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How Blockchain Will Work in the Grain Industry

System improves efficiency by coordinating people, organizations, and institutions

A blockchain is a type of distributed ledger technology (DLT), meaning it is a data ledger that is shared by multiple entities operating on a distributed network.

According to a report at Precision Ag, its value proposition is that it improves efficiency by coordinating people, organizations, and institutions.

One of the most significant obstacles for BCT applied to agricultural commodities is that some farm production is amalgamated and mixed at the storage and shipping stages.

To read an example of a blockchain operation between farmer, elevator, and the miller, click here.

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