The Rise of Blockchain Technology in Agriculture and Food Supply Chains
- 1. GIRO Program, IRTA Torre Marimon, E-08140 Caldes de Montbui, Barcelona, Spain & Research Centre on Interactive Media, Smart Systems and Emerging Technologies (RISE), Nicosia, Cyprus
- 2. GIRO Program, IRTA Torre Marimon, E-08140 Caldes de Montbui, Barcelona, Spain
Blockchain is an emerging digital technology allowing ubiquitous financial transactions among distributed untrusted parties, without the need of intermediaries such as banks. This article examines the impact of blockchain technology in agriculture and food supply chain, presents existing ongoing projects and initiatives, and discusses overall implications, challenges and potential, with a critical view over the maturity of these projects. Our findings indicate that blockchain is a promising technology towards a transparent supply chain of food, with many ongoing initiatives in various food products and food-related issues, but many barriers and challenges still exist, which hinder its wider popularity among farmers and systems. These challenges involve technical aspects, education, policies and regulatory frameworks.