Four senators and representatives from U.S State, Colorado, is leading a movement that seeks the adoption of blockchain technology in the agricultural sector.
On March 15, the lawmakers submitted House Bill 1247 which upon approval will mandate the State’s Commissioner of Agriculture to create an advisory group that will figure out how to apply blockchain technology to agricultural operations.
Among the different applications that the lawmakers suggest the application of blockchain technology includes:
Traceability of product origin from farm to shelf
Monitoring of in-field conditions including weather, soil quality and state of farm equipment
Maintenance of farm records
Verification and certification of organic products, etc.
If the Colorado Senate were to give its approval for the bill, then the appointed advisory group will have until January 15, 2020, to get back to the assembly with their findings, proposed use cases and recommendations for legislation if any.
The introduction of the bill last week was only the first phase to securing approval since still has to pass a third reading in the Assembly to stand any chance of being adopted in Colorado.
However, if previous results were put into perspective especially with earlier decisions in favor of blockchain technology in the State, then it would not be wrong to say that the lawmakers will likely record success by the end of the day.
On March 12, Stmarket.co reported that Colorado Governor, Jared Polis who is a big fan of blockchain technology signed into law the “Colorado Digital Token Act” which exempts cryptocurrencies from the same classification as traditional securities.
Also, recently, Denver a city in Colorado announced that they are going to adopt blockchain technology at its upcoming election. These small wins for blockchain technology in Colorado may likely help the State achieve prominence and attract a lot of startups plying their trade in the emerging industry.
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