Blockchain Technology: A Boon to Indian Agriculture
Deepak Kumar Meena*
Division of Agronomy, ICAR-Indian Agricultural Research Institute, New Delhi, Delhi (110 012), India
Darshana Brahma
Division of Entomology, ICAR-Indian Agricultural Research Institute, New Delhi, Delhi (110 012), India
Rakesh Dawar
Division of Agronomy, ICAR-Indian Agricultural Research Institute, New Delhi, Delhi (110 012), India
Samrath Lal Meena
Division of Agronomy, ICAR-Indian Agricultural Research Institute, New Delhi, Delhi (110 012), India
R.S. Bana
Division of Agronomy, ICAR-Indian Agricultural Research Institute, New Delhi, Delhi (110 012), India
DOI: NIL
Keywords: Agriculture, Blockchain, Distributed Ledger Technology, Transparency
Abstract
Blockchain technology is revolutionizing the Indian agricultural sector by providing a secure, transparent, and immutable platform to store data. This technology can be used to track and monitor agricultural products from farm to fork, reducing paperwork and decreasing costs. Moreover, it can help farmers get better prices for their produce by connecting them directly with buyers. Additionally, blockchain technology can enable farmers to access finance more easily by allowing them to create digital identities that can be used as collateral for loans. Blockchain Technology is an extremely promising technology that has the potential to reinvent agriculture by speeding up processes and delivering services, at a much lower cost. The possibilities offered by this technology are endless and have the potential to transform the Indian agricultural sector for the better.
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Reference
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