Agricultural settlements are a long-term problem for agribusiness.
The farmer is always taking on all of the ‘counterparty risk‘ – the chance that the buyer won’t or can’t pay.
AgriDigital created a blockchain for agricultural settlements – ensuring farmers get paid for their crop as soon as it get sold – and not six months later.
Land title registries will be using blockchain – once the various bureaucratic difficulties get sorted out. It might work something like this:
Arianee is creating an asset registry for luxury items – very similar to the blockchain application described in the middle of the episode. Here’s a short video about what they’re up to:
In 2015, IBM and Samsung jointly announced their ADEPT initiative – to bring blockchain security to all of the connected devices in our world.
Here’s IBM’s whitepaper describing their goals for ADEPT – which could bring blockchain to almost all connected devices, numbering in the tens of billions:
IBM ADEPT Practictioner Perspective – Pre Publication Draft – 7 Jan 2015
The University of Melbourne has tested a blockchain-based solution to provide access to verifiable academic credentials. Graduates can expect a system like this to be in common use within the next few years.