Blockchain Technology for Agriculture: Applications and Rationale
The blockchain is a ledger of accounts and transactions that are written and stored by all participants. It promises a reliable source of truth about the state of farms, inventories and contracts in agriculture, where the collection of such information is often incredibly costly. The blockchain tech...
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doaj-264d761dd3824e0eaab10d7bc6aefb1c2020-11-25T02:53:14ZengFrontiers Media S.A.Frontiers in Blockchain2624-78522020-02-01310.3389/fbloc.2020.00007462928Blockchain Technology for Agriculture: Applications and RationaleHang Xiong0Tobias Dalhaus1Puqing Wang2Jiajin Huang3Jiajin Huang4Macro Agriculture Research Institute, College of Economics and Management, Huazhong Agricultural University, Wuhan, ChinaAgricultural Economics and Policy Group, ETH Zürich, Zurich, SwitzerlandCollege of Economics and Management, Wuhan Polytechnic University, Wuhan, ChinaThe Development Research Center of Shanghai Municipal People’s Government, Shanghai, ChinaSchool of Economics, Fudan University, Shanghai, ChinaThe blockchain is a ledger of accounts and transactions that are written and stored by all participants. It promises a reliable source of truth about the state of farms, inventories and contracts in agriculture, where the collection of such information is often incredibly costly. The blockchain technology can track the provenance of food and thus helps create trustworthy food supply chains and build trust between producers and consumers. As a trusted way of storing data, it facilitates the use of data-driven technologies to make farming smarter. In addition, jointly used with smart contracts, it allows timely payments between stakeholders that can be triggered by data changes appearing in the blockchain This article examines the applications of blockchain technology in food supply chains, agricultural insurance, smart farming, transactions of agricultural products for both theoretical and practical perspectives. We also discuss the challenges of recording transactions made by smallholder farmers and creating the ecosystem for utilizing the blockchain technology in the food and agriculture sector.https://www.frontiersin.org/article/10.3389/fbloc.2020.00007/fullblockchain technologyfood supply chainagricultural insurancesmart agriculturesmart contract |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Hang Xiong Tobias Dalhaus Puqing Wang Jiajin Huang Jiajin Huang |
spellingShingle |
Hang Xiong Tobias Dalhaus Puqing Wang Jiajin Huang Jiajin Huang Blockchain Technology for Agriculture: Applications and Rationale Frontiers in Blockchain blockchain technology food supply chain agricultural insurance smart agriculture smart contract |
author_facet |
Hang Xiong Tobias Dalhaus Puqing Wang Jiajin Huang Jiajin Huang |
author_sort |
Hang Xiong |
title |
Blockchain Technology for Agriculture: Applications and Rationale |
title_short |
Blockchain Technology for Agriculture: Applications and Rationale |
title_full |
Blockchain Technology for Agriculture: Applications and Rationale |
title_fullStr |
Blockchain Technology for Agriculture: Applications and Rationale |
title_full_unstemmed |
Blockchain Technology for Agriculture: Applications and Rationale |
title_sort |
blockchain technology for agriculture: applications and rationale |
publisher |
Frontiers Media S.A. |
series |
Frontiers in Blockchain |
issn |
2624-7852 |
publishDate |
2020-02-01 |
description |
The blockchain is a ledger of accounts and transactions that are written and stored by all participants. It promises a reliable source of truth about the state of farms, inventories and contracts in agriculture, where the collection of such information is often incredibly costly. The blockchain technology can track the provenance of food and thus helps create trustworthy food supply chains and build trust between producers and consumers. As a trusted way of storing data, it facilitates the use of data-driven technologies to make farming smarter. In addition, jointly used with smart contracts, it allows timely payments between stakeholders that can be triggered by data changes appearing in the blockchain This article examines the applications of blockchain technology in food supply chains, agricultural insurance, smart farming, transactions of agricultural products for both theoretical and practical perspectives. We also discuss the challenges of recording transactions made by smallholder farmers and creating the ecosystem for utilizing the blockchain technology in the food and agriculture sector. |
topic |
blockchain technology food supply chain agricultural insurance smart agriculture smart contract |
url |
https://www.frontiersin.org/article/10.3389/fbloc.2020.00007/full |
work_keys_str_mv |
AT hangxiong blockchaintechnologyforagricultureapplicationsandrationale AT tobiasdalhaus blockchaintechnologyforagricultureapplicationsandrationale AT puqingwang blockchaintechnologyforagricultureapplicationsandrationale AT jiajinhuang blockchaintechnologyforagricultureapplicationsandrationale AT jiajinhuang blockchaintechnologyforagricultureapplicationsandrationale |
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