The Impact of Blockchain Application on the Qualification Rate and Circulation Efficiency of Agricultural Products: A Simulation Analysis with Agent-Based Modelling

Abstract

In the context of COVID-19, the circulation of agricultural products is increasingly important for the nutrition and health of people. With the changing needs of society and the advancement of technology, the agricultural product circulation system needs to undergo corresponding changes to adapt to the modern fast-paced social system. Blockchain technology couples with the circulation of agricultural products, as its technical features, such as immutability and a distributed ledger database, ensures the speed and stability of the key information circulation process of agricultural products. The research goal of this paper was to clarify the influence of blockchain technology on the qualification rate and circulation efficiency for agricultural products. Based on the main characteristics of blockchain technology and a summary of domestic and foreign theoretical research, this paper simulated the impacts of blockchain technology on the agricultural product circulation system. The results revealed that blockchain technology can improve the qualification rate of agricultural products and thereby ensure their quality and safety. The introduction of blockchain increased the qualification rate by nearly 30%. Moreover, blockchain technology significantly enhanced the efficiency of the agricultural product circulation system, thereby greatly promoting economic benefits. The introduction of blockchain increased circulation efficiency by nearly 15%. Finally, the introduction of blockchain technology can effectively promote the governance level and reduce the supervision costs of the agricultural product circulation system. Through simulation analysis, we found that blockchain technology has a positive impact on both the qualification rate and circulation efficiency for agricultural products. These findings enrich research into the application of blockchain technology in the management and circulation of modern agricultural products.

Research of blockchain-embedded agricultural quality credit regulation influencing factors

“…In the process of achieving the SDGs, the food supply chain still faces a number of challenges such as Blockchainembedded agricultural quality transparency, accountability, food scandals and inefficiencies in trust and information flow (Chandan et al, 2023). These issues affect consumers' trust in governments, certification bodies and food producers and their willingness to buy (Wang et al, 2022). Numerous scholars have studied the improvement of agricultural product quality by financial credit regulation such as green finance and agricultural credit.…”

“…In the process of achieving the SDGs, the food supply chain still faces a number of challenges such as transparency, accountability, food scandals and inefficiencies in trust and information flow (Chandan et al ., 2023). These issues affect consumers' trust in governments, certification bodies and food producers and their willingness to buy (Wang et al ., 2022).…”

Analysis of dynamic relationship between agricultural products circulation service industry and circulation efficiency in less developed regions: based on data from Western China

“…Concerning circulation efficiency measurement, different scholars have used the Analytical Hierarchy Process (AHP), Data Envelopment Analysis (DEA), a super-efficiency model with undesirable outputs, and other methods to conduct their research (Su et al, 2019;Tošović-Stevanović et al, 2020;Guo and Li, 2022). Some scholars have conducted related research on the industry linkage effect of the APC service industry (Kim et al, 2021), the interactive development of logistics information services (Wang et al, 2019), and the dynamic relationship between influencing factors and APC efficiency (Wang et al, 2022;Liu, 2023).…”

A Visual Knowledge Map Analysis of Cross-Border Agri-Food Supply Chain Research Based on CiteSpace

“…Therefore, to meet the requirements of people of all countries for high-quality transnational agricultural food consumption upgrading and healthy diet, how to ensure agricultural products do not deteriorate or pollute during transportation and ensure the safety of agricultural products has attracted more and more attention and research [126]. Wang et al [127] found that blockchain technology positively impacts the qualification rate and circulation efficiency of agricultural food. Chen et al [128] proposed the contribution of Internet of Things technology to the cross-border agricultural food supply chain, which is of great significance for solving the safe and transparent management of fresh agricultural products and the traceability of production, transportation, and sales.…”