Livestock producers can make a direct connection to the consumer by providing provenance information about their products on a decentralized network. Privacy, accuracy, and security are guaranteed.
Products can now be tracked in real-time so diseases and other animal health situations can quickly be tracked, and prolonged disruptions avoided. Producers remain in control of their data.
Financial institutions and insurance companies are now relying on Blockchain to verify and track livestock. Transfer of ownership is now recorded in a secure, immutable record.