Use of blockchain to solve select issues of Indian farmers

Abstract

Agriculture is responsible for feeding the whole population and farmers are its main stakeholder. However, the socio-economic condition of farmers in most countries is not good and India is not an exception. This could be seen in terms of very low per capita income of Indian farmers. Farmers often face various issues in practicing their profession which affect their status quo. To this effect, this paper identifies fourteen such issues using exhaustive literature search and Delphi Technique. These issues are categorized under four head namely lack of proper information, beneficiaries schemes, low price of agricultural produce and lack of transparency and traceability in agri-business. Further to handle these select issues; a blockchain based information system is proposed.