CBH Group Tests Block Chain Technology to Protect Agricultural Supply Chain

nnnIn Australia’s largest co-op CBH Group and Sydney’s start-up AgriDigital will launch a pilot project next week to test how the block chains that can be used to create immutable audit trails track the movement of oats throughout the supply chain. According to the head of the group, it is hoped that by testing the block chain technology to prove to the buyer the origin of the crop, thereby increasing the income of the grain growers. Block chain technology has this potential, but still need to be tested.n
nnTranslation: Clovern
nAndy Crane, chief executive of CBH Group, Australia’s largest co-op said, that digital innovation will increase the productivity of the entire agricultural sector and hope that the trial of the chain-chain technology will enable the grain growers to prove to the buyer the origin of the crop, thereby increasing their income.n
nCBH Group is headquartered in Perth, the country’s largest grain exporter, and Sydney’s start-up AgriDigital will begin pilot projects next week to test the block chains that can be used to create immutable audit trails. How to track oats in the entire supply chain exercise.n
nCrane said that if the trial was successful, it would be feasible to manage all $ 4 billion worth of Western Australian food crops through block-chain technology over the next few years because “even for commodities, Ability is also very valuable. “n
nThe test will be conducted at CBH’s Oatmeal Plant Blue Lake Milling (located in the Border Township of South Australia) and will determine whether the technology is suitable for monitoring niche products such as organic cereals or whole grain crops. In addition to testing the origin and quality of documents, the test will also match the transfer of ownership and payment. “The application of block chains in this has great potential, but we need to test it,” he said.n
nBlock chains, also known as distributed ledger techniques, can be used to establish facts at a given point in time by storing the digital representation of real-world transactions or processes. Then, this fact can be trusted by a third party and as proof of the history of the asset. CSIRO’s Data61 department recently said that the origin is one of the most promising applications in the block chain.n
nAs CEO of the CBH Group, Crane will retire from retirement after finding the successor, and he says it will prove that the origin will help the grower to earn more in the export market.n
nHe said:n
nn”As a WA company, we are always thinking about agriculture with export thinking patterns, and when we hope to be in Asia, we will try to get the most value for our food growers in a competitive world market. One of the best ways to achieve this is that the project customers and end customers prove our value, and since we are treated as a reliable high – quality producer, any product with a provenance of origin can create value for Australia.n
nnEmma Weston, chief executive officer of AgriDigital, said that while it is too early to quantify the cost savings of this technology, the technology can include the reduction of logistics costs, including the elimination of duplication at different points in the supply chain The need for data, and other efficiency issues that establish clear regulatory coverage.n
nLast year, the AgriDigital system succeeded in realizing the world’s first real-time settlement of physical goods on the chain chain in the wheat trade between Whillock Pastoral and Fletcher International Exports in Dubbo.n

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