Exploring Blockchain’s Potential to Transform Agriculture and Address Key Challenges

Key Points

1. Blockchain enables real-time tracking of agricultural supply chains, improving transparency and ensuring product quality, as seen in projects like IBM Food Trust.

2. The technology has significantly reduced food waste, with initiatives like Farm to Plate saving an estimated $6 billion by improving supply-demand visibility.

3. Farmers benefit from fair and automatic payments via smart contracts, eliminating middlemen and ensuring timely compensation.

4. Immutable blockchain ledgers protect land ownership rights by preventing fraudulent claims or bribes.

5. Blockchain adoption in agriculture is expected to grow as trust in the technology increases, potentially playing a major role in global sustainability.