Articles

Agriculture, AgTech Michael Macolino Agriculture, AgTech Michael Macolino

Insights from Evoke Ag 2020

Following the success of the inaugural AgriFutures Evoke Ag in 2019, this year's event was attended with much anticipation by 1300 delegates from 22 countries. Solidifying its position as Asia Pacific’s largest Agrifood Tech event.

Key Insights:

  • AgTech startups have matured their business models.

  • Plant based protein and Regenerative Farming are entering the AgTech discussion.

  • Farmers call bulls**t on AgTech buzzwords.

  • Evoke Ag is heading to Perth in 2021!

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Increasing trust and transparency in agri-business with blockchain

By now, we have all heard of Cryptocurrency. However, the real power of this emerging currency lies in the underlying Blockchain technology. This has the potential to revolutionise the agriculture industry, mitigating risk and supply chain issues in a number of ways.

What is blockchain?

The central concept of Blockchain is that it is a distributed database or ledger, replicated across a network of computers, providing both transparency and security. Blockchain's other key element is that it's cryptographically validated, linking one set (or "block") of transactions to the other. This means once a transaction has been completed, it's impossible for that to be changed because all computers on the network have exactly the same copy.

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