Agri-Chain: A Blockchain-Empowered Smart Solution for Agricultural Industry

Blockchain technology can potentially revolutionize several industries, including agriculture, by addressing agri-product deception, accountability, price tampering, and low consumer trust. Several significant challenges arise due to active human involvement in the agricultural supply chain, including monetary losses, food contamination, spoilage, lack of transparency, delays, poor traceability, security issues, and data vulnerability. The decentralised computing architecture and secure distributed public ledger technology of blockchain make it a suitable substitute to address these problems and attain profitability and confidence for all parties involved. By reviewing previous research and examining case studies of blockchain start-up businesses, this article seeks to illustrate the diverse ways in which blockchain technology can be applied in the agriculture sector, additionally, it will resolve current problems. Blockchain technology presents a viable means of promoting a more reliable, superior, safer, and environmentally sustainable agri-food system in the future. Agri-Chain aims to connect different stakeholders while addressing challenges prevalent in the agriculture sector through the use of Internet of Things (IoT) devices and by implementing Ethereum smart contracts. Although blockchain use in agriculture is currently in its initial stages and faces numerous challenges, including installation costs, privacy concerns, security concerns, scalability difficulties, performance issues, and immaturity, it can revolutionize the industry.