Yesterday, Alipay operator Ant Financial partnered with
Bayer Crop Science for blockchain solutions in the food and crops industry. The leading firms signed a Letter of Intent to bring the technology’s transparency and traceability to food safety and agricultural supply chains.
The news was announced at this week’s Apsara Conference in Hangzhou, China. Today, Ant Financial also revealed that it is extending its partnership with Hyperledger, and the two will work on interoperability, standards, and blockchain applications.
Ant’s blockchain as a service (BaaS)
offering supports both its own Ant Blockchain and Hyperledger Fabric. The technology will now be brought to agriculture with German firm Bayer. Bayer is best known as one of the world’s largest pharmaceutical companies but is also a big name in crops. It acquired US seeds and agrochemicals firm Monsanto in a $63 billion deal last year.
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