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Blockchain and its Impact on the Agri Value Chain

AgroSpectrum

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AgroSpectrum India Feb 2024

The supply chain is always a complex task to manage the integrity, accountability, traceability, and quality of the products.

Blockchain and its Impact on the Agri Value Chain

The agriculture and food supply chain is more important than any other supply chain. Due to the lack of proper management in the agriculture and food supply chain, many unauthorised small agriculture and food organisations produce false products that are harmful. The modern supply chain is useful to prevent potential fraud a guarantees trade compliance. Blockchain that uses a decentralised ledger to store the information, and this information cannot be changed or modified, solves the problem of complexity in the agriculture and food supply chain.JATINDER ALAGH, Chief Technology Officer Arya.ag

The agricultural supply chain is a complex network involving farmers, processors, distributors, and consumers, often with numerous intermediaries in between. One of the core challenges in the agricultural industry due to this diversity and fragmentation is the lack of trust, and in our experience, the only means to combat distrust is through transparency.

For this reason, we started developing India’s first public agri-blockchain ledger to provide complete visibility and traceability and build complete assurance for all stakeholders in the agri-value chain. A world where every transaction is secure, transparent, and immutable – That’s what we hope to offer our stakeholders through the blockchain.

What is Blockchain

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