Bayer CropScience, the agricultural division of the German pharmaceutical company Bayer AG, has teamed up with the Startup BlockApps, which in turn is being sponsored by the blockchain service provider ConsenSys. BlockApps has informed Cointelegraph of the relevant developments on March 22.
Bayer CropScience has been working with BlockApps on several agricultural blockchain projects since the beginning of 2018.
Will Bayer incorporate Bitcoin?
To expand its global supremacy in the pharmaceutical and chemical industries, Bayer AG acquired the American seed producer Monsanto in June 2018. With this, the group hoped for a meaningful addition to its own portfolio, but the controversial decision continues to make headlines in Germany. However, the use of Blockchain in the agricultural department now suggests that Bayer has not given up the industry yet.
The BlockApps spokesperson noted to Cointelegraph that more details on the collaboration with Bayer will be released soon at the “Blockchain for Food Supply Supply Chains” conference to be held March 26-27 in San Francisco.
BlockApps offers Blockchain Business Services (BaaS)
The product BlockApps Strato emerged from a partnership between ConsenSys and the Microsoft cloud platform Azure, with the development of an Ethereum (ETH) platform for enterprise customers. These can in turn integrate the platform into their networks.
BlockApps is a founding member of the Enterprise Ethereum Alliance (EEA)
That’s the world’s largest open source blockchain initiative. As of 2017, the EEA had more than 150 blockchain startups and Fortune 500 companies, including JPMorgan and Cisco. In addition, BlockApps is the first Blockchain company to work with all major cloud services, including Azure, Amazon Web Services, and Google Cloud.
Blockchain technology is becoming increasingly popular in the agricultural sector
For example, the Colorado State Senate recently proposed a bill on blockchain use in agriculture. To examine such a law, a working group will first be set up to investigate the prerequisites and effects.