Italy: Blockchain Provides Solutions for Agriculture 4.0

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The latest research from the Smart Agrifood observatory at the School of Management of the Politecnico di Milano gives a clear outlook of the Italian market of Agriculture 4.0. Digital innovations such as Blockchain technology, the internet of things, smart contracts, artificial intelligence and others have entered the Agrifood chain with massive solutions which have triggered competitiveness in the overall industry. Therefore, it has increased the quality and traceability of Made in Italy food products.

Currently, there are more than 133 technological solutions for traceability operating within the Italian market. In addition, 44% of the firms that adopted them have advanced in efficiency, competence and effectiveness hence lowering significantly the time and costs, 01net reports.

Top 3 European Countries in Agricultural Production
Digital technologies have a significant impact on the efficiency, organization and effectiveness of food traceability exercises. 30% of firms which adopted digital traceability solutions registered a decrease in data entry errors and the major risk of altering (tampering). Around 27% registered a reduction in the costs needed to activate the traceability procedures and 21% was achieved for saving time during data collection.

Procedures and relationships in the supply chain also gain much from these solutions. In particular, regarding inventory management costs (15%), the decrease in food waste (14%) and the union of supply chain relationships (13%). At least 13% of firms also experienced a greater surge in sales. While more than 14% highlights the dire need to concentrate on solutions to advance certification processes.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/blockchain-provides-solutions/