Blockchain is an emerging technology that will change the scenario of current Agriculture.
Agriculture is a primary requirement of human existence. Nowadays, the agriculture sector is facing lots of problems due to poor data integration. E.g. somewhere people are doing over production of crops and somewhere people are dying due to hunger and malnutrition. But, the reason behind this is a problem with the integration and interpretation of information. Various organisations are working on data collection for the agriculture sector but unfortunately, the collected data is not integrated properly as they are centralised in different organisations.
When the new crop is sowed, it takes 4 to 5 months period to get ready for harvesting. Due to poor storage facilities and reduced price for their produce, farmers are left with no option other than throwing it on roads in rage. But the irony here is no one gets that produce for free! This 4 to 5 month time is sufficient to take a decision about storage and demand generation. In addition to that the government should also come up with “crop-friendly” policies to ensure that the produce is consumed properly and timely.
So, here the question pops up – How can we solve this multitude of problems in agriculture via Blockchain Technology? But before that it is better to understand the concept of Blockchain Technology.
What is Blockchain Technology?
This story is from the January - February 2019 edition of Business Of Agriculture.
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This story is from the January - February 2019 edition of Business Of Agriculture.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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