Autonomous Agriculture Marketing Information System Through Blockchain: A Case Study of e-NAM Adoption in India

Jitendra Yadav, Madhvendra Misra and Sam Goundar

Chapter 5 in Blockchain Technologies, Applications and Cryptocurrencies:Current Practice and Future Trends, 2020, pp 115-138 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The National Agricultural Market, through networking of the APMCs, provides electronic trading for different kinds of agricultural produce. Under e-NAM, all the trading is to be done through a digital platform as prescribed to ensure transparency in the transactions and provide a fair price to the farmers. The study was conducted in three APMCs of Uttar Pradesh to analyze the ground-level practices occurring in these APMCs and to assess the level of adoption of e-NAM. A considerable variation in the arrival and bidding prices obtained from the APMCs was found when compared with the data available on the agriculture market information system (Agmarknet).In this chapter, we thus propose blockchain-based infrastructure to facilitate a highly transparent and autonomous system to further strengthen the information system and enable the efficient application of government rules and regulations pertaining to agricultural transactions in the APMCs through the utilization of smart contracts.

Keywords: Blockchains; Cryptocurrencies; Distributed Ledger Technologies; Bitcoin; FinTech (search for similar items in EconPapers)
JEL-codes: G20 L86 O3 (search for similar items in EconPapers)
Date: 2020
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