Leveraging Blockchain Technology in the Agricultural Value Chain Management

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Project Objective

To develop a block-chain technology solution aimed at improving transparency and traceability across the agricultural commodities value chain.

Sub Objectives:

  1. To build a system that can help eliminate concerns about unhealthy, illegal and unethical operations throughout the value chain.
  2. To promote sustainable agriculture by increasing efficiency in operations in value chain using Blockchain Technology.
  3. To improve the profitability of agribusiness by increasing the value of produce using Blockchain Technology.
Issues / Challenges Involved in the Project
  1. Lack of Transparency and End-to-End Traceability in the Agricultural Value Chain

Agricultural commodities pass through multiple intermediaries, making it difficult to track origin, quality, and movement of produce. This lack of visibility leads to food safety concerns, quality disputes, and reduced consumer trust.

  1.  Prevalence of Unethical and Illegal Practices Across the Value Chain

The absence of tamper-proof record keeping enables adulteration, false certifications, illegal transactions, and manipulation of agricultural data, adversely affecting farmers, consumers, and regulatory bodies.

  1. Inefficiencies in Value Chain Operations and Transaction Management

Traditional agricultural value chains rely on fragmented systems and manual processes, resulting in delayed settlements, poor coordination, and higher operational costs, which reduce overall profitability for farmers and agribusiness stakeholders.

  1. Limited Value Realization and Profitability for Farmers and Agribusinesses

Due to information asymmetry and lack of trusted data, farmers often fail to realize the true value of their produce, leading to unfair pricing and reduced incentives for adopting sustainable practices.

  1. Technology Adoption and Integration Challenges

Implementing blockchain solutions in agriculture requires integration with existing systems, user awareness, digital literacy, and infrastructure support, which can slow adoption across diverse stakeholders in the value chain.

 

Team Lead
  • Dr. Srikanth Pulipeti Assistant Professor, Dept. IT, MPSTME, SVKMs NMIMS Shirpur.

Srikanth.p@nmims.edu

Team Members
  1. Dr. Nitin Misal, Assistant Professor, SVKMs School of Agriculture, Tardi, Shirpur.
    2. Nitin.misal@nmims.edu
  2. Dr. Varun Shende, Assistant Professor, SVKMs School of Agriculture, Tardi, Shirpur.
    3. Varun.Shende@nmims.edu
  3. Dr. Rashmi Sharma, Professor, Dept. CE, MPSTME,SVKMs NMIMS Shirpur
    4. rashmi.sharma@nmims.edu
  4. Prof. Sachin Sonawane, Assistant Professor, Dept. CE, MPSTME, SVKMs NMIMS Shirpur.
    5. Sachin.sonawane@nmims.edu


Team Lead