Blockchain-Based Marketplace for Farmers Using Perun Payment System

Agricultural sector requires a supply chain for the availability of different farm products throughout the usable premises to gain more profit. Many existing researches address the issue, but no one is comfortable with payment, authentication, and integrity. Centralized models are not flexible. Blockchain is used along with the supply chain by the current research works to decentralize the system where the scalability issue is not addressed. Our scheme is the first blockchain-based supply chain model, which can resolve the scalability issue to make the payment faster. We have used Perun virtual channel to resolve the issue. In faster payment in blockchain, Perun payment system is comparable with visa and master card also. Our scheme is user-friendly, as we use data integrity with the current date and time at sending and receiving. The proposed scheme is fully decentralized with scalable blockchain. Availability of the whole system publicly and to all the participant entities makes a public verifiable system. We have used smart contracts and analyzed the gas consumption in the result section. Performance of the resultant work shows that our scheme is cost-effective and feels like easy payment in the blockchain. The payment time in the proposed scheme is almost 99% less than the existing works. The application of the resultant work may consider for other current sectors.