Enhancing Agricultural Product Supply Chain Management Using Blockchain Technology: Concept

Abstract

In traditional agricultural supply chain management, due to involvement of many stakeholders in the entire procedure ranging from farmers, retailers to final vendors, it is merely the producer of the agricultural products i.e., farmers get its direct benefit. The middle stakeholders are always more beneficial than farmers and hence, the conditions of farmers are always the same though they sometimes get good earning and it is becoming a very serious concern in India. The major reason behind it, the transparency and traceability of the entire supply chain of this agricultural products journey from farm to vendor shop. In addition, consumers are becoming more conscious of where their food and food products come from. Block chains have distributed ledger technology (DLT) which has potential to provide transparency and trust for agricultural product supply chains at its different stages and even useful for improving its efficiency. This can boost confidence of all stakeholders who are involved in this farming supply chain. This research paper proposes the same concept in its subsequent sections.