6. Role of Blockchain in Agriculture and Food Sector: A Summary

Agriculture is the backbone of major nations around the world and also a very important sector for the survival of mankind. For a country like India, it contributes immensely and plays a significant role in the overall societal and economical foundation and steadiness. But in spite of all of this, one less focused industry that blockchain has the prospective to transform entirely is agriculture. Even though agriculture is not jargon and attractive as many other sectors such as finance or health care, this very essential and a basic need industry for mankind with lots of issues to be resolved. Blockchain is an innovative and disruptive technology which has a disseminated ledger over a peer-to-peer network for transaction. It provides an insight into inventive approach for information to save, debug, and inculcate transactions and functions and establishing confidence in an open environment in academia and industry by providing renowned and latest technical solutions to traditional problems which are based on this new technology; the security and privacy of blockchains are the center of attraction when deploying blockchain in different applications. The cryptographic aspect is able to provide reliable and secure decentralized solutions. Blockchain has an enormous assortment of applications ahead of cryptocurrencies. The technology is set to drastically renovate a number of industrial sectors like healthcare, financing, and banking. This chapter presents a comprehensive overview and glimpses of the blockchain in agriculture and food sector briefing its applications, case study, and challenges.