Tracing the Journey of Soybeans: Implementing Blockchain in Agricultural Supply Chain Management

Blockchain combines data management, networking, and cryptography to create a robust and efficient platform for transactions. Initially designed for digital currencies, blockchain has evolved into a versatile tool for various transactions. Its potential to revolutionize industries, including agriculture, has been demonstrated. In agriculture, blockchain can be used to secure and streamline transactions, especially in high-value product areas. This paper suggests using blockchain to improve soybean traceability in the agricultural supply chain through smart contracts. The proposed solution eliminates the need for a central authority or intermediaries, providing secure and transparent transaction records. All transactions are recorded and stored in the blockchain’s unalterable ledger, linked to a decentralized file system, ensuring high transparency, traceability, and efficiency in the supply chain.