Blockchain-Based Platform for Agricultural Supply Chain
Authors- Ms. Jeya Dharshini, Assistant Professor S, Mr.Yuvaraj. V
Abstract-The traditional agricultural marketing system, characterized by multiple intermediaries, often reduces farmers’ profits and inflates consumer prices. These intermediaries, including wholesalers, commission agents, and retailers, not only add costs but also diminish transparency, limiting farmers’ access to real-time market information and fair pricing.. This direct interaction allows farmers to negotiate better prices, schedule transactions efficiently, and monitor market trends in real time. Additionally, the platform can facilitate digital transactions, reducing reliance on cash and making the process more transparent and secure. Farmers benefit from increased profit margins due to the elimination of intermediaries, while consumers enjoy lower prices, as the supply chain is streamlined. The system promotes fairness, ensuring that farmers have better control over their produce, from setting prices to deciding where and when to sell. Moreover, market personnel can access a wider pool of suppliers, increasing competition and ensuring the availability of fresh produce at competitive prices. This innovative solution not only improves the livelihoods of farmers but also enhances market efficiency, making agricultural products more accessible to consumers at fair prices.
International Journal of Science, Engineering and Technology