Issue link: https://www.e-digitaleditions.com/i/1328227
All data has been gathered from a variety of sources and has not been independently verified, therefore it is provided for informational purposes only and is not guaranteed. • New Agribusiness Launches Blockchain for Agriculture BlockApps, a leading blockchain platform provider, is launching the TraceHarvest Network, which tracks and traces the full lifecycle of agricultural products starting at the seed source. For products like seeds, the blockchain provides a full picture of stewardship as they are sold, exchanged, planted, harvested, and processed. e new blockchain-powered business network was developed in collaboration with Bayer, a founding member and user of the network while testing over the past two years, according to a news release. Using TraceHarvest over the course of several growing seasons, Bayer and everyone in the supply chain, including processors, were able to track the lifecycle and status of the company's highest-value agricultural products, including soybeans and corn, from sale and planting through harvest. Kieren James-Lubin, president and CEO of BlockApps, said TraceHarvest tracking begins with the seed source. "is source information is linked to new product details tracked as it travels down the value chain, transforming from seed to food," James-Lubin said. Not only does this help speed up the identification and remediation during a recall, but also provides a stronger means to certify claims made about the food's ingredients." e Food and Drug Administration's proposed traceability rules for fresh produce also covers any products that use those items as ingredients, and the agency's New Era of Smarter Food Safety is focusing on enhanced technology, such as blockchain models, to improve traceability. "By enabling the traceability of products throughout the food supply chain, TraceHarvest will provide a basis for new solutions and services around the food quality and transparency questions that are top-of-mind for farmers and consumers," Sascha Israel, Bayer Crop Science chief information officer and head of digital transformation, said in the release. Current analog processes can create significant costs in labor and resources and fail to deliver the data that farmers and other value chain participants need. Such inefficiencies can put businesses at risk of compliance violations across the supply chain and in multiple geographies. TraceHarvest brings agricultural products to market faster, helps safely launch new products in approved regions and traces them accurately to provide strong proof of compliance with international regulations, according to the release. TraceHarvest Network first to track, trace full lifecycle of ag products starting at seed source. farm406 12 innovative tools & equipment