Big corporations implement blockchain for agriculture. That’s why Nagri is important

It was the right time for Nagricoin to introduce Nagri-HL! It is the necessary or agricultural sector to implement new technologies to keep up with the times, and blockchain has become the exact thing modern farmers need.

Not only NagriTech understands that. Huge corporations, supply chain, and shipping giants like Coca-Cola, Unilever, Louis Dreyfus, and Maersk have already started experimenting with transactions and record-keeping on the blockchain. This may be extremely helpful for the crypto industry.

Coca-Cola, for example, tests blockchain technology to incentivize ethical labor practices in their sugar supply chains. They will not only be registering workers and contracts but plan on building in incentives to ensure that the local employers want to abide by the standards.

It also will be easier to involve small-scale farmers into supply chains using blockchain, which will help them get access to the global market. It will be especially useful for the less developed regions (for instance, in Southern Africa).

As the most blockchain sectors, agricultural one has two sides: the high-profile, energetic startups who are trying to get their platform adopted, and the corporate logistics departments who are quietly building blockchains into their current systems.

Here are some other companies working with blockchain:

1. Walmart: They put mangoes on the blockchain, and that’s probably not the end of it. Has also worked with IBM and Tsinghua University on a project to track Chinese pork.
2. Louis Dreyfus: Used a blockchain platform to close a big soybean deal with a Chinese supplier, cutting down transaction time dramatically.
3. Coca-Cola: Building blockchain platforms to help ensure ethical sugar production.
4. Unilever: Working with Provenance to track tea in Malawi
5. Carrefour: Working on a blockchain to help trace product origin.
6. Dole, Driscoll’s, Kroger, Tyson, Nestle, Golden State Foods, McCormick and Company, and McLane Company: Working with IBM to build blockchain tracking solutions.

As we can see, blockchain is exactly what the agricultural industry needs, since parts of the supply chains seem to have skipped over a few key parts of the internet era up until now.