Blockchain in agriculture
- 1. CYENS Center of Excellence, Nicosia, Cyprus and Pervasive Systems Group, University of Twente, Enschede, The Netherlands
- 2. CYENS Center of Excellence, Nicosia, Cyprus
- 3. Institute of Agriculture and Food Research and Technology (IRTA), 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 chapter 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.