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National & World Ag News Headlines |
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BlockApps & Genesis Launch Blockchain for Beef
USAgNet - 08/04/2021
BlockApps, the leading enterprise blockchain platform provider, has launched its newest offering with Genesis - Blockchain for Beef. This comes on the heels of last year's launch of TraceHarvest in partnership with Bayer Crop Science, which traces the full
lifecycle of agricultural products starting at the seed source. Leveraging TraceHarvest, Genesis - Blockchain for Beef brings the same accountability and value TraceHarvest brought to seed provenance to the sourcing of animal products.
All cattle in the food production chain generate data elements that add value to the beef being produced. Historically, it has been challenging to track and present data that validates treatments, vaccine use, and production practices used in each beef operation.
This information is valuable for everyone from ranchers, feed yards, and packers to retailers and consumers. Blockchain technology enables producers to reliably track data from beginning to end, flow that data through the supply chain, and include third-party
verification for continued validation of production practices. The nature of blockchain means that the data is contained in a decentralized network, making each participant the owner and manager of their data.
"The beef production space has a great story to tell about decisions that producers are making every day.
By grounding ourselves in data and now being able to flow information through the supply chain, we are driving value into our processes and optimizing our end-product," said Hannah Garrett, founder and CEO, Genesis - Blockchain for Beef. "The Genesis
platform acts as a catalyst to bring data to the forefront and seamlessly flow valid information from beginning to end."
Genesis - Blockchain for Beef allows users to record and track animal data such as health protocols, performance indicators, current locations, and progress across the supply chain. Also unique to the platform is the ability to customize data flow between buyer
and seller. Producers own and govern their own data, allowing access to specified parties for regulatory, marketing, or other purposes.
The flow of data from one party to another is in real-time and can be captured in a smart contract. These contracts can then include third parties to validate transactions or production practices, minimizing risk for all involved. Genesis - Blockchain for Beef aims
to streamline the flow of data and cattle through the supply chain, optimizing the value and quality of beef.
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