Blockchain in Agro-Industrial Complex
Abstract The article reviews the available projects and programs using digital technologies and the results of their adaptation in agriculture and specifically in the agro-industrial complex. Tokenization makes any production sector attractive and transparent for investment. The blockchain enables an investor to understand and estimate where the money is invested and what the result will be, how large the final profit will be and whether there will be an additional investment income from the agribusiness. Most of the initial efforts in blockchain in agribusiness are trackable achievements. The authors point out that it is possible to create an efficient supply chain that provides full product serviceability and improves the transactions efficiency by using modern digital technologies. It is about improving margins by reducing bureaucracy and supporting continuity of business problem-solving with blockchain. In doing so, blockchain provides all stakeholders with a common source of reliable information for the agro-industrial and logistics chain.
Authors
- I. Kravchenko
- Veronika Denisovich (ORCID: https://orcid.org/0000-0003-3125-6570)
- Pavel Petrov
- Nikolay Kokanov
- Andrey Majorov
- Anna Dmitrieva
Institutions
- South Ural State University (RU)
- Chelyabinsk State University (RU)
- Financial University (RU)
- Institute of Social and Humanities (RU)
Publication Details
- Journal
- IOP Conference Series Earth and Environmental Science
- Published
- 2024-10-01
- DOI
- https://doi.org/10.1088/1755-1315/1405/1/012012
- Primary Topic
- Blockchain Technology Applications and Security
- Type
- article
- Field-Weighted Citation Impact
- 0.00