Thematic Intelligence: Blockchain in Agriculture

Thematic Intelligence: Blockchain in Agriculture


Blockchain is an electronic ledger of transactions, secured by a blend of consensus mechanisms and cryptographic signatures. Data recorded in the blockchain is unchangeable, making it secure and trusted. The global blockchain market will grow from $12 billion in 2023 to $291 billion in 2030, expanding at a compound annual growth rate (CAGR) of 55%, says GlobalData.

Blockchain has the potential to bring about efficiency gains in all segments of the agricultural value chain, by reducing information asymmetry and making records immutable. If successfully adopted, blockchain will improve food security, by mitigating the impact of climate change, reducing supply chain inefficiencies, and supporting smallholder farmers.

  • This report is a thematic brief, which identifies those companies most likely to succeed in a world filled with disruptive threats.
  • Inside we predict how each theme will evolve and identify the leading and disrupting companies.
  • This report covers the blockchain theme and its impact on agribusiness.
Reasons to Buy
  • GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition, and secure that all-important competitive advantage.
  • Develop and design your corporate strategies through an in-house expert analysis of cybersecurity by understanding the primary ways in which this theme is impacting the agricultural industry.
  • Stay up to date on the industry’s major players and where they sit in the value chain.
  • Identify emerging industry trends to gain a competitive advantage.

Executive Summary
Value Chain
Agriculture Challenges
The Impact of Blockchain on Agriculture
How can blockchain help tackle supply chain disruption?
How can blockchain help tackle climate change and environmental degradation?
How can blockchain help tackle the challenge of land and labor shortages?
How can blockchain help tackle the challenge of spoilage and waste?
How can blockchain help tackle the challenge of pressure on limited resources?
Case Studies
Ecuador’s Sustainable Shrimp Partnership uses blockchain to verify its supply chain
GainForest is using blockchain-based smart contracts to incentivize conservation
Etherisc uses blockchain to streamline the insurance process
Market Size and Growth Forecasts
The financial services industry leads the way in global blockchain spending
The US leads the way
Blockchain Timeline
M&A trends
Patent trends
Company filing trends
Leading blockchain adopters in agriculture
Leading blockchain vendors
Specialist blockchain vendors in agriculture
Further Reading
GlobalData reports
Our Thematic Research Methodology
About GlobalData
Contact Us
List of Tables
Table 1: Agriculture Challenges
Table 2: Key M&A transactions associated with the blockchain theme in 2023
Table 3: Leading blockchain adopters in agriculture
Table 4: Leading blockchain vendors
Table 5: Specialist blockchain vendors in agriculture
Table 6: Glossary
Table 7: GlobalData reports
List of Figures
Figure 1: Key players in blockchain
Figure 2: The blockchain value chin
Figure 3: Global agricultural production is now growing faster than the global population
Figure 4: Thematic invesment matrixMany parts of the agribusiness value chain must explore investing in blockchain applications and services.
Figure 5: The SSP verifies all shrimp are ASC-certified
Figure 6: Measure-to-earn reverses deorestation
Figure 7: Etherisc at Machakos Agricultural Training Center
Figure 8: GlobalData estimates that the global blockchain market will be worth $291 billion by 2030
Figure 9: he financial services ndustry leads blockchain spending
Figure 10: The evolution of blockchain can be divided into several distinct phases
Figure 11: The blockchain story
Figure 12: The number of blockchain-related M&A deals remains strong despite the crypto crash
Figure 13: Blockchain-related patents in agriculture reached a high of 72,814 in Q3 2022
Figure 14: China has a startling lead on blockchain-related patents in agriculture
Figure 15: Blockchain-related agribusiness filings have been volatile over the last five years
Figure 16: Blockchain was the 29th most-mentioned theme in agribusinesses filings from 2019 to 2024
Figure 17: Our five-step approach for generating a sector scorecard

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