Agriculture and Food Supply Blockchain Technology
Blockchain is a new digital technology allowing ubiquitous financial transactions between distributors without intermediaries like banks. This Paper examines the impact on agriculture and the supply chain of blockchain technologies, presents current projects, initiatives and the general consequences, challenges and potential of the blockchain technology. The findings show that blockchain is a technology that promises a transparent food supply chain with numerous ongoing initiatives on different food products and food-related issues, but there are still many barriers and challenges which hamper the popularity of farmers and systems. The technical aspects, curriculum and legislation and regulatory frameworks are the challenges. Software from Blockchain allows highly secured record keeping and automated transaction. Blockchain provides a secure, open and usable blockchain network for all parties in the supply chain. Blockchain technology can be prosecuted in agriculture and its goods to encourage food safety prevent food theft and check the source and quality of agricultural products and inputs. In fact, Blockchain technology can be used to provide fair rates and payment choices, to track land registration and for open subsidy disbursements for farmers..