Blockchain in Agriculture
Source:Information & Security: An International Journal,
The blockchain is a ledger of accounts and transactions that are written and stored by all participants. It refers to a digitized platform that stores and verifies transactions between users of a system. The technology offers a reliable approach of tracing transactions between anonymous participants, thereby quickly detecting fraud and malfunctions. Several companies and government agencies are experimenting with the promising technology. Blockchain has different uses in the agricultural industry such as providing solutions to food safety, food waste, food fraud, supply chain visibility, and management.
Several farmers and agribusinesses have started introducing blockchain technology in agriculture. This article examines the applications of blockchain technology in agriculture and discusses the opportunities and challenges of blockchain.