Problem Statement
Block chain application for tagging farm produces
A combination of blockchain and IoT can be used to create a smart and secure agricultural system. Applying blockchain in agriculture with IoT, smart technology, and sensors can help ensure food safety and quality, trace food origins, and optimize agricultural production.
PS Number: PSCBS005
Domain Bucket: Cyber Security
Category: Hardware
Dataset : NA
The use of blockchain technology in e-commerce and the exchange of agricultural goods is still in its infancy, and the situation at hand is far from ideal. For instance, there are still issues with how to guarantee the validity of the data uploading process into blockchain. IoT could provide a solution in the future.
Background of the Problem
The blockchain technology allows peer-to-peer transactions to take place transparently and without the need for an intermediary like a bank (such as for cryptocurrencies) or a middleman in the agriculture sector. By eliminating the need for a central authority, the technology changes the way that trust is granted – instead of trusting an authority, trust is placed in cryptography and peer-to-peer architecture. It thus helps restore the trust between producers and consumers, which can reduce the transaction costs in the agri-food market.
Objective
The application of blockchain technology in e-commerce and trade of agricultural product is still in its infancy and the current case is not simply perfect. For example, how to ensure the authenticity of the uploading process of data into blockchain is still a problem. A potential solution in the future may be IoT. What’s more, blockchain’s characteristics of distributed, non-tamperable, traceable need to be more widely and deeply explored to improve the productivity and efficiency of agricultural production and trade
Summary
Ultimately, blockchain farming and distributed ledger technology (DLT) have the potential to increase efficiency, transparency, and trust throughout agricultural supply chains. Blockchain for agriculture supply chain can empower all market players by building relationships of trust.