Blockchain can change agriculture via trust. If you can trust the numbers on a spreadsheet, you can work with it, and add to it. But many spreadsheet and accounting generally are not trustworthy.
Blockchain makes a difference by offering a distributed network using many so-called nodes to check the blockchain. It does away with double spending. It is distributed fintech and in larger iterations it is quite dependable.
When it comes to Monsanto itself, there is not much to say yet. But presumably Monsanto like other agricultural giants, could use blockchain to help make its accounting easier and cheaper, among other things.
Meanwhile plenty of American farmers are scared of the whole process and its results.
Monsanto and Bayer say that their upcoming merger will considerably boost research and innovation. But the actual additional amount may be about $500 million, versus the $2.5 billion they already spend.
The Monsanto Bayer merger is mostly about money. The idea is that the two companies will create even more efficiency that will bring down cost and raise additional product.
Blockchain might well help with this process but cybercurrencies like bitcoin can be used by almost anyone. It is perfectly possible that such fintech can be used for purposes of disruption.
There is no reason that Bayer and Monsanto alone will have advantages from blockchain and cybercurrencies. Many smaller entities may arise as a result of fintech and the results will reduce Monsanto’s and Bayer’s advantages.