GRENZE International Journal of Engineering and Technology
Vol. 9
(2023), Issue 1
Blockchain in Agriculture
Authors
Raghav Nagpal, Aryaan Shaikh, Vedant Mhasde, Abhijeet More, Prathamesh Chandekar
Abstract
Beyond the traditional use cases in banking, this research investigates blockchain possibilities across the agricultural sector. We examine blockchain initiatives to increase security, effectiveness, and accountability at every stage of the industry by viewing agriculture as a shackle, a matrix that extends from the beginning to the end. Food safety is guaranteed for both direct consumers and the entire global community, which is susceptible to epidemics brought on by contaminated food, by origin tracking and checking throughout the various stages of the food supplied all over the world. Food fraud can be reduced by using smart contracts and shackles of all the records, which can also be used to spot dishonest middlemen and unethical business practices that take advantage of cooperatives and independent farmers alike. To the point where the community runs its entire GDP with unique cryptocurrency and traced changes, continuous agriculture and internal economy cooperatives, like AgriLedger with their several pilot programmes in several countries like Kenya, Myanmar, and Papua New Guinea, which might generate financial activity and retain their local value. A large, complex, and decentralised food market can be transformed into an internal one with high privacy and quality using imitate exchanging of capital and responsible start and travel monitoring of items, like Provenance's blockchain for the Grass Roots Farmers' Cooperative in Arkansas. Agriculture economic projects include transparent and effective future contract financial gateways, smart contract backing against crop problems, and micro financing situations for underserved communities which can grow from a particular level of loans into investments in agriculture. These innovations, especially for farmers in developing countries, with new businesses.
Pages:
3224 - 3228