Wayne McNee (LIC)

Credit: Supplied

Genetics and farm services cooperative Livestock Improvement Corporation is investing in a blockchain company and a developer of cloud-based mastitis testing technology.

LIC also increased its investment in its AgCelerator Fund designed to deliver more value to New Zealand dairy farmers. 

The cooperative invested in Auckland-based TrackBack, which is using blockchain in the agriculture sector to provide trust and transparency through the supply chain.

Fueled by the pandemic, traceability was increasingly front of mind for consumers, LIC said, and the data the cooperative holds on animal health was an important contribution to providing quality assurances for New Zealand dairy farmers.

The Trackback investment could improve global confidence in the quality, integrity and provenance of produce.

(Excerpt) Read more Here | 2020-11-08 20:00:02
Image credit: source

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