Blockchain Technology Explored By Dairy Farmers Of Americabr>
DFA is a national milk marketing cooperative in the United States. It is a farmer-owned entity and serves more than 14,500 dairy farmer-members representing more than 8,500 dairy farms in 48 states. DFA offers a variety of member services through its Farm Services Division, which comprises the following businesses: DFA Energy, DFA Farm Supplies, DFA Financing, DFA Grazing, DFA Insurance, DFA Risk Management, Empire Livestock Marketing and Dairy One.
Founded in 2017, ripe.io is altering the trajectory of the food system through blockchain technology and the Internet of Things (IoT). It is building a transparent digital food supply chain that harness quality food data to create the “Blockchain of Food – an unprecedented food quality network that maps the food journey to answer what’s in our food, where it comes from, and what has happened to it.” The startup recently completed the 2018 Sprint Accelerator program, which is sponsored by DFA.
The two companies will be conducting a pilot project to increase supply chain transparency and better connect DFA farmers with customers. The project will utilize ripe.io’s platform and will leverage data from a group of DFA member farms as well as one of DFA’s manufacturing plants to support more consumer engagement.
David Darr, vice president sustainability and member services at DFA, said that consumers today want to know where their food comes from and blockchain technology, like ripe.io, gives consumers real-time data, which can really help increase trust and confidence about food production from start to finish.
“We know that there’s a lot of application for blockchain technology within agriculture, and we ultimately want to help our dairy farmers be on the forefront,” Darr said. “For now, our goal is to evaluate the technology and explore how it might benefit our supply chain.”
Raja Ramachandran, CEO and co-founder at ripe.io, said that they’ve led and participated in many other pilot projects and know there are tremendous possibilities with blockchain and agriculture.
“DFA has been a great partner for us, and we look forward to working with them to better understand the potential value blockchain can provide for dairy,” Ramachandran said.