The global blockchain in agriculture & food supply chain management market is anticipated to grow at a considerable CAGR of 48.1% during the forecast period. Innovation combined with advanced technologies such as blockchain and artificial intelligence (AI) offers several solutions to agriculture. Blockchain technology will be a gamer changer as it can benefit accurate data about the farms, inventory, credit scores, and food tracking. Several tech innovations including AI and ML, are being increasingly launched by enterprises to help farmers enhance farm productivity. For instance, in August 2021, Samunnati launched an integrated Blockchain, AI, and ML platform centered on FPOs and farmer members. The platform will enable the redistribution of value chain gains to farmers. The blockchain is co-powered by the University of Hyderabad, Samunnati, Synchrony, and the Social Education Economical Development Society. Through blockchain technology, transparency for all involved stakeholders improves, and it also facilitates the collection of reliable data. From the beginning to the end of the product’s life, blockchain can record every step in a product’s value chain.
Browse the full report description of “Global Blockchain In Agriculture & Food Supply Chain Management Market Size, Share & Trends Analysis Report by Type (Public, Private, and Hybrid), by Providers (Application Providers, Middleware Providers, and Infrastructure Providers), by Stakeholders (Growers, Food Manufacturers/Processors, and Retailers), and by Application (Product Traceability, Tracking, & Visibility, Payment & Settlement, Smart contract, and Governance, Risk, & Compliance Management) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/blockchain-in-agriculture-and-food-supply-chain-management-market
For instance, in May 2020, Agri10x announced a collaboration with the Indian government to help remote farmers sell their produce directly in the market using blockchain and artificial intelligence (AI) platforms. With this, the company will get to access the government’s national common service centers (CSCs), which would enable farming communities to register on the Agri10x blockchain platform through the ‘village-level entrepreneurs’ (VLEs) program. The blockchain platform is said to provide farmers with a fair price, and transparency and assist them in collecting real-time data to manage their harvests effectively.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Providers
o By Stakeholders
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Ambrosus, Bext360, CargoChain, Chainvine Ltd., Coin22, eHarvestHub Inc., FCE Group AG, GrainChain, Inc., IBM Corp., Microsoft Corp., modum.io AG, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Blockchain in Agriculture & Food Supply Chain Management Market Report Segment
By Type
By Providers
By Stakeholders
By Application
Global Blockchain in Agriculture & Food Supply Chain Management Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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