Enabling Agricultural Sector through Blockchain Technology – Farmers Perspective

Abstract

The agricultural sectors in India and abroad have been affected extensively due to the Covid-19 pandemic. It is necessary to provide solutions for the availability of resources, controlling the cost, quality in production, transparent food supply, fulfilling demand, and removing intermediaries. The structural reforms in the agricultural sector by adopting emerging technologies, especially blockchain technology (BCT) and the robotics automation process, are inevitable during the pandemic and future development. To study the impact of blockchain on the Agriculture sector, the farmer's level of awareness of the blockchain technology, its methodological influence, the inclination of farmers to adopt the technology in their farming, and agri-related activity are vital. This paper aims to explore the opportunities of BCT in expanding the agriculture sector, ascertain the awareness and intensity of farmers' knowledge of the effect of BCT, and develop the mean difference in the opinion of the farmers towards the utilization of BCT in the relevant field of agriculture. A structured interview schedule was administered with 360 sample farmers from the Delta regions of three states located in the southern part of India, such as Andhra Pradesh, Karnataka, and Tamilnadu, using a purposive sampling technique intending. Irrespective of the age, gender, land capacity, possession, education level, learned procedures, and abundant experience helped the farmers demand a new technology interface to improve their income level and register their sustainability.