STRATO for Agriculture2020-03-27T11:47:25-04:00

STRATO for Agriculture

Leveraging Blockchain Technology to Produce more Food and Less Waste

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Top Industry Challenges

The agriculture and food industry is poised for disruption, as it must face the dual challenge of meeting a growing population’s needs and working under growing regulation and unpredictable climate conditions.

Feeding the World’s Growing Population

  • Producing Higher Yields and Reducing Waste

  • Supporting Smallholder Farmers

  • Improving Food Traceability to Drive Safety and Build Consumer Trust

Bolstering Financial Systems

  • Improving Land Management and Registration Systems

  • Protected Pricing to Buffer from Price Volatility

  • Driving more Effective Subsidies

Dealing with an Unpredictable Climate

  • Using Tech to Protect Farms from Natural Disasters

  • Improving Insurance for Agricultural Enterprises

  • Adopting Sustainable Practices without Losing Productivity (e.g. Precision Fertilizer to limit Nitrogen use)

Efficiently Integrating New Technology

  • Integrate New Farm Management Software (FMS) with Legacy Systems

  • Accelerate a Slow Adoption Curve

  • Building a Database to enable Data-Driven Decision Making

BlockApps’ STRATO platform is a blockchain solution uniquely equipped to build a productive, efficient, and sustainable network for the agriculture and food industry.

BlockApps’ Track and Trace Application

Track and trace is a generic asset tracking application that can be installed on a STRATO blockchain network.

Track and trace comes with a built in “widget” asset that can represent any physical good (e.g. grain, food, or livestock) OR digital/financial asset (e.g. loan, payout, or subsidy) as a smart contract.

BlockApps’ Track and Trace application can build traceable end-to-end supply chains for agriculture, which would drive food safety, traceability, consumer trust, and create industry standards. It can also, through its smart contracts, track and automate the movements financial or digital assets such as subsidies, providing the oversight to ensure precise and proper application of such goods.

  • Hybrid Corn Seed (Bags and Pallets), Soybean Seed (Bags, Pallets and Bulk Containers, Bulk Bags), Alfalfa Seed (Bags)

  • Water Resources

  • Adjuvants (Jugs, Boxes, Pallets, Shuttles and Drum)

  • Fertilizer (Bulk bags, Truck delivery, custom application from an Ag Retailer)

Learn More about Track and Trace
  • NH3 in Bulk Tank Deliveries & NH3 Empty Tank Returns

  • Harvested Fruits and Vegetables

  • Herbicides (Jugs, Boxes, Pallets, Shuttles and Drums), Insecticides (Bulk shuttles and tote), Fungicides (Jugs, Boxes, Pallets, Shuttles and Drums)

  • Agricultural Subsidies and Transactions

Download STRATO Product Sheet

Agriculture Blockchain Solutions & Resources

Top Industry Use Cases
News and events
Ag Supply Chain Management (SCM)
AgTech Partners

Bayer CropScience’s Work on the Agricultural Supply Chain with STRATO

Bayer CropScience has launched a platform to track its grain product from origin to end using STRATO. Read about blockchain for agriculture.

