Blockchain in agriculture promises a single source of truth about the state of the farm, inventory, and contracts. Many farmers today utilize a combination of software, apps, spreadsheets, pen and paper, and memory to record their data. That effort is then multiplied when farm service providers require information and data in order to deliver on the service they were hired to perform. By providing a single source of data for a farm, blockchain minimizes the strain of record-keeping and maintaining multiple record systems. Blockchain can ultimately save time and energy in the agriculture value chain.
The Blockchain in Agriculture market is expected to grow worth of USD +429 Million and at a CAGR of +47% over the forecast period 2018-2025.
Blockchain technology is a digital and decentralized record keeping system that can handle data and contracts. In the agriculture sector, farmers can use blockchain technology to track the logistics of crops, there by establishing a direct link with customers. The Blockchain in Agriculture Market is driven by factors such as an increase in demand for supply chain transparency, the rise in cases of food fraud in the emerging economies of the Asia Pacific, and growth in concerns toward food wastage.
Top Key Vendors in Market:
IBM (US), Microsoft (US), SAP-SE (Germany), Ambrosus (Switzerland), Arc-net (Ireland), OriginTrail (Slovenia), Ripe.io (US), VeChain (China), Provenance (UK), ChainVine (UK), AgriDigital (Australia), and BlockGrain (Australia).
For Sample Report:
The blockchain market is expected to grow, owing to the increase in the demand for supply chain transparency along the agriculture and food verticals. This has driven off the market for blockchain in agriculture and food supply chain. Another major driver of the blockchain market is the growing number of food fraud cases.
Market analysis by product type
Market analysis by market
Product Traceability, Tracking and Visibility
Payment And Settlement
Governance, Risk And Compliance Management
The Asia Pacific region is the fastest growing region in the blockchain in agriculture and food supply chain market. Asia Pacific is one of the leading producers of agricultural produce and food. This means that the probability of food contamination and fraud cases in the supply chain is higher in this region. Most of the countries in Asia Pacific export their food products to other countries. For instance, most of the Asian countries export fruits & vegetables to the European countries, as the highest requirements for food traceability are witnessed in this region.
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Table of Content:
Global Blockchain in Agriculture Market Research Report 2018-2025
Chapter 1: Industry Overview
Chapter 2: Blockchain in Agriculture Market International and China Market Analysis
Chapter 3: Environment Analysis of Blockchain in Agriculture.
Chapter 4: Analysis of Revenue by Classifications
Chapter 5: Analysis of Revenue by Regions and Applications
Chapter 6: Analysis of Blockchain in Agriculture Market Revenue Market Status.
Chapter 7: Analysis of Blockchain in Agriculture Industry Key Manufacturers
Chapter 8: Sales Price and Gross Margin Analysis
Chapter 9: Marketing Trader or Distributor Analysis of Blockchain in Agriculture.
Chapter 10: Development Trend of Blockchain in Agriculture Market 2018-2025.
Chapter 11: Industry Chain Suppliers of Blockchain in Agriculture with Contact Information.
Chapter 12: New Project Investment Feasibility Analysis of Market.
Chapter 13: Conclusion of the Blockchain in Agriculture Market Industry 2025 Market Research Report.
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