Research Article

A Conceptual Model for Blockchain-Based Agriculture Food Supply Chain System

Table 2

Challenges and opportunities while adopting block chain in agriculture.

Opportunities and potential benefitsChallenges and barriers

Food-borne disease risks are reduced when items are of higher qualityPlatforms for education and training are limited
User friendly for farmersMarket fluctuations and ambiguity
Fewer number of frauds due to transparent transactionsSmall businesses lack of competence
Financial transaction facilitation for every entity in the supply chainNew users may be unable to access marketplaces due to a lack of information infrastructure
Enhanced sustainability and reduction of wasteAs the technology ahead forms trigonal methods, SMEs have various issues and difficulties while adopting
A valuable platform for reducing emissionsUnderstanding issues among policymakers and technical support staff
Pricing is more equitable across the whole value chainRequirements of IoT/computing equipment
Purchase decisions are made by well-informed consumersDigital gap between developing and developed countries
Consumers are well informed about what they are purchasingCryptocurrencies market share is dwindling, and there is a lot of volatility (reputation issues)
Less reliance on intermediates and third partiesOpen technological questions and scalability problems for example transactions latency
Insurance policies and financial aids for rural area farmersLimited flexibility in design decisions [19]
Traceability and transparency in value chainsSome food quality factors, particularly environmental indicators, cannot be assessed using objective analytical methods