Blockchain-based Traceability and Transparency in Agricultural Supply Chains: Challenges and Opportunities

Abstract

The use of blockchain technology in the agriculture business to improve transparency and traceability along supply chains is the topic of this study, which analyses its advantages and disadvantages. The study underlines the need for transparency and traceability in the agriculture sector as well as the advantages of employing blockchain technology in this area. Also, the study highlights the necessity of transparency and traceability in the healthcare sector. There is discussion of obstacles to implementation, including technological as well as organizational issues. The article uses Walmart, Nestlé, Bumble Bee Seafoods, and Cargill as examples of firms that have effectively implemented blockchain-based traceability and transparency in the agricultural industry. Other companies that are discussed are Bumble Bee Seafoods and Cargill. These examples demonstrate how systems based on blockchain technology can be utilized to improve supply chain management, thereby enhancing food security, efficiency, transparency, sustainability, quality, and access to markets. The conclusion of the study highlights the exciting future that blockchain-based traceability and transparency represents for the future of innovation and growth in the agricultural business.