To improve the yield and quality of the farm produce requires monitoring and maintaining the soil and crop conditions as prescribed. Smart farming enables this, and it involves the following aspects-
- Soil monitoring – Using IoT, we can capture soil condition parameters such as soil moisture, temperature, nutrition values and correlate them with weather conditions. This information can help farmers to optimize soil conditions suitable for crop.
- Crop monitoring – Using drone and AI capabilities, we can monitor the crop condition and detect crop related issues. This will help farmers to monitor crop growth, harvest ready crops , any potential losses in the crop due to anomalies etc. Farmers can increase crop yield based on insights from the analysis of collected data.
- AI based bot assistance to farmers to address queries related to productivity and identify ways to improve their yield.
- Contract farming – Use of blockchain technology can help farmers keep records of the crop cultivated throughout its lifecycle by recording critical parameters such as soil moisture, temperature, and nutritional values throughout its lifecycle. It will help bring visibility and trust in the contract farming ecosystem for the organizations using the farm produce into their products.
Consistency in the quality of the farm produce by using emerging technologies along with traceability of the products will bring significant benefits to the Agri-industry and help establish accountability.
Traceability of the product till destination requires a transparent supply chain which needs integration with several systems.
A complex supply chain ecosystem demands collaboration and coordination between multiple stakeholders at various stages. Some of the common challenges in a supply chain ecosystem are:
- A lot of transactional product data is generated and stored in silos. This creates interdependencies that inherently lead to process inefficiencies.
- Along with the movement of a physical product, parties need to manage and process various documents at each touchpoint.
- For a lean and transparent supply chain, traceability is at its core.
The traditional approach of integrating systems does not fit the bill because it entails huge costs and it does not fully address the concern around data security and integrity.
Blockchain as an enabler
An alternative enabler to address these challenges is blockchain, with its immutable distributed database architecture and consensus-based data sharing.
- Blockchain provides the capability to acquire data from disparate systems with the provenance of data, making it ideal for addressing supply chain business drivers.
- Blockchain can securely and easily capture and maintain transactions with key attributes about the product throughout its lifecycle.
- As a single source of truth for logistics transaction, blockchain can enable various business functions such as traceability of the shipment, supplier payments, reverse logistics, proof of authenticity, supplier performance and the likes.
- Blockchain can also store and share documents such as invoices and trade certificates securely on demand.
All these use cases are potential candidates for a blockchain-based solution with a high return on investment. Therefore, we are witnessing many early adopters of blockchain in the supply chain segment, after the financial services industry.
Capgemini’s Sector hub – has developed an IOT & Blockchain based Smart farming and trusted logistics solution that ensures farm produce quality and its traceability right from farm to last mile delivery.
- Its modular architecture makes it easy to adopt within the supply chain processes of various industries.
- It improves aftermarket sales and arrests counterfeit products by lending traceability and proof of authenticity to business users and consumers alike.
- Increased yield, increased trust between farmers and the organizations.
- Reduced losses for farmers.
You can connect with Rahul Pandhare for more on this topic.