Blockchain In Agriculture & Food Supply Chain Management Market Is Likely to Experience a Tremendous Growth by 2029

The global blockchain in agriculture & food supply chain management market is anticipated to grow at a considerable CAGR of 48.1% during the forecast period. Innovation combined with advanced technologies such as blockchain and artificial intelligence (AI) offers several solutions to agriculture. Blockchain technology will be a gamer changer as it can benefit accurate data about the farms, inventory, credit scores, and food tracking. Several tech innovations including AI and ML, are being increasingly launched by enterprises to help farmers enhance farm productivity. For instance, in August 2021, Samunnati launched an integrated Blockchain, AI, and ML platform centered on FPOs and farmer members. The platform will enable the redistribution of value chain gains to farmers. The blockchain is co-powered by the University of Hyderabad, Samunnati, Synchrony, and the Social Education Economical Development Society. Through blockchain technology, transparency for all involved stakeholders improves, and it also facilitates the collection of reliable data. From the beginning to the end of the product's life, blockchain can record every step in a product's value chain.

For instance, in May 2020, Agri10x announced a collaboration with the Indian government to help remote farmers sell their produce directly in the market using blockchain and artificial intelligence (AI) platforms. With this, the company will get to access the government's national common service centers (CSCs), which would enable farming communities to register on the Agri10x blockchain platform through the 'village-level entrepreneurs' (VLEs) program. The blockchain platform is said to provide farmers with a fair price, and transparency and assist them in collecting real-time data to manage their harvests effectively. 

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Market Coverage

The market number available for - 2022-2029
Base year- 2021
Forecast period- 2023-2029

Segment Covered- 

By Type
By Providers
By Stakeholders 
By Application 

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- including Ambrosus, Bext360, CargoChain, Chainvine Ltd., Coin22, eHarvestHub Inc., FCE Group AG, GrainChain, Inc., IBM Corp., Microsoft Corp., modum.io AG, and others.

Blockchain in Agriculture & Food Supply Chain Management Market Report Segment

By Type

Public 
Private
Hybrid

By Providers

Application Providers
Middleware Providers
Infrastructure Providers

By Stakeholders

Growers
Food Manufacturers/Processors
Retailers 

By Application

Product traceability, Tracking, and Visibility
Payment and Settlement
Smart Contract
Governance, Risk, and Compliance Management 

A full Report of Blockchain In Agriculture & Food Supply Chain Management Market is Available @  https://www.omrglobal.com/industry-reports/blockchain-in-agriculture-and-food-supply-chain-management-market

Blockchain in Agriculture & Food Supply Chain Management Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

ABACO Spa
Agri10X
AgriChain Pty Ltd. 
AgriDigital
Ambrosus 
Bext360 
CargoChain 
Chainvine Ltd. 
Coin22
eHarvestHub Inc.
FCE Group AG
GrainChain, Inc. 
IBM Corp. 
Microsoft Corp. 
io AG
OriginTrail 
Project Provenance Ltd. 
io
SAP SE
Skuchain
TE-FOOD International GmbH
VeChain Foundation

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