Blockchain Could Improve Export Conditions For Livestock

BTC Wires: According to many veterinary associations around the world, the condition livestock exporting and their reports could be enhanced with the use of the blockchain technology. Recently, the Australian Veterinary Association (AVA) said that the technology could also make the export reporting to be more transparent and secure.

Since the blockchain technology can store and distribute digital data and ledgers (known as blocks), it can do the same for livestock exporting by storing a lot of information like the animal welfare indicator, their case of export and the records for treatment (if any). All of the digitally stored data can be had in a distributed database, but via an encrypted technology.

Researchers even opine that it would be extremely accurate and the data could be maintained securely as once a block of information is added, it cannot be changed. Also, the blockchain technology would make the records verifiable and immutable, which would ensure that no one would be able to make any alterations or changes in the information without others knowing.

Apart from just this, researchers are also working on building a way to use the blockchain technology in real-time app-based analysis of animal health. This could result in groundbreaking success in the field of capturing and accessing the reports in the most transparent way possible.

The introduction of real-time reporting would make it easier to assess and regulate animal health in the shortest time possible and act quickly on the reported concerns. Hence, in order to make such a development in the livestock exporting and app-based real-time reporting sector, major research committees and association are summoning the government to take the lead in this segment.

Also, big-shot stakeholders in the livestock export concerns are invited by such major associations so that this breakthrough blockchain technology can leverage, revolutionise and streamline livestock animal health and be a transparent data collection method.

Dmitriy

Having majored in Social Psychology and Economics, I worked as a team lead of a tech and fundamental analysis lab in the Applied System Analysis Research Institute. I write financial articles for various international media. I also hold the position of a Chief Analyst at RoboForex.