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The Inception of Blockchain Technology in Agriculture and its Contribution to Economic Reform of the Agricultural Sector

Journal: International Journal of Mechanical and Production Engineering Research and Development (IJMPERD ) (Vol.10, No. 3)

Publication Date:

Authors : ; ;

Page : 2231-2238

Keywords : Blockchain Technology; Security; Sustainable Environment; Agriculture; Peer To Peer Network.;

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The Blockchain technology gained immense popularity after the release of white paper under the pseudonym, Satoshi Nakamoto. The technology has brought revolutionary changes in the field of economics and finance but the appeal of Blockchain is far above the financial arena and finds itself relevant in many other fields as well. This paper explores the establishment of a network using the Blockchain technology to bring systematic and exhaustive growth in agricultural and subtler aspects of agriculture business making it to more economical for the small and mid-scale farmers and discuss the prospect of a peer to peer independent network among the farmers and agriculturally dependent counterparts

Last modified: 2021-01-11 14:52:01