IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v14y2022i7p4313-d787353.html
   My bibliography  Save this article

The Role of Blockchain in Revolutionizing the Agricultural Sector

Author

Listed:
  • Mohannad Alobid

    (Faculty of Economic and Business, Institute of Applied Economic Sciences, University of Debrecen, Böszörményi Street, 138, H-4032 Debrecen, Hungary)

  • Said Abujudeh

    (Department of Engineering Management and Enterprise, Faculty of Engineering, University of Debrecen, Ótemető Street, 2, H-4028 Debrecen, Hungary)

  • István Szűcs

    (Faculty of Economic and Business, Institute of Applied Economic Sciences, University of Debrecen, Böszörményi Street, 138, H-4032 Debrecen, Hungary)

Abstract

Since blockchain technology has proven to be effective in the development of a wide range of industries, its use in other fields is also being expanded. Agriculture is one such sector, where blockchain technology is being used to improve farm business operations. Today, several agribusiness firms are utilizing technology to improve food supply chain tracking. For example, Farmers Edge, the world’s leading company that revolutionized the field of digital agriculture through its work in providing advanced artificial intelligence solutions, as well as new opportunities that give agriculture a globally advanced future for all stakeholders, has taken a significant step forward. The issue of blockchain network technology and its applications in agriculture will be discussed in this study, as well as the key advantages that this technology can provide, when employed to make the lives of both producers and consumers easier. In addition, a total of 79 research papers were evaluated, with a focus on the state of blockchain technology in agriculture, related issues, and its future importance, as well as relevant contributions to this new technology and the distributions of this study by different countries.

