Revolutionizing the Agriculture and Food Industry through Blockchain Technology: Challenges and Opportunities

Abstract

Blockchain is a distributed and decentralized technology that can revise multiple diligence, including the husbandry and food sectors. This paper provides a comprehensive check of the literature on the operation of blockchain in husbandry and food sector. The paper focuses on exploring the implicit benefits, challenges, and openings associated with the perpetration of blockchain technology in these sectors. The check is conducted using a blend of qualitative and quantitative research methodologies, including literature review, case studies, and checks of applicable stakeholders. The results indicate that blockchain technology has the implicit to enhance translucency, traceability, and effectiveness in the husbandry and food force chains. The perpetuation of blockchain can ensure lesser food safety, reduce destruction, ameliorate force operation, and enhance transactional security. Blockchain technology also has the implicit of giving lesser request access and fiscal invention to small and medium-sized growers. Still, there are several challenges to the relinquishment of blockchain technology in husbandry and food sector, including the lack of nonsupervisory fabrics, shy technological structure, and issues related to data standardization and interoperability. The lack of mindfulness and understanding of blockchain technology among the growers and stakeholders also hamper the relinquishment of blockchain technology in the husbandry and food sector. Blockchain technology holds significant pledge for the husbandry and food sector by enhancing translucency, traceability, and effectiveness. Still, the relinquishment of blockchain technology in these sectors would bear the development of acceptable nonsupervisory fabrics, technological structure, and mindfulness and understanding among the stakeholders.