SHS Web Conf.
Volume 71, 2019Eurasia: Sustainable Development, Security, Cooperation – 2019
|Number of page(s)||4|
|Section||Modernization of the Economy of Regions and Cities|
|Published online||25 November 2019|
Blockchain Technology as Efficiency Improvement Tool for the Agricultural Sector
Kuban State Agrarian University (named after I. T. Trubilin), Krasnodar, Russia
* Corresponding author: firstname.lastname@example.org.
Blockchain technology is primarily associated with cryptocurrency, but the potential of this technology is enormous and can be a base not only in finance, but also in other sectors of the economy. This article discusses application prospects of blockchain technologies in agricultural production. Particular attention is paid to the possibility of the formation of new, more efficient business models at the farm level. Given seven possible areas of using blockchain technology in agricultural production, affecting both small farmers and international relations in the field of food security of the member countries of the Eurasian Economic Community. Also in this article the first successful examples of implementation experiences blockchain technology in agriculture are described.
© The Authors, published by EDP Sciences, 2019
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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