Blockchain has been making waves in industries everywhere. And now it has penetrated the unlikeliest of places – the Wyoming cattle business. In 2017 Wyoming ranches generated $1.1 billion in cattle sales and the state is home to 2.1 million cows.
A new blockchain start-up, BeefChain, wants consumers to be able to track the farm conditions of the beef they buy in stores.
BeefChain claims this will benefit not only consumers but also the ranchers. Currently, ranchers who diligently raise cattle in healthier conditions often receive similar prices to cattle raised in unknown circumstances.
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