Realizing the potential benefits for the agriculture sector, IAF has begun the development of AgriChain, an agriculture-specific blockchain designed to help the sector take advantage of this innovative technology.
With the ever-growing use of digital solutions in our everyday lives, both personal and business, innovative security options are a necessity to keep data and information safe, private, and trustworthy. Blockchain technology provides a transparent and safe means to store, validate and protect information. Blockchain technology is well-established with cryptocurrency transactions and offers significant value in other areas, such as credential verification, certification status and public trust models.
In the coming year, IAF will be exploring the potential uses for this technology with both the Province of BC and select industry groups. While this project is in its early stages, IAF hopes to pilot this program with an agricultural certification in 2023.