Microsoft has registered a blockchain platform for agriculture in Brazil

07.06.2019

Microsoft has registered in Brazil a package of applications designed to improve the efficiency of the country's agricultural sector.

According to Cointelegraph Brazil, a technology called FarmBeats uses blockchain, drones, IoT, artificial intelligence and big data to increase the productivity of the agricultural industry. It has already been deployed on farms in the United States, India, New Zealand and Kenya, which has reduced water consumption by 30%.

Ranveer Chandra, a scientist who created FarmBeats, noted that the agricultural sector is not keeping pace with new technologies such as big data, AI, and the blockchain. He also said that even in the hunting industry, more digital transformations have occurred, despite the fact that it is much smaller. He stated in an interview with Epoca Negocios magazine:

“Brazil is one of the first countries that comes to mind when we talk about agriculture. We developed FarmBeats so that this technology could be used here and in other developing countries. ”

The publication notes that the importance of new technologies is growing, as farmers try to earn a living by competing with the changing climate and growing demand for products. Chandra explains that production should increase by 70% in the next 30 years if global food needs are met.

The scientist called on the Brazilian government to introduce technology and subsidize it similarly to agricultural equipment and fertilizers. In addition to helping farmers use more efficient resources, FarmBeats can increase yields by providing important statistics on soil temperature, humidity and nutrients.

Recently, the influence of Microsoft in the blockchain industry is growing constantly. Recently, LVMH, Microsoft and ConsenSys created a blockchain platform for checking the authenticity of luxury goods, and a little earlier, Microsoft launched the user identification tool on the Bitcoin blockchain. In the middle of last month, GE Aviation, a leading supplier of aircraft engines, announced that it would track the manufacture of parts, as well as the delivery and operation of finished products on the blockchain platform of Microsoft Azure.

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