Battling deforestation with the help of blockchain and AgTech
Blockchain technology has long been a part of the revolution in global supply chain management and the agricultural business. However, as the world continues to face the adverse effects of global warming and the increasing need to change how companies approach natural resources, this technology has an even larger role to play.
Deforestation is one of the main contributing factors to the rapid increase in the net global temperature. Forests make up an essential part of the flora and biological diversity of the planet, and as industrialization and urbanization set in, deforestation is becoming an evident problem.
Blockchain technology and AgTech can play a significant role in helping slow down the rates of deforestation globally. What’s more, companies and businesses are starting to take notice, and more entrepreneurs are utilizing this type of technology at the very core of their operations.
AgTech helps fight deforestation by supporting the development of sustainable supply chains. Through blockchain technology, AgTech can help business owners and farmers trace the origin of agricultural products, ensuring that they are produced using sustainable practices.
Importantly, AgTech can help boost sustainability across the supply chain through the use of precision agriculture tools such as sensor networks, drones and precision planting equipment. These tools can help farmers better understand their land’s conditions and make more informed decisions about planting, irrigation and other aspects of farming. This can lead to increased crop yields and lower production costs which, in turn, can reduce the need to clear new land for farming, and ultimately reduce the environmental impact of the agriculture sector.
What’s more, as
Read more on cointelegraph.com
