Microsoft has decided to register a suite of blockchain applications in Brazil. According to the technology giant, the applications are designed to make the agriculture sector more efficient.
FarmBeats — the technology suite — will use various forms of technology such as IoT, blockchain, drones, big data, and artificial intelligence (AI) to enhance agricultural productivity. Brazil is not the first country for the suite to be rolled out; it has already achieved a 30% water consumption reduction on farms located in countries like United States, New Zealand, Kenya, and India.
FarmBeats creator scientist Ranveer Chandra stated that the blockchain big data and AI benefits have for a long time evaded the agriculture sector. He even noted that hunting, as a smaller industry, has realized more digital transformation.
In addition, he told Epoca Negocios, a business and economy magazine:
“Brazil is one of the first countries that comes to mind when we think of agriculture. We developed FarmBeats so that its technology could be applied here and in other developing countries.”
With the growing produce demand and climate change issues, the technology will enable farmers to bypass the struggle of making a living, according to the magazine article. In order to fully meet food requirements in the world, Chandra argues that there should be a 70% increase in production in the next 30 years.
Brazil’s government needs to embrace and subsidize the technology just like the way it does to fertilizer and farming equipment. FarmBeats claims the technology will not only help farmers improve the efficiency of resource use but will also deliver vital statistics like soil nutrients proportion, moisture content, and temperature that allow for more accurate farming.
Of late, Microsoft has been making big strides in the blockchain arena. For instance, it came up with a new Azure Blockchain Development Kit, which developers can use to build apps on the Ethereum blockchain.
Likewise, in May, the firm revealed that it is in the process of building the Identity Overlay Network (ION) — a decentralized identity network — using the Bitcoin network.