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Smart Contract Based Sustainable supply chain for Agriculture Using Blockchain
Author Name

Suriya K ,Shameel R and Vignesh N M

Abstract

The intricacy of a supply chain makes tracking product safety or quality issues extremely challenging, especially for the basic agricultural food supply networks that people eat every day. Existing agricultural food supply chains have several significant flaws, including a large number of players, cumbersome communication due to protracted supply chain cycles, and data distrust between participants and the centralised system. The introduction of blockchain technology efficiently solves the pain-point problem that exists in the agricultural food supply chain traceability system. The blockchain is a shared record of accounts and transactions that all members write and store. It promises to be a trustworthy source of information about the state of farms, inventory, and contracts in agriculture, where gathering such data is typically prohibitively expensive. Food provenance can be tracked using blockchain technology, which aids in the creation of trustworthy food supply chains and the development of trust between producers and consumers. It promotes the use of data-driven technologies to make farming smarter by providing a secure means to store data. Furthermore, when used in conjunction with smart contracts, it enables timely payments between stakeholders that are triggered by data changes in the blockchain. For both theoretical and practical purposes, this study investigates the use of blockchain technology in food supply chains and agricultural product transactions. We also go over the difficulties of tracking smallholder farmer transactions and developing an ecosystem for using blockchain technology in agriculture.

 

Keywords: Blockchain, Supply chain, Smart Contract.



Published On :
2022-04-21

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