Blockchain Has `Incredible Potential' in Agriculture: Rabobank

(Bloomberg) -- The “need is there” to use blockchain technology to track the movement of cattle, cattle payment and ownership, Don Close, animal protein analyst with Rabobank, says in interview at co. event in N.Y.

  • Overall, there’s “incredible potential” in agricultural commodity sales, both in U.S. and globally
  • “They are using blockchain in wheat merchandising in Australia and a lot of the attention has been given to that development because if it’s successful in wheat trade there, there will be interest to adapt the technology into other agricultural and livestock markets as well”
  • NOTE: QuickTake: Bitcoin and Blockchain

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