A digital wallet co-developed by Anonyome Labs and Indico which will transform trusted data sharing in the agriculture industry has won a prestigious Constellation Research SuperNova Award.
The Trust Alliance New Zealand (TANZ) Digital Farm Wallet took out the award in the “Digital Safety, Governance, Privacy, and Cybersecurity” category of the long-running awards program which recognizes disruptive and transformative solutions for end users.
TANZ’s Digital Farm Wallet uses verifiable credentials to create a secure data-sharing ecosystem in which farmers, growers, and other parties in the value chain (such as food producers, processors, retailers and exporters) can easily capture and share data across the sector while keeping it secure, protected and controllable.
The wallet allows farmers to securely hold critical data for their farms, such as their farm ID, greenhouse gas emissions, and farm boundaries, and share it directly and securely with reliant parties. Using the wallet eliminates the need for large third party databases and repetitive and time-consuming manual information sharing and prevents farmers’ data from being shared without their consent and to the detriment of their business.
In fact, the TANZ Digital Farm Wallet is set to transform New Zealand’s agriculture industry. The project trial proved that directly sharing authenticated information between farmers and distributors in a secure, privacy-preserving way has significant cost benefits. Farmers in the trial spent less time filling out forms and managing data and more time farming. Going forward, the data-sharing ecosystem will also achieve a more streamlined, transparent supply chain, in which farmers can prove their promises about their produce (such as organic status) and consumers can verify the claims for themselves at the time of purchase.
Learn more about verifiable credentials (also called reusable credentials).
TANZ says the Digital Farm Wallet has already won buy-in from important players in the industry, including banks, regional councils, and meat packagers.
The TANZ Digital Farm Wallet project was prompted by the recognition that trusted data sharing is vital to maintaining and growing New Zealand’s primary sector. It is an excellent case study for the agriculture sectors of other countries and for other industries that rely on trusted data sharing. Discover 17 Industries with Viable Use Cases for Decentralized Identity.
Anonyme Labs’ Chief Technology Officer, Dr Paul Ashley, says the company is proud to be leading the way with the increasingly popular decentralized identity technology of verifiable credentials: “This project has shown that replacing legacy paper-based documents and processing with a solution based on digital verifiable credentials increases trust, reduces costs, and opens new avenues for participants to interact in a secure and privacy preserving way.” If you would like to learn more about the TANZ Digital Farm Wallet or discuss your own needs for a digital wallet solution, we’d love to talk to you. Contact us today and head to our web site for a live demo video of what we offer.
