This will help Ant Financial (formerly Alipay), with which the giant had signed an agreement to develop solutions based on the blockchain, which will increase the efficiency and income of farmers ensure production of high quality products and will assist in the process of digitization of the industry.
According to the Vice-President Ant Financial's Intelligent Technology Group Jeff Jiang, the cooperation aims to improve the transparency and responsiveness of the supply chain in Bayer, and improve our products for consumers, farmers and the whole society.
Ant Financial, founded in 2014, 33% owned by Alibaba — China's largest multinational conglomerate.
It is worth noting that the use of blockchain technology in agriculture is becoming popular all over the world.
For example, in Tatarstan the first farms that have adopted this technology.
In Brazil the state of Bahia has launched an app of the blockchain to track the process of public bidding for public contracts.
And legislators in the us state of Colorado is considering the possibility of the use of the blockchain in the agricultural sector.
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Read more on IDK.ru:
https://exp.idk.ru/news/world/bayer-sozdast-blokchejn-sistemu-monitoringa-selskokhozyajstvennoj-produkcii/497677/
Translated by service "Yandex.Translation"