Blockchain in Agriculture and Food Supply Chain: Introduction
- Blockchain is a digital database comprising information that can be simultaneously used and shared within a large network. The blockchain in agriculture and food supply chain records and manages the data by using cryptography and provides transparency in the farming process and supply chain.
- The use of blockchain in agriculture and the food supply chain offers quality assurance and improved logistics. It can create a direct link between the farmers and consumers.
- The blockchain market is expected to grow through initiatives such as the World Blockchain Association, and Global Blockchain Business Council, and increased demand for supply chain transparency.
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Global Blockchain in Agriculture and Food Supply Chain Market: Dynamics
Global Blockchain in Agriculture and Food Supply Chain Market: Key Drivers
- Increasing food safety concerns due to the COVID-19 pandemic among consumers is driving the demand for transparency in the supply chain, which is estimated to boost the blockchain in agriculture and food supply chain market during the forecast period.
- Increasing demand for agricultural products and adoption of smart agriculture techniques among producers is estimated to drive the growth of the blockchain in agriculture and food supply chain market.
- Furthermore, government initiatives for use of modern techniques in agriculture, the growing popularity of blockchain between retailers, and rising investments and funding in agriculture and food blockchain are expected to create opportunities for the market during the forecast period
- However, uncertainty in regulations, lack of standards, and mismanagement of data among growers is anticipated to hamper the blockchain in agriculture and food supply chain market during the forecast period.
Key Players Operating in the Global Blockchain in Agriculture and Food Supply Chain Market Include:
- ACR-NET
- Advanced Research Cryptography Ltd.
- AgriDigital
- Ambrosus
- Chainvine
- FCE Group AG
- IBM
- Microsoft
- OriginTrail
- Project Provenance Ltd.
- Ripe.io
- SAP SE
- TE-FOOD International GmbH
- Viveat
Global Blockchain in Agriculture and Food Supply Chain Market: Research Scope
Global Blockchain in Agriculture and Food Supply Chain Market, by Type
- Public
- Private
- Consortium
Global Blockchain in Agriculture and Food Supply Chain Market, by Providers
- Application and Solution Providers
- Infrastructure Providers
- Middleware Providers
Global Blockchain in Agriculture and Food Supply Chain Market, by Organization Size
- Small and Medium-sized Enterprises
- Large Enterprises
Global Blockchain in Agriculture and Food Supply Chain Market, by Application
- Product Traceability, Tracking, and Visibility
- Smart Contracts
- Payment and Settlement
- Governance, Risk, and Compliance Management
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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