Application of Blockchain Technology in agri-food supply chains: Opportunities and challenges

Singh, Rajesh; Vishwakarma, Laxmi Pandit

doi:10.1016/b978-0-323-89963-5.00014-9

Cited by 4 publications

(2 citation statements)

References 48 publications

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“…-Costs: The adoption of smart contracts and Blockchain involves significant costs, such as investment in technological infrastructure and network maintenance, as a barrier to the participation of small farmers or companies with limited resources (Joo and Han, 2021). -Interoperability: The lack of common standards and protocols in blockchain technology creates difficulties in interoperability between different systems and platforms, limiting the ability of agricultural supply chain actors to collaborate and share data efficiently (Singh and Vishwakarma, 2022).…”

Section: Blockchain In Agribusinessmentioning

confidence: 99%

Blockchain and agricultural sustainability in South America: a systematic review

Ordoñez,

Gonzales,

Corrales

2024

Front. Sustain. Food Syst.

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In its fundamental role for food security in South America, sustainable agriculture faces the challenge of addressing the current and future needs of the region while ensuring profitability, environmental health, and social and economic equity. Currently, as support for sustainable agriculture, a significant transformation is observed in the agricultural landscape due to the development of advanced information systems. Technologies such as Artificial Intelligence, Machine Learning, and Blockchain have emerged as crucial tools to document and support sustainable agricultural processes. Blockchain technology has proven to be highly beneficial for sustainable agriculture, effectively addressing a significant issue in the agricultural supply chain by providing solutions for transparent and traceable processes. This technology solves the problem by establishing a permanent and open record of all transactions and activities in the supply chain, allowing consumers and stakeholders to track the origin and quality of agricultural products, thereby fostering trust and fair trade. For this reason, this article conducted a review of the current state of blockchain technology in sustainable agriculture, aimed at researchers and farmers in South America. The advantages and disadvantages of blockchain technology were identified, focusing on technologies developed and tested during the design and pilot phases. The PRISMA methodology was used in this review, and documents were searched in Scopus and Web of Science databases. Six hundred and fifty-six articles were identified and selected (2018–2023 period), but only 104 met the eligibility and inclusion criteria. The findings indicate a 30% increase in the adoption of decentralized applications (DAPs) powered by blockchain in the agribusiness sector compared to the previous year. After a thorough analysis, it has been determined that smart contracts, non-fungible tokens for digital assets, and blockchain oracles will provide promising solutions for sustainable agricultural technology in the future.

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Section: Blockchain In Agribusinessmentioning

confidence: 99%

Blockchain and agricultural sustainability in South America: a systematic review

Ordoñez,

Gonzales,

Corrales

2024

Front. Sustain. Food Syst.

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“…In addition to the above-mentioned researchers who study the impact of blockchain technology on the economy, this issue was studied by such scientists as O. Grybyniuk et al [6], V. Rutytska [7], T. Moroz [8], M. Yakovchuk et al [9], A. Di Vaio, L. Varriale [10], Z. Zhang et al [11], O. Ali et al [12], C. Zheng et al [13], R. Komulainen, S. Nätti [14], S. Köhler, M. Pizzol [15], H. Xiong et al [16], G. A. Motta et al [17], L. Kucher [18], H. Patel, B. Shrimali [19], A. Marchese et al [20], and others [21][22][23][24][25][26][27][28].…”

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confidence: 99%

Implementation of blockchain technology in agriculture: fashionable trends or requirements of the modern economy

Karnaushenko,

Tanklevska,

Povod

et al. 2023

Agric. resour. econ.

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Purpose. The purpose is to reveal the theoretical and practical aspects of the implementation and application of blockchain technology in the economic activity of agricultural enterprises, taking into account the economic feasibility of their implementation and determining the system of elements of the implementation of blockchain technology in agriculture. Methodology / approach. The following methods were used during the research: analysis and synthesis, scientific abstraction – when determining the goal and formulating research conclusions; comparative, calculation, statistical and graphic – when evaluating, analyzing, comparing and determining the current state of implementation of blockchain technology in the economic activity of agricultural enterprises. The method of surveying agricultural producers regarding their awareness of blockchain technology and the benefits of its application was also used. The research used: a theoretical approach (based on the analysis of theoretical aspects of blockchain technology and its application in agriculture) and a practical approach (on the basis of the proposed methodology, the economic feasibility of using blockchain technology in the economic activity of an agricultural enterprise was determined). Results. The main areas of influence of blockchain technology in agriculture have been determined. It has been established that every year the amount of funding for the implementation of blockchain technology is increasing, and the reasons are identified. The world experience of implementing blockchain technology in the economic activity of agricultural producers is considered. The results of a survey of agricultural producers of the Mykolaiv and Kirovohrad regions regarding their awareness of blockchain technology and the benefits of its implementation are highlighted. The objective reasons that affect the implementation of blockchain technology in agricultural production are determined and ways of its popularization are proposed. An action algorithm for the introduction of blockchain technology for agricultural producers has been developed. Agricultural producers who are potentially ready and financially able to implement this technology in their activities have been identified. The main factors affecting the cost of implementing blockchain technology in agricultural production have been identified. A methodology for calculating the economic feasibility of implementing blockchain technology according to optimistic and pessimistic options is proposed, and the calculation of the net present value, payback period, discounted payback period of the project, internal rate of return and the rate of return on the example of a specific enterprise of the Mykolaiv region is carried out. Based on theoretical and practical approaches, a system of elements for implementing this technology in agriculture has been developed. Originality / scientific novelty. The novelty consists in the implementation of a comprehensive theoretical study of the problems and prospects of the implementation of blockchain technology in agriculture; for the first time, a system of elements for the implementation of blockchain technology in agriculture was developed; an algorithm of actions for agricultural enterprises that plan to implement this technology was improved; a methodology for calculating the economic feasibility of implementing blockchain technology in an agricultural enterprise was proposed. Practical value / significance. The results can be used in the process of decision-making by business entities regarding the implementation of blockchain technology and the calculation of its economic feasibility, during the optimization of the processes of management of production, financing, supply chains, etc., as well as by scientists, government bodies and other entities that are interested in implementation of blockchain technology in agriculture.

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Block chain enabled Indian Agricultural supply chain using ISM DEMATEL approach

Beloor,

Vijaykumar,

Swamy

et al. 2024

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Application of Blockchain Technology in agri-food supply chains: Opportunities and challenges

Cited by 4 publications

References 48 publications

Blockchain and agricultural sustainability in South America: a systematic review

Blockchain and agricultural sustainability in South America: a systematic review

Implementation of blockchain technology in agriculture: fashionable trends or requirements of the modern economy

Block chain enabled Indian Agricultural supply chain using ISM DEMATEL approach

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