The bipartisan House Bill 1247, filed last Friday, calls for the Colorado Department of Agriculture to form an advisory group studying how a blockchain could be used to monitor farm conditions, planting cycles, crop estimates and transportation of livestock, corn, wheat and the state’s other products. The bill’s text suggests that a distributed ledger could be used for several agricultural functions, including inventory control, tracking seed orders, upkeep on farm equipment and verifying organic products.
If the Colorado bill passes, the new advisory board will have until June 2020 to report back to legislators with recommendations for legislation implementing the use of blockchain in the state’s farming and food-supply sectors….
An excerpt fromState Scoop