Transforming Agricultural Supply Chains: The Power of Blockchain Technology

Implementing blockchain technology in agricultural supply chains has the potential to revolutionize and increase transparency, efficiency and trust between all parties. A variation of the white paper discussed how blockchain can be a transformative tech in addressing major challenges especially on traceability, fraud prevention and sustainability on agriculture. Blockchain (for those hearing about this for the first time) can provide a system where every step of even complex supply chains is perfectly recorded, enabling transactions to take place in a secure way and offering transparency, immutability, accountability. Case studies and real-world examples showcased throughout the paper depict how blockchain could enhance operational efficiencies, boost food safety, authenticate products, and cut waste across agriculture. While very promising, the implementation of blockchain technology in agriculture is not without its own issues; this includes obligatory industry standards as well as highly costly technical implementations. The paper also highlights the potential for blockchain to contribute to sustainable agriculture by allowing better tracking of environmental footprints and ethical sourcing. In summary, we propose that the flexibility of blockchain technology renders it an ideal approach to revolutionizing supply chains in the agriculture sector, as we continue down a trajectory towards increased levels of visibility and productivity with improved environmental outcomes. This paper contributes towards a more comprehensive understanding of the role of blockchain in scenario-based selection as it addresses both opportunities and challenges due to adoption of block chain which gives technology and agriculture a new future(directions).