-a Basics in blockchain and their application in Agriculture
BLOCK
CHAIN:
A blockchain is essential and massive digital ledger that records
financial transactions. It can also be used to securely keep important and
valuable records, protecting them from alteration, left or abuse.
AGRICULTURE:
It
is the science or practice of farming, including cultivation of the soil for
the growing crops and the rearing of animals to provide food, wool
and other products.
The blockchain technology enables the traceability of information in the
food supply chain and thus helps to improve food safety.
It
provides secure way of storing and managing data, which facilitates the development
and use of data-driven innovation for smart farming and smart index based
agriculture insurance.
Now blockchain technology in agriculture has the potential to
revolutionize the whole agriculture sector. More importantly this
technology can help the agriculture sector in numerous way;
1] Use
of blockchain in agriculture.
2] Benefits
of blockchain in agriculture.
1] Use Cases of Blockchain in Agriculture;
A] Crop and Food Production
Blockchain technology will give more benefits in crop production, the
blocks will store the information of the crops in the chain, the information
likes where the seeds are bought, amount of fertilizers applied in crops and
their ratio, etc. Every thing will store in the block and many storage blocks
will form a chain (the functions will be explain in further blocks)
B] Food Supply Chain
In the case of food supply chain the blockchain will make a new
revolution in the industry. the customer can explore all the information including
method used for food processing, the place where it done, how the do the
supply, etc.
C] Controlling Weather Crisis
The weather is unpredictable in case of agriculture. Different crops
need different types of climate, and the required cultural practices is needed
in the correct time. If it delays it will cause in the occurrence of of pest and
disease. This technology will give clear records of existing climatic change in
the past timeline and will give suggestion for the problem. This may reduce the
problems occur due to the rainfall, drought, etc.
D] Managing Agricultural Finance
In the case of finance the blockchain will change the whole in this field. It will give transparence to the customer and producer, and the price fixation will be clear.
2] Benefits of blockchain in agriculture.
A] Improved quality control and food safety
Quality control and food safety will be
improved with the blockchain technology. It will reduce the death caused due to
contaminated food. Every year billions of people died due to unprotected and
contaminated food.
B] Increased traceability in the supply chain
Consumers will get the information of the food they eat. Folgers brand
coffee use the IBM blockchain platform connecting producers to customers. The
consumers can trace the coffee by the QR code and by this way they can know
where the coffee is from and who produced the coffee.
C] Increased Efficiency for farmers
The efficiency in the production will increase due to the introduction of
blockchain. The farmers will get increased in profit and thus the efficiency of
production will increase .
D] Fairer payments for farmers
Whenever it comes to payment the farmers face the payment delay problems and in traditional method the farmers will not get adequate amount for the crop produced. This problems will be reduced by the adaptation of this new technology.
The application of blockchain technology in agriculture is still in the research level and more researches need to be done in every department of agriculture to improve this technology.
" INVEST IN AGRICULTURE ARE THE BEST WEAPON AGAINST HUNGER AND PROVERTY, AND THEY HAVE MADE LIFE BETTER FOR BILLIONS OF PEOPLE"
Amazing.. Really it is a useful technology 🔥👏
ReplyDeleteWow💥
ReplyDeleteUseful bro.
ReplyDeleteNice info 👌
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