Bosch supports the entire farming value chain leverage blockchain technology for livestock matching, breeding and transfer of ownership as well as monitoring of the food supply chain. By ensuring transparency across the board, farmers, traders and consumers can connect more closely to track and monitor both produce as well as livestock. Bosch is playing an integral part in the farming revolution through solutions like Crypto Cow (connected cows on the blockchain) to help in cow trading and dairy farming, Farm-to-Fork traceability as well as within organic farming.
Despite farming and agricultural industries making strides to assimilate into the new economy, players across the spectrum experience significant difficulties by not having a complete and transparent view of their supply chains. These issues include a lack of efficient management and trading of crops and livestock, problems of ensuring regular and high quality produce as well as traceability across the food supply chain.
Through its secure distributed ledger technology (DLT), blockchain technology assists in end-to-end value chain visibility and transparency, ease of tracking and traceability of crops, livestock and produce and helps connect all players – farmers, traders and consumers – to ensure more effective interactions. Blockchain also supports organic farmers by easing compliance, regulatory and legal procedures by simplifying certification and documentation processes.
We, at Bosch, leverage our expertise to provide high-impact solutions for the farming industry by integrating blockchain technology into the value chain to deliver end-to-end benefits.