b'allows us to potentially de-commoditize the commodity. How do you grow an ingredient and not just a commodity? The ability for a farmer to capture existing data and share it and get paid for it is key. Farmers are willing to record information more accurately if theres monetary value attached to it.Looking forward, OSullivan believes one of the benefits of blockchain is the anticipation of a new type of co-op model for the industry.We see many organizations joining as equal participants offering their services [and involving their clients] to share in the benefits of the model [i.e. seed, input, insurance, logistics, financial services and government regulators], he adds.Blockchain has the potential to be key in an ever-expanding toolbox for the farm and food sector, by potentially linking all this data together. Blockchain is about collaboration for mutual benefit, a unified marketplace of goods and services that enables greater efficiencies, transparency and true price discovery along the supply chain.The implications for traceability are clear. Miller notes blockchain goes well beyond traceability. Organizations/value chains across the globe are looking at how blockchain can Rory OSullivan is CEO of Grain Discovery. increase their operational efficiencies and reduce administrative burden.Farmers generate a lot of data now. Up to now, the pain pointFor example, part of an IP program involves the use of has been the lack of a database that can connect the variouscertified seed. With blockchain we can create digital handoffs data silos together. Blockchain is the ideal enabler of that. Andversus paper handoffs and re-imagine an IP program.that data is very valuable, especially in this era of growing ingredients, he says. Potential for Digitally Connected Value ChainsFor identity preserved soybeans, theres a 35 per centWhat has happened as part of this pilot project is a digitally premium based on traceability. The advent of on-farm storageconnected value chain has been created, Miller says. As a result, we are allowing consumers to connect and interact with producers in a new way. One example of this is using the payment capabilities of blockchain technology to introduce a tipping feature, he says.Support from the grain industry will be key. Crosby Devitt, vice-president of the Grain Farmers of Ontario, says the pilot project will help the grain sector better understand the implications of blockchain.Now comes the challenge of figuring out how we create value out of this. There are a lot of steps between the farmer and consumer, and if you close those gaps you get better signals from the market. The consumer can now literally see the farmer S erving You F31 Ye ars who grew the food they bought, he says.or More Than As for next steps, Miller says this pilot has provided key insights into how blockchain technology can be used by the SUKUP Grain Bins, Aeration, Bucket Elevators & Chainseed and the agriculture sector.Conveyors We hope to build upon this pilot by expanding into new HUTCHINSON Grain Pump Chain Conveyors crop kinds and more pilot projects. CSGA, along with its Seed RAD Bucket Elevators & Chain Conveyors Synergy partners and other key value chain partners, recently LAMBTON Bucket Elevators submitted a funding request to Innovation, Science and & Chain Conveyors Economic Development Canadas Strategic Innovation Fund WESTEEL Grain Bins & Aeration where blockchain technology was a pillar of the submission.MERIDIAN Hopper Bins OSullivan adds that blockchain offers a whole new value TEMPERATURE/MOISTURE MONITORING Bin Sense / proposition for countless parties within the industry.Intra Grain - OPI Cables"It is also important to note that blockchain does not replace 504 - 2903 Kingsview Blvd., Airdrie, ABT4A 0C4PH: 403-948-7810 Fax: 403-948-3189 legacy systemsits a layer that sits above your system and 1-800-561-5625Representatives in Alberta, Saskatchewan & Manitoba enhances the value of it."www.skywaygrainsystems.comE-mail: [email protected] Zienkiewicz50seed.ab.ca'