Bayer AG Partners with ConsenSys-Backed BlockApps

Bayer CropScience, the agricultural division of American pharmaceutical giant Bayer AG, is collaborating with Consensys-backed startup BlockApps. This comes according to a Cointelegraph report published earlier today.  

A Bayer Cropscience spokesperson told Cointelegraph that the Germany-based company has been working on many blockchain initiatives with BlockApps since early 2018, so the partnership is not fully new.

Bayer made waves last June when it acquired controversial American corporation Monsanto, leading to a union of one of the biggest pharmaceutical and agricultural companies.

A BlockApps representative told Cointelegraph that more details about their partnership will be announced during the Blockchain for Food and Beverage Supply Chain conference that is slated to take place on March 26th and 27th in San Francisco.

BlockApps is a founding member of the Enterprise Ethereum Alliance (EEA), which is the world’s largest open-source blockchain initiative. The group boasts more than 150 blockchain start-ups, research groups, and Fortune 500 companies, including Cisco and JPMorgan — both of whom are actively involved in their own blockchain projects.

According to their website, Blockchain-as-a-Service (BaaS) company BlockApps’ vision is “to restore to digital transactions the reliability and efficiency of face-to-face interactions through secure and connected information.” In order to achieve this, the company provides an interoperable platform for programmable business networks. Blockapps Strato, founded in 2015, was formed as a result of a partnership between ConsenSys and Microsoft Azure — the company’s cloud platform — with the goal of building Ethereum BaaS on Azure for enterprise clients. In fact, BlockApps was the first company to be incubated by Consensys, the well-known New York-based community of businesspeople, developers, and other professionals dedicated to building blockchain infrastructure and applications. BlockApps also claims to be the first blockchain-based company to have partnered with all the major cloud platforms — Amazon Web Services (AWS), Google Cloud Platform, as well as Azure.

Blockchain has long been poised to increase efficiency in the agriculture industry, and with its Bayer/Monsanto’s partnership, BlockApps is well-positioned to make that a reality.