- The Mexican state of Tamaulipas is turning to blockchain to track grain production and distribution
- This project is set to increase transparency and clarity in the grain production by monitoring the harvest right from the farm before taken to the marketplace
- The manipulation-resistant certificate lets the GrainChain system allow buyers and sellers to transact without knowing each other
On Thursday Forbes reported that the state of Tamaulipas, Mexico, will support the incorporation of blockchain technology to track grains. This move will enable the state to use blockchain and Grainchain, and the Internet of things (IoT) software providers to keep track of soybeans, sorghum, and corn commodities.
This first venture for Tamaulipas is mainly for data purposes; to keep accurate statistics of the produce. Similar to other recent blockchain projects used to trace the supply chain, the project is aimed at increasing transparency and clarity in the manner in which the grain commodities are tracked right from the farm to the marketplace.
Revolutionizing grain production
Tracking the movement of grain through the supply chain has historically been challenging and inefficient. Generally, data collection involving aspects such as weight, condition and much more was being done manually. This wasn’t transparent, and at times, grain producers were taken advantage of. After the implementation of GrainChain software by Tamaulipas for its grain commodities, there has been a significant improvement. Tamaulipas has become the best sorghum producer in Mexico which is the main ingredient used in animal feed.
GrainChain software helps to validate the legitimacy of the grain by providing clarity on their sources, and all the necessary information about the grain. Well, grainChain will use blockchain technology integrated with the Internet of Things (IoT) technology to offer accurate tracking, data, clarity, and credibility of the commodity during the supply chain. GrainChain enables consistent and precise tracking of product from the field to the market which will be not only transparent but also quick.
GrainChain solving real problems
GrainChain reduces the time taken for the grain to be dropped off at a silo to when the farmer receives the payment for their products. It usually takes less time to process paperwork after farmers drop their products at a silo. Both blockchain and IoT software have incredibly improved throughput capability and efficiency in the processing phase. With the manipulation-resistant certificate, GrainChain’s system can also offer trust and a new marketplace for buyers and sellers to confidently transact without the need of knowing and trusting each other.
GrainChain has a complete set of capabilities that are aimed at providing a marketplace where both buyers and sellers can meet and interact. The primary objective of the state of Tamaulipas is a statistical application for data processing with more improvements that will revolutionize the whole grain process. As per their plan, Tamaulipas are interested in the implementation of the project in all aspects of GrainChain starting this season and involve it more than often as time passes by. Although this marks their first season for implementing the system, surprisingly, the application has been used in Texas since September 2018.