Top Industry Solutions

The Farm Management Software (FMS) market is expected to expand to $4.22 billion by 2025. Yet, despite this, the industry has been slow to adopt with only 16.5% doing so and the vast majority remaining tied to traditional farm management methods which are largely manual and tend to be imprecise, leading to waste. For example, 40% of fields are over-fertilized, creating a yield loss of 15%-20%.
The difficulty of integrating new FMS with legacy systems and building the data to implement FMS are two of challenges impacting adoption.
STRATO can provide a reliable, and universal source of data from which all FMS can build upon, facilitating the integration of technology with existing and new systems. Its storage can hold unlimited data from traditional systems and it’s real-time automation updates to ensure all data is relevant and accurate.
This has been predicted to increase yield by over 70% by 2050, meeting growing demand for food and driving corresponding financial gain.
Learn more from our industry expert.
There is very little certainty around food provenance, as evidenced by the fact that a 2018 USDA study of accredited organic certifiers found that almost half did not meet at least one standard.
This has created a  growing deficit in consumer trust, with a study by the Center for Food Integrity finding that  in 2019 only 33% of respondents strongly agreed that they are confident in the safety of their food, as compared to 47% in 2017.
Consumer trust can be directly monetized, and its loss decreases revenues. The Label Insight and Food Marketing Institute found that 75% of consumers would be willing to switch from their current product to one that provides information beyond what’s on the label.
To facilitate traceability requires inordinate amounts of data, labor, and time, rendering it near impossible to do with traditional methods. As such, industry innovators are looking towards blockchain solutions like STRATO which provide a digitized and shared yet secure database, updated in real-time for the industry. STRATO inherently renders the food supply chain traceable and immutable, providing a clear line between origin and consumer to grow and monetize consumer trust.
 Learn more from our industry expert.
Post-harvest management is a tricky practice to perfect, demanding precise conditions, and if not executed properly, can lead to immense food waste.
Inventory mismanagement costs the world $1 trillion or more annually just on grains, the value of food that is lost. Due to inefficient storage methods, an estimated 52% of the nation’s essential fruits and vegetables are being discarded and 34% are ruined before leaving the farm.
A single, incorruptible source of truth as provided by STRATO’s decentralized ledger significantly reduces waste, especially when partnered with new sensor methods, as its single ledger facilitates proactive monitoring and its track and trace application allows real-time visibility on all inventory.
Learn more from our industry expert.
The number of food recalls has grown four-fold over the past five years, with the problem costing the food and agriculture industry $55.5 billion.
56% of recalls are due to preventable operational errors, food fraud, and corruption, rather than biological causes. While methods for identifying breaches have improved in accuracy, those for pinpointing the source have not, largely due to an opaque and complex supply chain.
STRATO’s decentralized ledger provides a single source of truth, meaning that any food safety breach could be immediately pinpointed and unnecessary recall would be avoided, while its automation and transparency inherently curb operational errors, food fraud and corruption.
By allowing companies to trace the cause of a safety breach. Perfect Traceability, as offered by STRATO could decrease mean projected losses by 90-95%.
Learn more from our industry expert.
Nearly 100 million acres of US farmland is expected to change hands in the next few years as elderly farmers retire, impact investors and developers as well as farmers. The industry norm in the past was often to pass land down informally, and through spoken arrangements, driving a dearth of data on land ownership. 
This in turn creates a situation whereby the rightful owners of land are difficult to prove, requiring a great deal of administrative work to bridge the gap between available and necessary data. As a result, the time between signing a contract and transferring a title to three to six months and finding farmland is one of the main challenges facing young farmers.
In Sweden integrating blockchain into land registration and transfer has been shown to produce cost savings of more than 100 million euros per year for taxpayers. A STRATO solution could enable an incorruptible ledger of land records, linking them to sovereign ID or digital ID so that they would be untouched even by natural disasters or wars.
This eases the labor and time costs involved in land transfer and allows near real-time traceability and transparency in regards to the sale and purchase of land, closing the gap between purchase and procurement.Learn more from our industry expert.
In 2019, farmers purchased a record 1.1 million crop insurance policies, paying $3.75 billion in premiums and carrying over $10 billion worth of deductibles, while protecting over a record 380 million acres. 
In the event of a natural disaster or a loss of 30% or more of crop value, insurance companies must verify and adjust claims before paying them out, an administrative-heavy and often delayed process. This begins with sending a crop adjuster to inspect damage and analyze relevant data to develop an informed plan. During this time, farmers cannot replant new crops but must wait for their payouts.
STRATO includes certain events as automatic triggers of related payouts in the smart contracts, facilitating parametric or index insurance, which has otherwise been too complicated to actualize. Our platform also incorporates intelligent predictions into the smart contracts to pre-empt events and build proactivity into the industry.
For insurance companies, STRATO eliminates a large portion of the work involved in verifying and adjusting claims, allowing insurers to use their time more efficiently and cost-effectively. For farmers, this results in payouts in the immediate aftermath of an event such as a natural disaster, enabling immediate replanting and the corresponding financial gain.
Learn more from our industry expert.
Due to the supply and demand curves in the food industry being highly inelastic, small shocks in either lead to dramatic price changes. As such, the agricultural and food market is inherently volatile.
Falling commodity prices and growing political instability affect farm income which relative to the 10-year average was down 28% in 2018. Bayer performed a sensitivity analysis that found that a 10% change in commodity prices would have an effect of 40 million euros on equity.
STRATO’s provision of a single source of truth drives price transparency in agriculture, alleviating much of the unpredictability and volatility currently associated with pricing in the industry and creating protected pricing. By facilitating a common source of indisputable data, producers and farmers could make more intelligent decisions and would be less likely to be left in the lurch by price changes. Learn more from our industry expert.

Learn From Our Expert

BlockApps’ Sid Siefken has rich experience in the agriculture industry, which he leverages to advise and support our agriculture clients and partners.

Sid is always learning about and verifying the unique abilities of blockchain to drive success for agricultural enterprises. 

Sid values the input of all industry members and is available to help you determine the feasibility and value of a blockchain solution for your agriculture-related company, network or industry vertical.

Contact our Expert
Inquiries are sent directly to Sid

STRATO for Agricultural Supply Chain Management (SCM)

How can blockchain help?

BlockApps has analyzed the various ways in which STRATO improves and streamlines Agricultural Supply Chain Management. Our report includes and in-depth description of the challenges and solutions at hand.
Download the Report

BlockApps Agriculture Partner Network

BlockApps’ extensive partner network includes various agriculture, food, and AgTech companies whose expertise combines to leverage blockchain solutions for all interested enterprises.

Find an Agriculture Partner
Become a blockapps partner

Industry News & Events

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