The BRDL blog is your gateway to insights, research, and expertise at the intersection of blockchain, technology, and innovation. Explore the latest trends, case studies, and thought leadership to stay informed and inspired.
Crops and Agriculture
Dananjay Prabhakar, 2022
With the current world population, 50% of the world’s habitable land is used for agriculture. Australia’s main crops and agriculture are sugar cane, wheat and barley. This makes up around 55% of Australia’s land usage (427 million hectares), excluding the land used for lumber production. This also uses 24% of Australia’s water extraction(2,716 gigaliters used solely by agricultures between 2019-20). As 12% of all Australian products and goods are exported. Australian agribusiness is an integral part of our diet. Over 90% of the food Australians eat is produced domestically. Many Australians and rural-urban communities not only sustain our livelihoods but depend on the success of agriculture to enable their survival. Agriculture, forestry and fishing employ almost 3% of Australia’s workforce.
Cherry Hung, 2022
The Real Estate Services industry involves the appraisal, brokerage, managing and leasing of residential and commercial properties, or a combination of the two. Government incentives and record-low interest rates have supported growth in residential housing prices over the past five years, benefiting industry revenue. Industry revenue is forecast to continue growing over the next five years, along with residential housing prices. Price increases are likely to place downward pressure on mortgage affordability. This, coupled with increasing urbanisation, is likely to boost renting rates, benefiting operators that provide property leasing and management services. However, the forecast incremental increase to the cash rate has the potential to limit industry revenue growth. Residential housing loan rates are likely to increase, limiting the number of buyers in the market. Overall, revenue is forecast to grow at an annualised 0.6% over the five years through 2026-27, to $33.2 billion.
Fizza Kamran, 2022
Fashion is one of the world’s most important industries, driving a significant part of the global economy. It is one of the key value-creating industries for the world economy. If it were ranked alongside individual countries’ GDP the global fashion industry would represent the seventh-largest economy in the world,’’ stated McKinsey in its State of Fashion 2017 report. After lockdown restrictions were lifted in many parts of the world, consumers headed back to the stores. With that the fashion industry returned to pre-pandemic levels. According to Euromonitor, the global apparel and footwear industry grew by 18.1% at current prices in 2020-2021, to $1.71 billion dollars in market size (retail value USD million) in 2021.
Hari Chandan Pokuri, 2022
Animal breeding is the practise of breeding high-quality animals to generate more productive and suitable offspring that will perform better overall in future generations and increase output and profitability.
There are two types of mating systems:
a) Natural propagation/mating: Mating of animals by natural means.
b) Artificial insemination (AI): Mating is done through artificial means by collecting semen from male and the inseminating the females.
The market of the breeding from the period of 2016-20 is 4.2 billion (USD) the value projection for the year 2027 is 6.5 billion (USD).
Jack Crabb, 2022
Ever taken a trip Down South and noticed you keep driving past the same scenery? Wineries. With over 2000 wineries across Australia and over $45 billion dollars injected into Australia’s economy solely due to the wine industry, it is to no surprise that this sector is booming and will continue to thrive. With a growing and ever-expanding industry invites opportunities to improve the underlying infrastructure.
A nice glass of wine comes a long way; from grape vine, to crushing, to fermentation, to bottling and to distribution.Blockchain technologies is a rising sector that can not only solve many issues that may occur within this multi-stage process, but allow for an easier, more intuitive, and a seamless experience between the partners at every step.
Milk is a product rich in nutrients and is a daily used food product by humans. The milk supply chain starts from the milking of cows to consumption by the end consumer. Millions of farmers around the world take care of about 270 million dairy cows to produce milk. Australia is a small dairy producer, but it is the third largest exporter of dairy products in the world as 50% of production is exported. There are many different products made from milk. Some common examples are drinking milk, cheese, butter, yogurt, etc. Each product includes different processing steps.
Milk production takes place all over the world. The global demand for dairy products continues to grow due to increasing population, urbanisation, rising incomes and westernisation of the diet in countries such as India and China.
Trung Pham, 2022
Australia’s manufacturing industry plays a vital role in the economy contributing around $100 billion to Australian GDP each year , employing on average about 900,000 Australians for the past decade and accounting for 26% of business expenditure in research and development. Australia’s manufacturing industry includes anything from food processing to machinery and equipment manufacturing or pulp and paper production. The COVID-19 pandemic caused significant disruptions to supply chains throughout the world in the past few years, the after-effects of which we are still experiencing today. In a session convened by the World Economic Forum with the New Generation Industry Leaders community, it was identified that response times were too long with a need for more open and regular communication with supply chain partners .