Blockchain will be key to developing future agricultural infrastructure and will change agricultural landscape. It offers the potential to improve financial management, origin, traceability, and transparency in food chains, as well as enable the creation of new markets and products, for agriculture in poor countries. The blockchain allows to control and accelerate the daily operations of the industry such as production, transportation, food processing, storage, and sale. It will greatly simplify cooperation between farmers, carriers, and customers by creating transparent and secure data exchange networks.

Blockchain, Internet of Things (IoT), and Artificial Intelligence (AI) combined together revolutionize business practices and operations. One system works hand-in-hand with other to create seamless secure operation that can be fully automated. Blockchain technology makes operations more secure and transparent, AI adds always evolving analytical tools, and IoT makes tools and machinery connected, flexible, and efficient.

Blockchain-based technologies are introducing an important trust layer to the agriculture industry, ensuring that supply chain partners’ claims and data cannot be tampered with; from cultivation and harvesting data to transportation and storage. However, data persistence is only one of the ingredients required to address challenges that are faced by agricultural communities around the world. To achieve end-to-end transparency, integrity needs to be joined by interoperability and interconnectivity. The digital transformation in agriculture introduces new challenges in terms of data, knowledge and technology adoption due to critical interoperability issues. While Blockchain, IoT, AI technologies are already available their capabilities in terms of gathering, understanding, and using large volumes of data are yet to be realized. Smart agriculture will be systems that solve those iterability and interconnectivity by creating automated decision-making operational platforms to power development of global agricultural economy.