On Nov. 18, blockchain solutions provider BlockApps launched a blockchain-based agricultural crop tracking network called "TraceHarvest" — and one of the largest companies in the world, Bayer (OTC:BAYRY), is among its first users.
TraceHarvest reportedly provides users with the ability to trace the life cycle of agricultural products starting from the source of seeds, all the way to defining the responsibilities of each party involved in the supply chain. The platform also provides users with information in real-time, ideally mitigating problems associated with manually tracking crops.