Suggested Citation

  • Mohannad Alobid & Said Abujudeh & István Szűcs, 2022. "The Role of Blockchain in Revolutionizing the Agricultural Sector," Sustainability, MDPI, vol. 14(7), pages 1-15, April.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:7:p:4313-:d:787353
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/14/7/4313/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/14/7/4313/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Honglu Wang & Min Zhang & Hao Ying & Xiande Zhao, 2021. "The impact of blockchain technology on consumer behavior: a multimethod study," Journal of Management Analytics, Taylor & Francis Journals, vol. 8(3), pages 371-390, July.
    2. Marina Niforos, 2017. "Blockchain in Development, Part I," World Bank Publications - Reports 30366, The World Bank Group.
    3. Mohammed Alkahtani & Qazi Salman Khalid & Muhammad Jalees & Muhammad Omair & Ghulam Hussain & Catalin Iulian Pruncu, 2021. "E-Agricultural Supply Chain Management Coupled with Blockchain Effect and Cooperative Strategies," Sustainability, MDPI, vol. 13(2), pages 1-29, January.
    4. Haoyang Tan & Qiang Zhang, 2021. "Application of Blockchain Hierarchical Model in the Realm of Rural Green Credit Investigation," Sustainability, MDPI, vol. 13(3), pages 1-9, January.
    5. Dutta, Pankaj & Choi, Tsan-Ming & Somani, Surabhi & Butala, Richa, 2020. "Blockchain technology in supply chain operations: Applications, challenges and research opportunities," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 142(C).
    6. Maria Simona Raboaca & Nicu Bizon & Catalin Trufin & Florentina Magda Enescu, 2020. "Efficient and Secure Strategy for Energy Systems of Interconnected Farmers′ Associations to Meet Variable Energy Demand," Mathematics, MDPI, vol. 8(12), pages 1-30, December.
    7. Kamble, Sachin S. & Gunasekaran, Angappa & Sharma, Rohit, 2020. "Modeling the blockchain enabled traceability in agriculture supply chain," International Journal of Information Management, Elsevier, vol. 52(C).
    8. Kamble, Sachin S. & Gunasekaran, Angappa & Gawankar, Shradha A., 2020. "Achieving sustainable performance in a data-driven agriculture supply chain: A review for research and applications," International Journal of Production Economics, Elsevier, vol. 219(C), pages 179-194.
    9. Sebahattin Demirkan & Irem Demirkan & Andrew McKee, 2020. "Blockchain technology in the future of business cyber security and accounting," Journal of Management Analytics, Taylor & Francis Journals, vol. 7(2), pages 189-208, April.
    10. Lennart Ante & Philipp Sandner & Ingo Fiedler, 2018. "Blockchain-Based ICOs: Pure Hype or the Dawn of a New Era of Startup Financing?," JRFM, MDPI, vol. 11(4), pages 1-19, November.
    11. Samuel C. A. Pereira, 2021. "On the precision of information," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 30(3), pages 569-584, August.
    12. Anne H. Gausdal & Karen V. Czachorowski & Marina Z. Solesvik, 2018. "Applying Blockchain Technology: Evidence from Norwegian Companies," Sustainability, MDPI, vol. 10(6), pages 1-16, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yaroslav Kichuk & Tetyana Semigina & Vadim Zubov & Valentyna Tokareva & Yurii Shtyka & NataliÑ–a Holiachuk, 2022. "Employment in the Agricultural Sector in the Coordinates of the Digital Economy: New Parameters and Strategic Vectors of Social Policy," Journal of Agriculture and Crops, Academic Research Publishing Group, vol. 8(4), pages 259-265, 10-2022.
    2. Faten Chaabane & Jalel Ktari & Tarek Frikha & Habib Hamam, 2022. "Low Power Blockchained E-Vote Platform for University Environment," Future Internet, MDPI, vol. 14(9), pages 1-17, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sneha Kumari & Shirish Jeble & V. G. Venkatesh & Chandrasekaran Nagarajan & Yangyan Shi, 2023. "Antecedents of agriculture supply chain performance during COVID-19: an emerging economy perspective," Operations Management Research, Springer, vol. 16(1), pages 489-510, March.
    2. Bai, Chunguang & Sarkis, Joseph, 2022. "A critical review of formal analytical modeling for blockchain technology in production, operations, and supply chains: Harnessing progress for future potential," International Journal of Production Economics, Elsevier, vol. 250(C).
    3. Tadesse Kenea Amentae & Girma Gebresenbet, 2021. "Digitalization and Future Agro-Food Supply Chain Management: A Literature-Based Implications," Sustainability, MDPI, vol. 13(21), pages 1-24, November.
    4. Sachin Kumar Mangla & Yiğit Kazançoğlu & Abdullah Yıldızbaşı & Cihat Öztürk & Ahmet Çalık, 2022. "A conceptual framework for blockchain‐based sustainable supply chain and evaluating implementation barriers: A case of the tea supply chain," Business Strategy and the Environment, Wiley Blackwell, vol. 31(8), pages 3693-3716, December.
    5. Himanshu Gupta & Manjeet Kharub & Kumar Shreshth & Ashwani Kumar & Donald Huisingh & Anil Kumar, 2023. "Evaluation of strategies to manage risks in smart, sustainable agri‐logistics sector: A Bayesian‐based group decision‐making approach," Business Strategy and the Environment, Wiley Blackwell, vol. 32(7), pages 4335-4359, November.
    6. Cao, Yu & Yi, Chaoqun & Wan, Guangyu & Hu, Hanli & Li, Qingsong & Wang, Shouyang, 2022. "An analysis on the role of blockchain-based platforms in agricultural supply chains," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 163(C).
    7. Oguntegbe, Kunle Francis & Di Paola, Nadia & Vona, Roberto, 2022. "Behavioural antecedents to blockchain implementation in agrifood supply chain management: A thematic analysis," Technology in Society, Elsevier, vol. 68(C).
    8. Pandey, Vivekanand & Pant, Millie & Snasel, Vaclav, 2022. "Blockchain technology in food supply chains: Review and bibliometric analysis," Technology in Society, Elsevier, vol. 69(C).
    9. Büşra Ayan & Elif Güner & Semen Son-Turan, 2022. "Blockchain Technology and Sustainability in Supply Chains and a Closer Look at Different Industries: A Mixed Method Approach," Logistics, MDPI, vol. 6(4), pages 1-39, December.
    10. Xiangzhen Peng & Xin Zhang & Xiaoyi Wang & Haisheng Li & Jiping Xu & Zhiyao Zhao, 2022. "Multi-Chain Collaboration-Based Information Management and Control for the Rice Supply Chain," Agriculture, MDPI, vol. 12(5), pages 1-26, May.
    11. Mangla, Sachin Kumar & Kazancoglu, Yigit & Ekinci, Esra & Liu, Mengqi & Özbiltekin, Melisa & Sezer, Muruvvet Deniz, 2021. "Using system dynamics to analyze the societal impacts of blockchain technology in milk supply chainsrefer," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 149(C).
    12. Ali, Mohd Helmi & Chung, Leanne & Kumar, Ajay & Zailani, Suhaiza & Tan, Kim Hua, 2021. "A sustainable Blockchain framework for the halal food supply chain: Lessons from Malaysia," Technological Forecasting and Social Change, Elsevier, vol. 170(C).
    13. Yadav, Amit Kumar & Shweta, & Kumar, Dinesh, 2023. "Blockchain technology and vaccine supply chain: Exploration and analysis of the adoption barriers in the Indian context," International Journal of Production Economics, Elsevier, vol. 255(C).
    14. Ulpan Tokkozhina & Ana Lucia Martins & Joao C. Ferreira, 2023. "Uncovering dimensions of the impact of blockchain technology in supply chain management," Operations Management Research, Springer, vol. 16(1), pages 99-125, March.
    15. Sharma, Prateek & Shukla, Dhirendra Mani & Raj, Alok, 2023. "Blockchain adoption and firm performance: The contingent roles of intangible capital and environmental dynamism," International Journal of Production Economics, Elsevier, vol. 256(C).
    16. Büyüközkan, Gülçin & Tüfekçi, Gizem & Uztürk, Deniz, 2021. "Evaluating Blockchain requirements for effective digital supply chain management," International Journal of Production Economics, Elsevier, vol. 242(C).
    17. Vineet Paliwal & Shalini Chandra & Suneel Sharma, 2020. "Blockchain Technology for Sustainable Supply Chain Management: A Systematic Literature Review and a Classification Framework," Sustainability, MDPI, vol. 12(18), pages 1-39, September.
    18. Liu, Shuai & Hua, Guowei & Kang, Yuxuan & Edwin Cheng, T.C. & Xu, Yadong, 2022. "What value does blockchain bring to the imported fresh food supply chain?," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 165(C).
    19. Vincenzo Varriale & Antonello Cammarano & Francesca Michelino & Mauro Caputo, 2021. "Sustainable Supply Chains with Blockchain, IoT and RFID: A Simulation on Order Management," Sustainability, MDPI, vol. 13(11), pages 1-23, June.
    20. Lai, Kee-hung & Feng, Yunting & Zhu, Qinghua, 2023. "Digital transformation for green supply chain innovation in manufacturing operations," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 175(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:14:y:2022:i:7:p:4313-:d:787353. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.