How farmers could see the benefits of blockchain – Farm Credit Canada

Retail and consumer demands for better traceability and greater transparency are driving blockchain implementation in agriculture, and farmers could be beneficiaries of its adoption.

Blockchain has been made famous by Bitcoin, but while the latter relies on blockchain to record transactions, blockchain doesn’t require cryptocurrencies, like Bitcoin, to be applied elsewhere.

Simply put, blockchain is a shared digital ledger for recording transaction histories that can’t be altered after they’re recorded.

Source: How farmers could see the benefits of blockchain – Farm Credit Canada