Agro Trade: A Blockchain Based Decentralized ...

Agro Trade: A Blockchain Based Decentralized Platform for Trading Agricultural Products

Author Name : Mayuri H. Molawade, Vaibhav Shinde, Atharva Barsode, Ishita Goel, Shweta Morale

ABSTRACT

Blockchain technology is emerging as a decentralized and secure infrastructure which can replace involvement of a third party to verify the transactions within the system. Each transaction and events related to a product is validated by peers of the Blockchain system.[1] Proposed solution provides a secure platform for valuation of agricultural products. Use of Blockchain in agriculture is one of the compelling use cases that makes the process of growing and supplying food simpler. The agriculture supply chain is able to provide all involved parties with a single source of trust. The involvement of multiple agents yields high costs to the system and makes the entire process time consuming. With the blockchain, the whole process can be simplified to a single distributed ledger. A public Blockchain concept was selected instead of a private Blockchain in this study to ensure transparency by allowing any person to access the network.

Keyword: Blockchain, Consensus, Smart Contract, Ethereum, Solidity