2022
DOI: 10.3390/su14074313
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The Role of Blockchain in Revolutionizing the Agricultural Sector

Abstract: Since blockchain technology has proven to be effective in the development of a wide range of industries, its use in other fields is also being expanded. Agriculture is one such sector, where blockchain technology is being used to improve farm business operations. Today, several agribusiness firms are utilizing technology to improve food supply chain tracking. For example, Farmers Edge, the world’s leading company that revolutionized the field of digital agriculture through its work in providing advanced artifi… Show more

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Cited by 22 publications
(7 citation statements)
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“…The use of this disruptive technology creates trust between customers and the agri-producers as the information related to the crop is transparently provided. Due to the blockchain technology, customer understood that the information is valid and cannot be changed without the permission of both seller and customer [39].…”
Section: Discussionmentioning
confidence: 99%
“…The use of this disruptive technology creates trust between customers and the agri-producers as the information related to the crop is transparently provided. Due to the blockchain technology, customer understood that the information is valid and cannot be changed without the permission of both seller and customer [39].…”
Section: Discussionmentioning
confidence: 99%
“…It has inherent technical advantages in solving the reliability problem of the traceability system. As the rise in counterfeit products and scandals about product quality can negatively impact the entire supply chain, introducing blockchains can help reestablish trust and transparency, improve the quality and speed of supply chain management, improve the transparency and traceability of inventory in the supply chain, and reduce risks [17][18][19][20].…”
Section: Supply Chain Data Audit I S Difficult To Carry Outmentioning
confidence: 99%
“…Source: authors' development according to World Bank [8] This distribution once again proves that it is necessary to modernize agriculture. Under the current conditions, the modernization of agriculture is a non-alternative option for achieving stable economic growth, especially against the background of the influence of global global trends, the need to increase the competitiveness of the agricultural business in the context of increasing globalization, the spread of digital, robotic technologies and intelligent production systems, as well as the growing role of the agricultural sector for domestic economy [9,10]. Modernization, being an inseparable aspect of social development, as a systemic phenomenon, was updated during periods of the need to reduce the backlog from socio-economically developed countries.…”
Section: Theoretical and Analytical Basis Of The Studymentioning
confidence: 99%