The Booming Power of DLT in the Agriculture Sector

The conflict in Ukraine has caused a serious crisis in the agriculture sector. Not only have Ukrainian farmland, machinery and livestock suffered critical damages – the situation in the region has also resulted in a massive decline in the supply of many food products and a global increase in food prices due to Ukraine’s crucial role in the export of wheat, corn and sunflower oil. This crisis will have severe consequences in regions that already suffer from poverty and food shortages, and quick actions must be taken to tackle these challenges. In the light of these events, INATBA’s Social Impact & Sustainability and Finance Working Groups wanted to highlight the potential of path-breaking and innovative technologies such as blockchain/distributed ledger technology (DLT) to solve problems in the agricultural sector. This event showcased a few use cases where blockchain/DLT is used in this sector. 

Please contact the co-chairs of the Social Impact & Sustainability Working Group at social-impact-wg-cochair@inatba.org or the Finance Working Group at finance-wg-cochair@inatba.org if you want to learn more about the work these groups are doing.

You can watch the recording of the event in the video below.