Rachna, Vaishali Thakur, Priyanka Sharma, Rebecca Nelson and Neha Thakur
This paper explores the potential of blockchain technology to revolutionize the Indian agricultural enhancing food safety, traceability, and supply chain management. The study emphasizes the benefits of blockchain in addressing critical challenges such as food fraud, transparency, and efficiency. It analyzes the specific applications of blockchain in areas like food product authentication, precision agriculture data management, financial transactions, and information management. However, implementing blockchain in the Indian agricultural sector faces significant technical, regulatory, and organizational hurdles. These challenges include scalability, interoperability, energy consumption, data privacy, and regulatory clarity. To fully realize the potential of blockchain, it is imperative to address these challenges through collaborative efforts between industry stakeholders, policymakers, and technologists. By fostering innovation, promoting regulatory frameworks, and investing in infrastructure, India can leverage blockchain to build a more sustainable, transparent, and resilient agricultural ecosystem.
Pages: 247-255 | 97 Views 48 Downloads