Augmented System for Food Crops Production in Agricultural Supply Chain using Blockchain Technology

Abstract

The elevated version of the Agricultural Traceability System dealing with food production holds utmost significance in not only assuring food insecure, smart contracts and agri-insurance to farmers but also guaranteeing insurance to them during natural disaster. The proposed and improved system for food cultivation traceability deals with agri-crops and farmers that hires the Blockchain technology guarantee at par safety, agreement, distributed ledger, immediate payment, decentralization and thereby achieving the goal of minimizing the cost incurred in the food processing system and building trust. Smart contracts play a pivot role in the field of agricultural insurance. Agricultural insurance based upon Blockchain comprises of major weather incidents and associated payouts enlisted on a smart contract, connected to the mobile wallets with timely weather updates notified by the field sensors and interrelated with data from proximity weather stations would enable prompt payout during any natural calamity such as flood or drought. A panel of advisers in the decentralized system which is professionally governed and managed by certain retired officers makes the traceability system more trustworthy. These professionals can offer wise suggestions to the planters aiding them to acquire productive outcome.