AgriDigital Chief Executive Officer Emma Weston said blockchain and distributed ledger technologies were already being shown to hold exciting opportunities in agriculture.
“The potential of blockchain to increase efficiency and trust throughout agri-supply chains is broad including providing back office cost savings, creating digital title to commodities, removing double data entry, proving a clear chain of custody and supporting full traceability of commodities,” Ms Weston said.
CBH and AgriDigital will assess the benefits of blockchain technology in grains handling, with a pilot going live this month at oats processor Blue Lake Milling, a wholly owned subsidiary of CBH, in Bordertown, South Australia.
The pilot will run using AgriDigital’s agri-blockchains and smart contract library, and will be one of the first of its kind globally.
AgriDigital and CBH Group launch the pilot partnership at the Australian Grains Industry Conference i...