PHOTO: BART DIGITAL PHOTO: HENK RISWICK
OFFICE TECHNOLOGY ▶▶▶
Bart Digital uses blockchain to improve results outside farms
A BY DANIEL AZEVEDO
gricultural advances occur many times outside farms. Blockchain technology creates one of these oc- casions because it provides more
agility, transparency and efficiency in the field. Bart Digital, a start-up from Brazil, has more than 60 clients all over the country and fore- casts a boom for this year. What is the reason? Among others, for saving 70% of the time from contractual procedures between credit institu- tions, ag input companies (seed, chemicals, machinery) and producers. It started in 2016 and Mariana Bonora is one of the founders. She is a lawyer and met Thiago Zampiere and Renato Girotto, both partners and founders, in order to simplify business between producers and financial institutions. As a lawyer from the chemical industry, Ms Bonora experienced all obstacles for credit concessions in Brazil. The next step after a hackathon, they passed through incubation and acceleration processes in different Brazil- ian ag hubs until their business prototype
Cryptocurrency technology is already applied for ag credit contracts in Brazil, increasing agility, transparency and efficiency in the field.
was released in late 2016 and got their first cli- ents in 2017. “We work to increase agility, es- pecially for barter transactions. In other words, credit sales with warrants of receiving. Our blockchain platform has brought several solu- tions inside credit concession processes,” says Ms Bonora.
How does it work? The start-up enables involved parties to access all details regarding their contracts in real time and assure transparency in case of any change. It means a huge increase of certainty for business. “We find out all information re- garding contractual topics and social-environ- ment compliance, for example. Our solutions provide agility and transparency for the entire credit process automation until the signing step, including warranty monitoring via
satellites with integrated partners in our plat- form,” she adds. According to her, the main proposal of Bart Digital is to integrate different credit players in the same ambience. This way, they can offer and demand vantages about credit for both sides. “We have made a robust work of re- search for developing blockchain solutions in agribusiness. Bart Digital does not use this technology just for hype. We studied the tech- nology for two years to find its real benefits for different players of the sector. Our system al- ready allows information exchange between users safely,” she argues.
More possibilities In the coming half year, Bart Digital will start a higher level of blockchain possibilities. More than checking contract information, it will be
Bart Digital partners, Guilherme Costa, Mariana Bonora and Renato Girotto. 28
▶ FUTURE FARMING | 24 May 2019
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