The Role of Blockchain in Revolutionizing the Agricultural Sector

Abstract

Since blockchain technology has proven to be effective in the development of a wide range of industries, its use in other fields is also being expanded. Agriculture is one such sector, where blockchain technology is being used to improve farm business operations. Today, several agribusiness firms are utilizing technology to improve food supply chain tracking. For example, Farmers Edge, the world’s leading company that revolutionized the field of digital agriculture through its work in providing advanced artificial intelligence solutions, as well as new opportunities that give agriculture a globally advanced future for all stakeholders, has taken a significant step forward. The issue of blockchain network technology and its applications in agriculture will be discussed in this study, as well as the key advantages that this technology can provide, when employed to make the lives of both producers and consumers easier. In addition, a total of 79 research papers were evaluated, with a focus on the state of blockchain technology in agriculture, related issues, and its future importance, as well as relevant contributions to this new technology and the distributions of this study by different countries.