DecentraCow… Non-fungible tokens could be coming to a farm near you. A Wyoming cattleman recently started a four-person shop called CattleProof to help fellow ranchers create NFTs for their cows (the same guy also founded BeefChain, which aims to help ranchers sell blockchain-validated meat — call him a crypto bull). Here’s how CattleProof makes it easier to track and sell cattle:
Bored Cow Graze Club… Big Agriculture has been embracing blockchain technology to make supply chains safer and more efficient. More than half of fruits and veggies are lost along the supply chain, leading to $100B+ in annual food waste. Blockchain systems could create more transparency from farm to store:
NFTs are becoming more practical… Early NFT hype centered on digital art, but these tokens can be applied to more than ape collectibles. NFTs are already being used to verify ownership of physical assets, from a plot of real estate to, now, a herd of cows. The latest use case has companies adopting blockchain tech to fix broken supply chains and improve out-of-date systems.