Blockchain technology has shown that it can transform data-driven markets, such as finance. However, the technology is industry-agnostic and can be applied across the board in ways specific to each industry. For example, it can be used in agriculture, the oldest industry in the world, and one that’s part of the primary sector of almost every economy globally.
Agricultural technology (AgTech) is growing rapidly to streamline and automate multiple processes. Thanks to a range of innovative technologies, including blockchain, artificial intelligence (AI), and satellite and drone imagery, farmers can scale their businesses, reduce costs and expand their reach.
In recent years, farmers and other industry players have adopted AgTech for a variety of use cases, including farm management, remote sensing, precision agriculture hardware and automation, among others. North America and Europe are leading the way in AgTech adoption, while Asia remains an untapped market. According to a McKinsey survey published in 2023, more than 60% of polled farmers in Europe and North America are currently — or are planning on — integrating innovative technologies, with Asia lagging by a wide margin at only 9%.
Regions using or planning to use at least one technology within two years. Source: McKinsey
AgTech has evolved rapidly, giving today’s farmers access to many offerings. Dimitra, a leading AgTech firm, offers a comprehensive tech stack that utilizes the latest technological innovations in agriculture, including blockchain, AI, drone imagery, Internet of Things (IoT) sensors and genomics, among others. Dimitra’s tech stack makes it easy to adopt AgTech on any farm, helping farmers scale their businesses, cut costs and improve the quality of
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