Blockchain technology in agriculture it use case
The need for agricultural development in both Uban/rural communities is in high demand in various countries, agriculture unlike finance and other technologies gets little or less attention from government agencies making farmers struggle with limited farm resources to grow their farm yield, thus limiting food production in both regions.
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Blockchain in transportation are a few of the use case problem blockchain technology is solving in the agricultural industry other problem blockchain technology is tackling in agriculture include supply chain, logistics, poor safety measures, and food fraud among which are lasting solution this innovative technology is gradually fixing in agricultural section.
Blockchain device security measures that will improve farmers' to final consumer relationships by increasing transparency between both parties with immutability in blockchain datas are proof edit, information stored in users database are not easily altered these added features will help boost workflow and daily business growth in the agricultural sector.
Blockchain is used in agriculture and has been gradually increasing business relationships between users here are some use cases of blockchain technology in agriculture.
Decentralization blockchain aims to secure end-to-end users transaction using cryptographic keys decentralized ledger on the blockchain where every transaction is recorded on a block with timestamps linked with other blocks on a chain that are not editable.
This key feature in blockchain can help secure farmers' to customers' online transactions, data management and also increase trust and credibility.
Blockchain technology can be used to improve supply chain, productivity, and sustainability which will further enhance data transparency among users.
A farmer can easily track farm inventory, and food supply chain with the use of blockchain traceability features, this will help in tracking food produce transportation to different destinations.
Payment can be made seamlessly using blockchain and integrated smart contract protocols which eliminates the need for third parties for executing any transaction, with the recent Covid pandemic the need for contactless payment systems are in high demand, blockchain improves payment convenience for both farmers and customers.
With blockchain, scalable tech solutions problems like poor inventories, poor pricing, and inefficient supply management are a few of the problem blockchain help to solve in the agricultural sector, by properly managing these problems with blockchain technology agricultural marketing businesses has drastically improve.
Reading reference links
binarapps blockchain in agriculture
This is a great topic, the blockchain in agriculture will come to impact positively all the activities that the sector demands, in a near time we will have at the disposal of the blockchain technology tools for each of the processes that are executed in the agricultural fields. Thanks @mccoy02 for sharing this kind of content.
Blockchain is gradually reflecting everything around us ranging from health, technology and finance we will see more impact of this technology from time to time thanks for stopping by.