Use of Blockchain Technology in Agribusiness: Transparency and Monitoring in Agricultural Trade

Abstract

This paper is exploring the possibilities to use the blockchain technology in agribusiness. Nowadays, the digital transition has resolutely conquered agriculture. Blockchain technology continues to show that it can turn many markets and economies, and agriculture could be one of them. The production growth to meet the demand, lead us to a radical change in agribusiness. Technology can be an important pillar for this transformation. Blockchain management is based on transparency, security and authenticity, could we apply those principles to the new agricultural industry? This study shows that Agricultural sector has a great need for information that support traceability. Each one of the actors concerned must turn to the other part of the value chain to better understand possible external factors and disruptive emerging technologies.