The introduction of blockchain technology aided with other emerging technologies such as AI, IoT will be able to address the concerns of the stakeholders in the agriculture sector.
The blockchain system provides a tamper-proof mechanism for storage of data and documents, maintains a history of all the changes to the data and provides a mechanism for tracking and tracing the movement of the commodities. The availability of this data with each of the stakeholders provides decentralization and necessary trust amongst the stakeholders. The technology could be used in the areas of seed / produce certification, supply chain , procurement & supply, insurance etc and facilitate the in-time payments to the farmers.
Changes to the certificates will also be submitted to the Agri Chain by the issuing authority. The AgriChain system will then link these new updates of the certificates and integrate them into the chain and store them securely.
The system provides quick and reliable access for verification and averts the storage facilities to store the earlier paper-based formats of the certificates. This paperless-based system saves time for verification and promotes a digital e-paper-based format. The system could be used by various departments and organizations,
The generic AgriChain developed enhances the following features.
The generic AgriChain developed enhances the following features.
