The Impact of Blockchain Application on the Qualification Rate and Circulation Efficiency of Agricultural Products: A Simulation Analysis with Agent-Based Modelling

Liukun Wang, Chunjie Qi, Peng Jiang and Si Xiang
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Liukun Wang: College of Economics & Management, Huazhong Agricultural University, Wuhan 430070, China
Chunjie Qi: College of Economics & Management, Huazhong Agricultural University, Wuhan 430070, China
Peng Jiang: College of Economics & Management, Huazhong Agricultural University, Wuhan 430070, China
Si Xiang: College of Economics & Management, Huazhong Agricultural University, Wuhan 430070, China

IJERPH, 2022, vol. 19, issue 13, 1-17

Abstract: In the context of COVID-19, the circulation of agricultural products is increasingly important for the nutrition and health of people. With the changing needs of society and the advancement of technology, the agricultural product circulation system needs to undergo corresponding changes to adapt to the modern fast-paced social system. Blockchain technology couples with the circulation of agricultural products, as its technical features, such as immutability and a distributed ledger database, ensures the speed and stability of the key information circulation process of agricultural products. The research goal of this paper was to clarify the influence of blockchain technology on the qualification rate and circulation efficiency for agricultural products. Based on the main characteristics of blockchain technology and a summary of domestic and foreign theoretical research, this paper simulated the impacts of blockchain technology on the agricultural product circulation system. The results revealed that blockchain technology can improve the qualification rate of agricultural products and thereby ensure their quality and safety. The introduction of blockchain increased the qualification rate by nearly 30%. Moreover, blockchain technology significantly enhanced the efficiency of the agricultural product circulation system, thereby greatly promoting economic benefits. The introduction of blockchain increased circulation efficiency by nearly 15%. Finally, the introduction of blockchain technology can effectively promote the governance level and reduce the supervision costs of the agricultural product circulation system. Through simulation analysis, we found that blockchain technology has a positive impact on both the qualification rate and circulation efficiency for agricultural products. These findings enrich research into the application of blockchain technology in the management and circulation of modern agricultural products.

Keywords: blockchain; agricultural products; qualification rate; circulation efficiency; simulation analysis; food health (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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