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Supply Chain Management for Agri Foods Using Blockchain Technology

Supply Chain Management for Agri Foods Using Blockchain Technology

Niranjan Dandekar, Amit Dua, Manik Lal Das, Viral A. Shah
Copyright: © 2021 |Pages: 24
ISBN13: 9781799858768|ISBN10: 1799858766|ISBN13 Softcover: 9781799872306|EISBN13: 9781799858775
DOI: 10.4018/978-1-7998-5876-8.ch003
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MLA

Dandekar, Niranjan, et al. "Supply Chain Management for Agri Foods Using Blockchain Technology." Multidisciplinary Functions of Blockchain Technology in AI and IoT Applications, edited by Niaz Chowdhury and Ganesh Chandra Deka, IGI Global, 2021, pp. 46-69. https://doi.org/10.4018/978-1-7998-5876-8.ch003

APA

Dandekar, N., Dua, A., Das, M. L., & Shah, V. A. (2021). Supply Chain Management for Agri Foods Using Blockchain Technology. In N. Chowdhury & G. Chandra Deka (Eds.), Multidisciplinary Functions of Blockchain Technology in AI and IoT Applications (pp. 46-69). IGI Global. https://doi.org/10.4018/978-1-7998-5876-8.ch003

Chicago

Dandekar, Niranjan, et al. "Supply Chain Management for Agri Foods Using Blockchain Technology." In Multidisciplinary Functions of Blockchain Technology in AI and IoT Applications, edited by Niaz Chowdhury and Ganesh Chandra Deka, 46-69. Hershey, PA: IGI Global, 2021. https://doi.org/10.4018/978-1-7998-5876-8.ch003

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Abstract

The agricultural supply chain consists of many participants like producer (generally farmer), consumer (people who buy the product and consume them), wholesalers, and retailers. This system consists of many levels of mediator parties as well which have different policies of the commission. Due to the difference in these policies, the producers do not get their fair share of price. Due to the varying prices, consumers also suffer as they do not get the right quality of the product for the right price. There are no central records maintained regarding the transactions between the participants which could lead to many serious problems. To tackle the above-mentioned issues, we need a holistic approach that can provide solutions to most of the above issues. Here, blockchain-based solution can be used to achieve traceability (we can trace the whereabouts of the product, the origin of the product, etc.), transparency (so that a sense of trust is achieved), fairness (by removing the intermediaries), assurance of food safety and pricing (so that nobody has to bear the loss).

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