A Blockchain in the Agriculture Market is a digital transaction log that is maintained by a network of several independent computers rather than by a reliable third party. Specific software platforms are used to manage individual transaction data files, or blocks, and enable the data to be communicated, processed, stored, and displayed in a form that is legible by humans. Global adoption of blockchain technology in the agriculture sector has increased. Food safety, traceability, and supply chain management were among the key applications. Improved trust and less fraud were the results of increased transparency into the production and distribution systems, which benefited farmers, retailers, and customers. The agricultural ecosystem employed smart contracts, a blockchain feature, to automate and guarantee the implementation of agreements.
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Top Company Profiles Included in the Blockchain in Agriculture Market:
IBM(USA), Microsoft(USA), SAP (Germany), Oracle (USA), Accenture (Ireland), Bosch (Germany), PwC (United Kingdom), Deloitte (USA), EY (United Kingdom), Amazon Web Services (USA), Hyperledger Sawtooth (USA), FoodTrust (USA), Ripe. io (USA), Provenance (United Kingdom)
The report Blockchain in Agriculture Market report provides an in-depth analysis of the Blockchain in Agriculture Market including a detailed description of market growth and size, value, and the key opportunities in the market, as well as an outline of the factors that are and will be driving the industry's growth, taking previous growth patterns into account. The global Blockchain in Agriculture Market Report provides an in-depth analysis of the market state of Blockchain in Agriculture Market manufacturers, including the latest facts and data, SWOT analysis, and expert views from around the world. The cost structure, market size, Blockchain in Agriculture Market sales, Gross Margin and Market Share, Price, Revenue, Size, Forecast, and Growth Rate are all calculated in the report. The income earned from the sale of This Study and technologies by various application industries is considered in the report.
Segmentation Analysis of Blockchain in Agriculture Market :
The Blockchain in Agriculture Market can be segmented in various ways to understand better and cater to consumers' diverse needs and preferences. Here are some common segmentation criteria for the Blockchain in Agriculture Market:
By Type
- Public
- Private
By Provider
- Application & Solution Provider
- Middleware Provider
- Infrastructure & Protocol Provider
By Application
- Product Traceability, Tracking & Visibility
- Payment & Settlement
- Smart Contracts
- Risk & Compliance Management
- Governance
Share Data Market Segment by Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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Key Industry Developments in the Blockchain in Agriculture Market:
- In May 2023, Arable launched its groundbreaking platform, connecting farmers directly to consumers through blockchain-powered traceability. Consumers can scan QR codes on products to see the entire journey of their food, from farm to table, fostering trust and transparency.
- In June 2023, IBM Food Trust Expands Blockchain Network: IBM's Food Trust network, already used by major food giants like Walmart and Unilever, welcomed new members like Carrefour and METRO in 2023. This expansion strengthens the network's reach and impact in ensuring food safety and provenance.
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