Blockchain Based Credit System to Increase the Creditability through Carbon Offset Level

Abstract

Our country has relied significantly on agriculture as its main source of income for several decades. The demand for food and crops is growing due to the growing population, which offers the agriculture sector tremendous prospects for growth. However, despite the soaring demand and bright future, India’s agriculture industry has failed to demonstrate appreciable profitability. In the paper that follows, we provide a novel strategy meant to revolutionize agricultural marketing networks. Blockchain technology is included in our approach to enable the virtualization of products and carbon offset certificates. This system encourages agricultural producers to reduce carbon emissions and address environmental concerns. By utilizing blockchain in a particular way, carbon offset credits can be used to securely track, trade, and for other fostering sustainability practices. This integration of technologies assures to change how agricultural products are marketed currently. It also helps in promoting sustainability and provides consumers with all the valuable information about the environmental impact of their purchases.