BIoT: Blockchain based IoT for Agriculture

Abstract

Blockchain's most basic promise for the agriculture industry is that it removes the need for third parties otherwise required to ensure trust within buyer-seller relationships, or for that matter any source-destination relationship. In an environment enabled by blockchain technology, transactions become peer-to-peer with no use for intermediaries.Apart from providing the means to transact peer-to-peer, blockchain can create `smart contracts' that execute the terms of any agreement when specified conditions are met. Every time value changes hands, whether physical products, services or money, the transaction can be documented, creating a permanent history of the product or transaction, from source to ultimate destination. Blockchain can be of great help in this sector. A transparent and trusted system can be built by putting all the information about agricultural events on a blockchain. Farmers can also get instant data related to the seed quality, climate environment related data, payments, soil moisture, demand and sale price, etc. all on a single platform.The intent of this project is to store the sensor data in a blockchain and build a smart contract deployed in the Ethereum blockchain to facilitate buying and selling of crops and land.