Harvesting Data Through Blockchains

Jan 28, 2025

Data is becoming increasingly more valuable throughout different industries. Agriculture is no exception. 

Harvesting data: But all that data floating around has created a need for actually managing it. Some believe that blockchain technology could offer farmers a way to improve transparency, streamline operations, and access new markets. The digital platforms stress that accurate data tracking can also help prevent fraud and reduce food waste. 

Blockchain on fields: Businesses are adopting blockchain technology, which offer decentralized platforms for transactions and records, and networks for food production—from farm to table. Large agribusinesses such as Bayer are already hopping on the blockchain train. The company incorporated blockchain technology into its platform. 

Records are kept for the lifecycle of agricultural products: from the purchase of seeds all the way through harvest and into the supply chain.

Business research expects the blockchain industry to grow exponentially. Small to medium-sized farms are also driving growth, as the need to maximize margins becomes more important.

Soundbite: “A decentralized, blockchain-based market offers farmers independence and autonomy. Crucially, it gives them access to much-needed capital so they can invest in their farms and land. Higher profit margins for small-hold farmers could be transformative.” — Henry Duckworth, co-founder and CEO of blockchain-based ag marketplace Agridex.