Blockchain Technology to Ensure Traceability of Agriculture Supply Chain Management

Abstract

Agriculture is an industry that is essential to the functioning of any economy. Our entire economic structure revolves around this one factor. Agriculture is not only an important source of food and raw materials, but it is also an important source of employment opportunities for a significant fraction of the total population. In agriculture food supply chains, also known as ASCs, customers are the ones who pay for the agricultural products that farmers produce. During this process, customers place a higher priority on the safety of agriculturally produced foods, while farmers anticipate an increase in their revenues. The effectiveness of traceability and management for agri-food products is met with a vast array of obstacles as a result of the complexities and dynamism of ASCs. However, the majority of the currently available solutions are not able to satisfactorily meet the standards of ASCs regarding traceability and management. Chen et al., proposed a blockchain-based ASC framework to provide product traceability. This framework guarantees decentralized security for the agriculture food tracing data stored in ASCs. This was done in order to address the problems that have been presented. In order to guarantee the quality of the food, it is critical to have complete visibility into the agricultural supply chain management. Along with that, it improves the overall pleasure of the customers and the productivity of the peers. The centralized storage of data makes it more difficult to guarantee the items' quality and rate, as well as their point of origin. Consequently, we are in need of a decentralized system that allows for transparency and provides everyone, from the producers to the consumers, with the satisfaction they seek. The supply chain can now have both greater traceability and transparency thanks to blockchain technology, which is a form of digital technology. According to Madumidha utilization of this technology results in an improvement to the community that exists between the various stakeholders and the farmers. Increased capacity, improved security, immutability, minting, speedier settlement, and full traceability of all recorded transaction records are fundamentally provided by blockchain's features.