Blockchain-Enabled Smart Contracts in Agriculture: Enhancing Trust and Efficiency

Title

Blockchain-Enabled Smart Contracts in Agriculture: Enhancing Trust and Efficiency

Creator

Jha S.; Alapatt B.; George J.

Description

This study explores the important role of blockchain technology in the transformation of agriculture and presents a new way to integrate chatbots and smart contracts to solve the problem of persistence. Leverage the decentralized structure and security of the blockchain to increase traceability, transparency and fairness in agricultural product prices. A user-friendly chatbot built in Python using Tkinter that acts as a bridge between farmers and the Ethereum-based blockchain pricing algorithm. Smart contracts used in Solidity dynamically adjust crop prices based on the weather in real time, making it possible for prices to react and adjust. Simulations and tests in Ganache validate the proposed method, confirming its economic value and effectiveness in many agricultural cultures. This study delves into analytics, including latency and production time, to demonstrate the benefits of the blockchain model in creating transparent, farmer-centric and region-specific crop prices. The importance of this research is to support continuous change in agricultural technology, paving the way for the introduction of appropriate and fair prices. According to the amendment, the integration of advanced machine learning, further integration and collaboration with agricultural stakeholders should be developed in the future. This work sets a good path for agriculture, promoting transparency, fairness and quick access to the best crop prices, thus ensuring security and agricultural technology. 2024 IEEE.

Source

Proceedings of InC4 2024 - 2024 IEEE International Conference on Contemporary Computing and Communications

Date

2024-01-01

Publisher

Institute of Electrical and Electronics Engineers Inc.

Subject

agriculture; blockchain; chatbot; Proof-of-Work; smart contracts

Coverage

Jha S., Christ (Deemed to be University), India; Alapatt B., Christ (Deemed to be University), India; George J., Christ (Deemed to be University), India

Rights

Restricted Access

Relation

ISBN: 979-835038365-2

Format

Online

Language

English

Type

Conference paper

Identifier

https://doi.org/10.1109/InC460750.2024.10649141

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