Abstract
The implementation of blockchain in agriculture could revolutionize the sector by creating an immutable record of transactions, from farm to fork. This would not only ensure food safety and quality but also enable fair pricing and reduce intermediaries, directly benefiting farmers. Moreover, smart contracts on the blockchain could automate payments and enforce agreements, streamlining processes and reducing disputes in the agricultural supply chain. These advancements align with the "Make in India" initiative by fostering innovation, attracting investments, and positioning India as a leader in agri-tech solutions.
Technology-driven, integrated supply chains enable entities to reduce inventory and costs, add product value, extend resources, accelerate time to market, expand market, increase pricing for sellers and variety for buyers as well as retain customers. In order to have a successful supply chain, the Indian Government has sought to involve multiple stakeholders to improve interactions between farmers, processors, distributors and retailers. The Indian government’s focus is on supply chain-related infrastructures like cold storage, abattoirs and food parks.
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