AI-Enabled Blockchain for Supply Chain in Agriculture

Abstract

The supply chain is a critical process involving farmers, buyers, suppliers, and many more entities. The entire system of farming and agriculture is based on it. The conventional method is very tedious and causes issues at multiple levels. AI and Blockchain are the two most used technologies nowadays. We are proposing an AI-enabled Blockchain ecosystem for the supply chain in Agriculture. A case study is given to explain the possibilities of the proposed model. The entire process of supply chain management has been transformed by artificial intelligence. AI plays a vital role in the warehousing process in collecting and analyzing information and inventory processes, enabling companies to increase efficiency and boost revenue. Precisely, AI predicts demand, modifying orders and rerouting products in transit. Major companies such as Google and Amazon have invested considerably in AI. Blockchain technology has been used in several areas, such as insurance, natural state, and securing personal information. Agriculture is one such field where Blockchain is being used extensively for the development and reformation of its various aspect. Unlike conventional, centralized and monopolistic agricultural management systems have been evolved. Blockchain provides a decentralized data structure to store and retrieve shared data with multiple un-trusted parties. The technology offers several advantages, including eliminating the dependenon the centralized supply chain management database, which is also referred to as single point failure, and the high cost due to verifying and monitoring transactions by third-party users. Figure.4 explains the blockchain process.