Blockchain Information System—A Tool for Digitalization of the Agricultural Sector

Violeta I. Blazheva () and Oksana G. Karataeva ()
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Violeta I. Blazheva: Tsenov Academy of Economics
Oksana G. Karataeva: Russian State Agrarian University – Moscow Timiryazev Agricultural Academy

A chapter in AgroTech, 2022, pp 209-213 from Springer

Abstract: Abstract The paper aims to examine blockchain technology in terms of its ability to consolidate information in a way that is transparent to consumers, primarily in the agricultural sector. In terms of methods, the development focuses on analyzing the increasing need to trace the supply chain from producers to end-users. The main results of the introduction of blockchain technology boil down to achieving transparency in the origin and quality of the products (goods) produced to avoid food fraud in the supply chain. The authors express their opinion that the advancement of blockchain technology will not replace the systems currently in use but will complement and modernize them. This is possible only with the participation of the government. The research novelty lies in the fact that the considered technology is a new business model creating the opportunity to reach new customers. From this perspective, producers and processors need to contribute information isolated as an array of data known as a blockchain. The blockchain platform is a new information system in the agricultural sector. Digitalization of the economy, including the agricultural sector, is possible with the direct participation of the government, namely through the creation of broadband Internet infrastructure, weather stations, the consolidation of data from farms, and the participation of specialists.

Keywords: Blockchain; Technology; Digitalization of the economy; Agricultural sector; Europe 2020; O32 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-3555-8_21

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DOI: 10.1007/978-981-19-3555-8_21

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