Enhancing Traceability and Trust with Blockchain Application in Agriculture
DOI:
https://doi.org/10.5281/zenodo.15714088Keywords:
Blockchain technology, Food supply chain, Agricultural insurance, Smart agriculture, Smart contractAbstract
All members record and write transactions and accounts in a ledger known as the blockchain. It can be a trusted source of information regarding the health of farms, stock, and contracts in agriculture, where such information is normally very expensive to obtain. Through tracking the source of food, blockchain technology enables the development of secure food supply chains and enhanced consumer and producer trust. It enables easier deployment of data-based innovations to render agriculture intelligent by providing a safe means of storing data. Additionally, the use of smart contracts it enables timely payment between parties, which may be initiated by a change in data that is reflected in the blockchain. This paper presents theoretical and practical uses of blockchain technology in smart agriculture, food supply chains, agricultural insurance, and the selling of agricultural products. We also present limitations in recording transactions of smallholder farmers and building infrastructure needed to deploy blockchain technology to the agricultural and food sectors.
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