Honey is globally recognized for its substantial nutritional and therapeutic properties. However, its high market value makes it susceptible to counterfeiting, negatively impacting consumers and beekeepers. This paper presents a blockchain-based framework to monitor the honey trade supply chain, ensuring authenticity. The framework employs an oracle component to verify honey quality and origin using IoT data. Additionally, it integrates fungible and non-fungible tokens to track honey batches. The study evaluates the economic feasibility of this approach, demonstrating that the cost of performing a trade is less than USD 1, with the oracle component achieving an average accuracy rate of 90% in detecting falsified sensor data.
Yash Madhwal, Eric Pieber, Yury Yanovich, Tatiana Yakushkina
In recent years, much more attention has been devoted to the management of honey bees, resulting in the slowing down of bee mortality and their improved protection. However, there are still some obstacles that prevent all-encompassing protection. In this work, we present the first prototype of a system that the processes of a supply chain of apiarists by enabling them to sell the products on a blockchain platform, thus preserving the provenance of the product. The data is processed in the context of smart contracts, which provide a majority of the business logic of how the data can/may be processed and accessed. We give an overview of the background of the usefulness of the proposed solution in regard to the recognized issues in this field. Further, we demonstrate the first approaches that have been implemented in order to lay a solid cornerstone for supporting beekeepers with a decentralized system. The code for the prototype application is available on GitHub.
Purpose -The increase in the popularity of cryptocurrency market, various literature figure out the macroeconomic factors that effect the price movements of cryptocurrencies. This research aims to identify the interaction between gold, brent oil and bitcoin. Methodology -The database includes the Daily prices of Bitcoin, gold and brent oil prices between the period of 28.04.2013-23.07.2019 which consist of 484 daily data. Natural logaritm for each indicator is used. First, the stationarity of the series were analyzed with ADF (Augmented Dickey Fuller) unit root test. Lag lengths are determined. Interactions between the series were analyzed by the Impulse-Response Function and Variance Decomposition methods. Findings-The series are found out to be stationary at first difference. Impulse response graphs indicate that all variables respond in a reducing way to reducing shocks occurred in each indicator. Shocks have lost their effect on average in 5 days.
Bitcoin is a virtual currency that is created from computer code. It has no central bank and is not backed by any government. But it can be exchanged for goods and services or for any other currencies. They were launched in 2009 as a bit of software written under the name Satoshi Nakamoto. The present paper analyse the Indian Tax and legal considerations regarding Bit coins. It also analyse the problems and risks related with Bitcoins.