Novuszilla works on the solution of providing the traceability of information in the food supply chain to improve food safety in agriculture. Novuszilla works on blockchain’s ability to store and manage data which creates traceability, used to facilitate the development and use of innovations for intelligent farming and index-based agriculture insurance. Novuszilla takes a huge step forward in the world of modern agriculture.
The solutions provided by Novuszilla can track all kinds of information regarding plants, including the quality of the seed, how crops grow, and even create a record of a plant’s journey once it leaves the farm. This data can increase the transparency of supply chains and reduce issues related to illegal and unethical production. They can also make it easier to trace any contamination or other problems back to their source in the event of a recall. The top priority with these technologies is sustainability and food security which Novuszilla makes sure of.
Here is a detailed process of how blockchain can transform the way of producing crops or food items: Blockchain can transform the way of producing crops or food items.
IoT devices generating data
Cleaning and Enrichment of the collected data
Making the data more insightful with machine learning algorithms
Data gets saved on the blockchain
Food Supply Chain
Food Supply Chain tracking is critical to explore the food’s source. It ensures that the supplied eatables are safe to eat.
But when it comes to how the food supply chain is managed currently, it becomes challenging for the food producers and retailers to confirm its origin.
With the emergence of the blockchain, it has become possible to bring trust and transparency in the food supply chain ecosystem, ensuring food safety for everyone.
IoT sensors generating data or Farmers storing data
Distribution of grown crops to the food processing companies
Supply of Processed Food to Wholesalers and Retailers
Consumers can backtrace the supply chain
Blockchain-enabled Weather Control Process for Agricultural Fields
Blockchain can help farmers in controlling weather crisis with the help of three steps:
Agricultural Weather Stations sending essential information to the blockchain
Farmers can take preventive actions
Quick application for the crop insurance
Managing Agricultural Finance
Lack of transparency, credit histories, and difficulties in contract enforcement are among the countless problems confronting formal financial inclusion and smallholders.
The inability to access financial services can have an adverse impact on agricultural value chains’ performance, which may lead to- producers not maximizing their yields and Buyers facing struggles to ensure an efficient supply of commodities.
Blockchain brings fairness in the process of agricultural finance via transparency and shared control accessibility. Novuszilla can help in managing agriculture finance with the help of Stakeholders sharing information at every step of food production and Auditors can effectively conduct audits as blockchain can also serve as a verification source for the recorded transactions, as it can store information permanently and securely. Instead of asking farmers or retailers to send financial reports for auditing purposes, the auditors will verify the transactions directly via blockchain ledgers.
The automated auditing process can make the audit environment cost-effective. Rather than carrying out assessments at the end of the year, audit firms will be in a position to conduct audits throughout the period.Blockchain will make it possible to replace the random auditing by auditors, making it more useful to access every single transaction.
Novuszilla believes when consumers have this level of transparency, they can make informed decisions about their purchases. Often, they’ll use this information to reward farmers and producers who employ positive practices.