{"id":604928,"date":"2018-12-17T04:23:13","date_gmt":"2018-12-17T04:23:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/blockchain-and-the-iot-are-changing-how-rice-is-cultivated\/"},"modified":"2018-12-17T04:23:13","modified_gmt":"2018-12-17T04:23:13","slug":"blockchain-and-the-iot-are-changing-how-rice-is-cultivated","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/blockchain-and-the-iot-are-changing-how-rice-is-cultivated\/","title":{"rendered":"Blockchain and the IoT are changing how rice is cultivated"},"content":{"rendered":"

A Taiwanese startup is using blockchain technology and the internet of things to change rice production<\/b>, the FT reports.<\/a> Sensors planted in the rice fields of isolated eastern Taiwan record weather patterns and chemical changes in soil, and then store that information through blockchain secure technology.<\/p>\n

The amount of information and the transparency with which it is collected and stored is changing agricultural practices in the area.<\/b> Farmers transitioning their crops to organic farming know they have data to back up their claims to consumers. But this trove of data is also a key tool for unraveling the impact of climate change on the rice crop.Though many families follow the traditional farming calendar, shifts in the climate mean the calendar does not match up with the ideal growing season. The sensors\u2019 data will help farmers avoid weather-related risks to their harvest, which will eventually minimize the wild swings in agricultural commodity prices that follow natural disasters (watch, runtime: 3:20<\/a>).<\/p>\n

Apart from agriculture, blockchain is also making quiet gains in the world of cross-border currency transfers<\/b>, the salmon-colored paper reports<\/a>. JP Morgan\u2019s Interbank Information Network (IIN) has been offering an efficient way for banks to transfer USD across borders and institutions through a system that eliminates the common two-day delays that plague problematic payments. Despite currently processing a fraction of the payments fintech startups do, IIN is growing swiftly.<\/p>\n","protected":false},"excerpt":{"rendered":"

A Taiwanese startup is using blockchain technology and the internet of things to change rice production, the FT reports. Sensors planted in the rice fields of isolated eastern Taiwan record weather patterns and chemical changes in soil, and then store that information through blockchain secure technology. The amount of information and the transparency with which […]<\/p>\n","protected":false},"author":1,"featured_media":604929,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9004],"tags":[97,707,72,639,2388],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-watching","tag-agriculture","tag-blockchain","tag-enterpriseam","tag-technology","tag-worth-watching","wpautop","entry"],"acf":{"mongo_id":"d6bb1421-b070-4592-9779-82590027ea81","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2018\/12\/3569.jpg","photo_position":"above","related_issue":[604907],"teaser":"","voice_url":""},"yoast_head":"\nBlockchain and the IoT are changing how rice is cultivated - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/blockchain-and-the-iot-are-changing-how-rice-is-cultivated\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blockchain and the IoT are changing how rice is cultivated\" \/>\n<meta property=\"og:description\" content=\"A Taiwanese startup is using blockchain technology and the internet of things to change rice production, the FT reports. 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The system dramatically cuts down on banking processing costs worth mns of USD and eliminates the need for bank accounts. Instead, aid recipients\u2026","rel":"","context":"In "Worth watching"","block_context":{"text":"Worth watching","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-watching\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/5\/50.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":651282,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/08\/capmas-says-climate-change-will-affect-wheat-rice-harvests\/","url_meta":{"origin":604928,"position":2},"title":"CAPMAS says climate change will affect wheat, rice harvests","author":"enterpriseam admin","date":"8 February 2017","format":false,"excerpt":"The Central Agency for Public Mobilization and Statistics (CAPMAS) published a report suggesting climate change will have a direct impact on domestic harvest, Al Masry Al Youm reported. A rise in one degree Celsius will reduce annual production of wheat from 9 mn tonnes to 8.3 mn tonnes between 2014-15\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634706,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/egypt-should-be-looking-into-blockchain\/","url_meta":{"origin":604928,"position":3},"title":"Egypt should be looking into blockchain","author":"enterpriseam admin","date":"22 January 2018","format":false,"excerpt":"Blockchain is an important leap in technology that Egyptian companies should study thoroughly, Ibrahim Mostafa writes for Al Borsa, arguing that we must keep up and look ahead at how it will shape the global banking sector down the line. 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Of the 1,053 executives surveyed for the report, nearly 75% see a compelling business case for it and 84% forecast the mainstream adoption of blockchain in the near future. Considering\u2026","rel":"","context":"In "Worth reading"","block_context":{"text":"Worth reading","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-reading\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/5\/2080.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570817,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/15\/can-africa-imitate-chinas-rapid-development\/","url_meta":{"origin":604928,"position":5},"title":"Can Africa imitate China\u2019s rapid development?","author":"enterpriseam admin","date":"15 April 2020","format":false,"excerpt":"Can Africa imitate China\u2019s rapid development? Africa could harness its manpower and natural resources to generate massive economic growth, the Economist reports (watch, runtime: 15:36). 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