailers to track produce from planting to distribution, promoting sustainable practices and improving food safety. Demeter uses blockchain technology and IoT devices to record data on product quality and conditions for optimized production processes.
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AgriChain
A blockchain company that focuses on enabling peer-to-peer agricultural transactions and processing while cutting out the middleman. Their platform enables farmers and producers to track their produce throughout the supply chain, from planting to distribution, promoting sustainability and improving food safety. Agrichain uses blockchain technology to ensure the accuracy and security of data.
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Ambrose
Ambrosus is a blockchain-based platform that provides transparency and traceability in the food supply chain. The platform uses blockchain technology and IoT devices to track products’ journey from farm to table, ensuring they are produced sustainably and ethically. Ambrosus is used by several major food companies, including Nestle and Swiss Food Research.
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GrainChain
GrainChain is a blockchain-based platform for the agricultural industry that enables farmers and producers to track their products throughout the supply chain. The platform provides real-time tracking of inventory, prices and logistics, enabling farmers to optimize production processes and improve profitability. GrainChain is used by several major food companies, including Walmart, Kellogg’s and Cargill.
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Ethereal
A blockchain startup offering crop insurance to farmers via its decentralized insurance applications. Etherisc uses blockchain technology to ensure transparency and security in the insurance process, and to automate compensation payments, making insurance more accessible and efficient for farmers.
