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Blockchain technology is rapidly gaining traction in the agricultural sector. The InsightAce #Analytics report predicts that the market for #blockchain in the agriculture and food supply chain will grow from $280 million in 2022 to over $7 billion by 2031. Blockchain offers transparency and traceability, enabling farmers, producers, retailers, and exporters to monitor and address major challenges in the supply chain.
It also simplifies the distribution of certification data, improves regulatory compliance and reporting, and facilitates advancements in land rights management, food safety tracking, and input traceability. One company leading the way in this field is Dimitra, which integrates blockchain with AI, the Internet of Things (IoT), drones, and satellites to offer digital solutions that help farmers make smarter and faster decisions to improve crop yields and increase sustainability.