Bart Digital, a start-up from Brazil, uses blockchain technology to save 70% of contractual procedure time between agricultural partners.
possible to exchange business titles and contracts among parties. The first step is a proof of concept. “Currently, we provide an immutable register by a single party. It is al- ready faster and cheaper, even more so in Bra- zil where bureaucracy is very complex and moves focus from what really matters. The most important is that farmers receive their inputs and credit providers receive their pay- ment. In a few months, we will expand our services,” she adds. Basically it means that the Bart Digital plat- form is going to allow contracts and agricultur- al assets among several players. All processes are placed in a sort of ‘bullet train’ for business- es. Not every process needs to pass through conventional and bureaucratic procedures. The aim is to find out which of them can be trans- ferred through the Bart Digital blockchain plat- form without risk of legal security. “Bart Digital already has over 60 clients across entire Brazil, like São Paulo, Mato Grosso, Paraná and so on. We expect quite a boom this year due to new possibilities and acceptance of blockchain technology. Most customers are input companies, such as investment funds,
chemical factories, distributors, seeds and others,” states Ms Bonora.
On demand
Bart Digital’s clients pay an annual license and there is some on demand specific services that requires further rates. In any case, the start-up has no access to the customer data. Blockchain is a basic technology solution that needs
What is blockchain?
A blockchain is a growing digital list of re- cords, called blocks, which are linked using cryptography. Each block contains a cryp- tographic code of the previous block, a timestamp, and transaction data (generally represented as a mark tree). This “list of re- cords” can be useful in several exchanges of data, increasing transparency, agility and traceability through undeletable digital re- cords. In other words, both parties trust that the blockchain system will register any kind of modification of the contracts. This tech- nology is widely used and known in crypto-
currencies like Bitcoin, but is also very useful for many other applications based on ex- changing information, reliability and tracea- bility. In agriculture, it can accelerate credit concessions, input purchases (seeds, chemi- cals, fertilisers, etc) or trade of products. By design, a blockchain is resistant to modifi- cation of the data. It is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. This way contracts can be made, in real time, between both interested parties without other certifications.
▶ FUTURE FARMING | 24 May 2019 29
connection to data sources and aggregates multiple people in a closed network. To im- prove blockchain for other services, you need more and more smart contacts with more present IoT technology. “Most important is that agricultural producers can generate and ex- change an even greater volume of information that is relevant and interesting. This will be the experience and the result,” she concludes.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52
