Blockchain Technology in Agri Supply Chain Management: a Transformative Approach

Jyoti zirmire; Ranjit V. Chavan; Kiran.D. Gonte

doi:10.36948/ijfmr.2024.v06i03.16940

Blockchain Technology in Agri Supply Chain Management: a Transformative Approach

Author(s)	Jyoti zirmire, Ranjit V. Chavan, Kiran.D. Gonte
Country	India
Abstract	The agri-supply chain plays a critical role in ensuring the efficient and reliable distribution of food and agricultural products to meet the global demand. However, this complex system is marred by numerous challenges, including transparency, traceability, and trust issues. In response to these challenges, blockchain technology has emerged as a promising solution. This abstract delves into the application of blockchain technology in agri-supply chain management, highlighting its potential to revolutionize the industry. Blockchain, with its decentralized and immutable ledger, provides an innovative framework for addressing several persistent issues within the agri-supply chain. It enables seamless and transparent tracking of products from farm to fork, ensuring that critical information related to production, transportation, and storage is securely recorded and readily accessible. Furthermore, the technology promotes trust and integrity by reducing the risk of fraud and the tampering of records, thus increasing overall supply chain reliability. This abstract discusses key use cases and benefits of blockchain technology in agri-supply chain management, including the reduction of food fraud, improved food safety, enhanced traceability, and the facilitation of smart contracts for seamless transactions. Additionally, it explores some notable challenges, such as scalability and interoperability, that need to be addressed for the widespread adoption of blockchain in the agri-supply chain. The analysis highlights the transformative impact of blockchain technology and concludes by highlighting the transformative potential of blockchain technology in agri-supply chain management, emphasizing how it can lead to greater efficiency, trust, and sustainability throughout the agricultural supply chain, ultimately benefiting consumers, producers, and the industry as a whole
Keywords	Block chain, Traceability, Supply chain, Transformation, efficiency
Published In	Volume 6, Issue 3, May-June 2024
Published On	2024-06-01
Cite This	Blockchain Technology in Agri Supply Chain Management: a Transformative Approach - Jyoti zirmire, Ranjit V. Chavan, Kiran.D. Gonte - IJFMR Volume 6, Issue 3, May-June 2024. DOI 10.36948/ijfmr.2024.v06i03.16940
DOI	https://doi.org/10.36948/ijfmr.2024.v06i03.16940
Short DOI	https://doi.org/gtw6tw

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Blockchain Technology in Agri Supply Chain Management: a Transformative Approach

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