Blockchain technology is revolutionizing the agriculture and food sectors by boosting the decision-making competence of organizations, according to a study by Research and Markets.
The study, called Blockchain in Agriculture Market (and Food Supply Chain), Application (Product Traceability, Payment and Settlement, Smart Contracts, and Governance, Risk and Compliance Management), Provider, Organization Size, and Region - Global Forecast to 2023, said that distributed ledger technology (DLT) has potential applications in the food and agriculture sectors, especially in the areas of tracking and traceability, settlement and payment, governance, smart contract, risk, and compliance management.
“The global blockchain in agriculture and food supply chain market is estimated to be valued at $60.8 million in 2018 and is projected to reach ...
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