Why interoperable data will save time and money for ag
A great example is email. The various email systems such as Gmail, Outlook, Hotmail etc., exchange emails efficiently because their industry has created interoperable data standards and open-source tools that they all utilize. They do not need to develop separate code for each different email system they are sending emails to. Imagine the cost and the lift if each company had to “invent” email every time they set out to make their solution.
The hand-me-down nature of data systems that have been adapted to our needs instead of designed for them is probably one of the major reasons we have not yet solved this puzzle. This is an exciting time for our industry, not just because we are likely on the cusp of many great new innovations, but because we have been invited to the table to represent fresh produce and floral in the earliest phases of development.
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Blockchain for Decentralized Autonomous Organizations (DAO): Covid-19 Impact
Decentralization is at the core of the crypto-currency revolution, and its importance is increasing in the post-Covid-19 era. The Bitcoin Foundation’s Manifesto states: “the technology is completely decentralized, and the founder does not head up an organization that sets the strategy, governance, and standards.” In fact, Bitcoin was the first Decentralized Autonomous Organization (DAO). There is no centralized hub or authority that owns and runs “the Bitcoin.” The governance is by consensus through Bitcoin Improvement Proposals (BIPs). Contrast this how various solutions are governed in, say, centralized financial organizations such as large Banks, with often archaic and rigid hierarchical structures. Now, there are many DOAs and a robust DAO ecosystem.
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