Blockchain in Agriculture Market: Cultivating Transparency and Efficiency in the Food Supply Chain
Blockchain in Agriculture Market: Cultivating Transparency and ... Digital Journal
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Blockchain in Agriculture Market Expected to Reach USD Billion by 2030
Published July 28, 2023
The Blockchain in Agriculture Market is projected to expand from USD Billion in 2021 to USD Billion by 2030, with a CAGR of 47% from 2023 to 2030. This report analyzes the driving forces, opportunities, and restraints associated with the global blockchain in agricultural market, focusing on the Sustainable Development Goals (SDGs).
Market Analysis
The analysis covers the short-, medium-, and long-term consequences of market dynamics, including factors that encourage and impede market expansion. The study includes a qualitative market analysis that takes into account Porter’s analysis, the market’s PEST (Political, Economic, Social, and Technological) analysis, funding and investment analysis, and a comprehensive analysis of the industrial value chain. The report profiles all key players in the industry and provides insights into their growth tactics.
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Major Classifications
By Type:
- Public
- Private
- Hybrid/Consortium
By Organization Size:
- Large Enterprises
- SMEs
By Provider:
- Application and Solution Provider
- Middleware Provider
- Infrastructure
- Protocol Provider
By Stakeholder:
- Growers
- Food Manufacturers/Processors
- Retailers
By Application:
- Product Traceability
- Tracking and Visibility
- Payment and Settlement
- Smart Contracts
- Governance
- Risk and Compliance Management
By Region:
- North America
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- Rest of APAC
- Rest of the World (RoW)
- Middle East
- Africa
- South America
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Key Players
Major players in the Blockchain in Agriculture Market include IBM Corporation, Microsoft, Arc-net, Ambrosus, SAP SE, OriginTrail, PROVENANCE, AgriDigital, ripe.io., VeChain Foundation, Chainvine, AgriChain Pty Ltd, Skuchain, Bext360, FCE GROUP AG, COIN22, TE-FOOD International GmbH, modum.io AG, Viveat, EHARVESTHUB INC., GrainChain, CargoChain Limited, Farm2Kitchen, Arduino, Agri10x among others.
Key Growth Drivers in Blockchain in Agriculture Market
- Enhanced Supply Chain Transparency: Blockchain technology enables secure, immutable, and transparent record-keeping, fostering consumer trust and driving the adoption of blockchain in agriculture.
- Food Safety and Quality Assurance: Blockchain enhances food safety and quality assurance by tracking and recording every step of the agricultural process.
- Streamlined Payment and Financial Transactions: Blockchain facilitates seamless and secure financial transactions, resulting in faster and more cost-effective payment settlements.
- Improved Land and Crop Management: Blockchain technology can be used to record and analyze data related to land ownership, soil quality, weather conditions, and crop performance.
- Access to Finance and Supply Chain Optimization: Blockchain provides a verifiable record of a farmer’s financial history and agricultural output, and smart contracts automate various supply chain processes.
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What Do You Get in a MarketDigits Study?
- Factors affecting the overall development of the global Blockchain in Agriculture Market
- Factors that might restrain the growth of the global market in the coming years
- Competitive scenario of the global Blockchain in Agriculture Market and potential business prospects of leading market players
- Pricing strategies of several different market players in the global Blockchain in Agriculture Market
Blockchain in Agriculture Market Frequently Asked Questions (FAQs):
- What kind of problems can blockchain solve for agri food?
- What are the challenges of blockchain technology in agriculture?
- What is the future scope of blockchain technology in agriculture?
- How can blockchain revolutionize the agriculture industry?
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SDGs, Targets, and Indicators in the Article
1. Which SDGs are addressed or connected to the issues highlighted in the article?
The issues highlighted in the article are connected to the following Sustainable Development Goals (SDGs):
- SDG 2: Zero Hunger
- SDG 3: Good Health and Well-being
- SDG 8: Decent Work and Economic Growth
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 12: Responsible Consumption and Production
- SDG 17: Partnerships for the Goals
2. What specific targets under those SDGs can be identified based on the article’s content?
The specific targets under the identified SDGs are:
- SDG 2.3: By 2030, double the agricultural productivity and incomes of small-scale food producers, in particular women, indigenous peoples, family farmers, pastoralists, and fishers, including through secure and equal access to land, other productive resources and inputs, knowledge, financial services, markets, and opportunities for value addition and non-farm employment.
- SDG 3.3: By 2030, end the epidemics of AIDS, tuberculosis, malaria, and neglected tropical diseases and combat hepatitis, water-borne diseases, and other communicable diseases.
- SDG 8.5: By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value.
- SDG 9.3: Increase the access of small-scale industrial and other enterprises, in particular in developing countries, to financial services, including affordable credit, and their integration into value chains and markets.
- SDG 12.3: By 2030, halve per capita global food waste at the retail and consumer levels and reduce food losses along production and supply chains, including post-harvest losses.
- SDG 17.6: Enhance North-South, South-South, and triangular regional and international cooperation on and access to science, technology, and innovation and enhance knowledge sharing on mutually agreed terms, including through improved coordination among existing mechanisms, particularly at the United Nations level, and through a global technology facilitation mechanism.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
The article does not explicitly mention any indicators to measure progress towards the identified targets. However, some possible indicators that can be inferred from the article’s content include:
- Percentage increase in agricultural productivity and incomes of small-scale food producers
- Reduction in the prevalence of AIDS, tuberculosis, malaria, and other communicable diseases in the agriculture sector
- Percentage increase in employment and decent work opportunities in the agriculture industry
- Percentage increase in access to financial services for small-scale enterprises in the agriculture sector
- Reduction in per capita global food waste at the retail and consumer levels
- Level of international cooperation and knowledge sharing on science, technology, and innovation in agriculture
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 2: Zero Hunger | 2.3: By 2030, double the agricultural productivity and incomes of small-scale food producers | Percentage increase in agricultural productivity and incomes of small-scale food producers |
| SDG 3: Good Health and Well-being | 3.3: By 2030, end the epidemics of AIDS, tuberculosis, malaria, and neglected tropical diseases and combat hepatitis, water-borne diseases, and other communicable diseases | Reduction in the prevalence of AIDS, tuberculosis, malaria, and other communicable diseases in the agriculture sector |
| SDG 8: Decent Work and Economic Growth | 8.5: By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value | Percentage increase in employment and decent work opportunities in the agriculture industry |
| SDG 9: Industry, Innovation, and Infrastructure | 9.3: Increase the access of small-scale industrial and other enterprises, in particular in developing countries, to financial services, including affordable credit, and their integration into value chains and markets | Percentage increase in access to financial services for small-scale enterprises in the agriculture sector |
| SDG 12: Responsible Consumption and Production | 12.3: By 2030, halve per capita global food waste at the retail and consumer levels and reduce food losses along production and supply chains, including post-harvest losses | Reduction in per capita global food waste at the retail and consumer levels |
| SDG 17: Partnerships for the Goals | 17.6: Enhance North-South, South-South, and triangular regional and international cooperation on and access to science, technology, and innovation and enhance knowledge sharing on mutually agreed terms, including through improved coordination among existing mechanisms, particularly at the United Nations level, and through a global technology facilitation mechanism | Level of international cooperation and knowledge sharing on science, technology, and innovation in agriculture |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: digitaljournal.com
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