There’s no alternative to the agriculture sector. That is because if we don’t grow crops, then what will we eat for a living? And it’s a fact that the agricultural sector is going through many issues, and many farmers are having trouble with many problems. However, blockchain technology can solve many problems easily.
Smart Farming
One of the great benefits of blockchain in the agriculture field is smart farming. Now, you can ask me what that suppose to mean. Well, smart farming means using the current technologies and increasing the effectiveness and efficiency of farming. However, blockchain technology makes sure all the data are processed and stored correctly related to farming so that those data can be used in effective farming. Besides, the blockchain will make sure that all the data are not removed, and everyone can use them for better cultivation.
Availability of Data
We all know how important data is for the very sector. Well, blockchain technology is a good place for storing all the data related to agriculture so that everyone can access that and use that for their benefit. Now, farmers can store and access data about the plants, how they grow and the quality of the seeds and other reliable and important data. With the help of this data, they will be able to harvest and make a decision on what seed or fertilizer to choose since they know which one is the best. At the same time, there is no place to alter those data, so there is no place for fraud.
Maintaining Quality
I think the most important thing in the agriculture sector is the quality of the things. I mean, if the quality of the seeds, plants, and even the crops is not good, then there is no profit or purpose in working so hard. At the same time, good seeds are responsible for good plants and crops. So, it is important to choose good seeds. Now, if all the info of the seeds is entered into the blockchain network that everyone can access, then they will be able to determine which seed to choose and which one will be the perfect one for them. At the same time, if people share all the info related to their crops on the blockchain, then buyers will be able to see which has the best quality, and they will be able to choose the best quality crops as well.
Marketplace
Blockchain can be used to create a marketplace for suppliers, farmers, and buyers who will come together and buy and sell crops, seeds, plants, and other things. All the parties will be able to share their data, and others will be able to see the data and make decisions about which one they should buy. It will make sure that all the middlemen are gone, and they will be able to make some profit.
Transaction and Supply Chain
Blockchain makes transactions easy, fast, and cheap. And if blockchain is used in agriculture, then all the transactions and communication in the agriculture sector will be easy too. At the same time, it will also be possible to control and track the supply chain of the products easily.