The Challenges:
Traditional cattle identification methods such as ear tagging with Poly Urethrene tags, and injectable Radio Frequency identification (RFID) tags have their own set of drawbacks.
The primary drawbacks of these ear tags are that they are not cost-effective, require specialised skills to apply and have a limited time span. Likewise, they also get damaged or fade over a period and are also prone to tampering or duplication.
Lack of tamper-proof, scalable, unique digital identity of cattle is one of the reasons for moral hazard, resulting in a higher loss ratio for cattle insurers.