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.

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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
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article

Blockchain in Agro-Industrial Complex

I. Kravchenko, Veronika Denisovich, Pavel Petrov, Nikolay Kokanov et al.
IOP Conference Series Earth and Environmental Science
Blockchain Technology Applications and Security
article

Blockchain in Agro-Industrial Complex

I. Kravchenko, Veronika Denisovich, Pavel Petrov, Nikolay Kokanov, Andrey Majorov, Anna Dmitrieva
article en

Abstract

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.

IOP Conference Series Earth and Environmental ScienceVol. 1405(1)
South Ural State University (RU), Chelyabinsk State University (RU), Financial University (RU), Institute of Social and Humanities (RU)
Zero hunger
Openalex Percentile: Top 65%
Blockchain Technology Applications and Security
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