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Blockchain and Agriculture

Publisher IDC
Published Mar 21, 2023
Length 10 Pages
SKU # IDC17828209

Description

Blockchain and Agriculture

This IDC Perspective examines the rapidly developing use of blockchain (and related technology such as cryptocurrency and NFTs) in the agricultural industry. Providing numerous examples of current and near-future applications of blockchain in agricultural insurance, carbon credits and ESG, food traceability, and more."Agriculture has several challenges when it comes to trust, traceability, and transactional efficiency. At the base of many of these problems are the issues around information storage, integrity, and sharing," notes Phillip Silitschanu, research director, IDC Financial Insights. "Due to the exceptional decentralization and security features of blockchain technologies, players in the agriculture supply network have been keen to incorporate this technology into agriculture-specific applications."

Please Note: Extended description available upon request.

Table of Contents

10 Pages
Executive Snapshot
Situation Overview
New Market Developments and Dynamics
Critical Challenges Facing Agriculture Today
Definition
Key Features
Hashes, Blocks, and No Reversals
Key Considerations
Simplification
A Transformational Technology
One Up/One Down Traceability
Traceability, Reduction of Waste and Decommodification
Optimization
Transactional
Insurance
NFTs and the Rise of Information as a Commodity (or Decommodity)
Advice for the Technology Buyer
Learn More
Related Research
Synopsis

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