Before intriguing on how blockchain technology can revolutionize the agricultural industry, let us analyze the need for integrating blockchain in the agricultural sector.

Indian Horticulture sector — Facts

Indian Agri. Industry adds to 13.7% to Gross domestic product.

India represents 7.68 percent of all-out worldwide agrarian yield.

Gives nourishment the to 1.25 Billion individuals, which is assessed to achieve 1.35 Billion out of 2018.

Supports 60% of the populace.

Seventh biggest agrarian nourishment exporter around the world.

At present over 52% of India's populace is associated with agribusiness, yet it contributes only 13.7% to gross domestic product. In the previous two decades 3 lakh individuals committed suicide and consistently almost 2000 individuals are leaving the agribusiness.

The farmers who were once viewed as the very central core of the economy are presently battling everywhere throughout the world to move their produce at a tolerable expense. They work day and night to develop great harvests, however frequently they lay down with the void stomach. They have a bunch of pay and a bagful of obligations.

The horticulture business is described by budgetary precariousness in light of various sorts of dangers associated with market, generation, and costs. Following are the principal reasons:





1. Unfavorable climatic conditions





2. Sporadic climate





3. Insufficient and ineffectively dispersed rainfall





4. The absence of accessibility to irrigation water





5. Crop failures





6. Diminishing size of landholding





7. Division of lan d pro perty





Despite the fact that we have 140 million hectares of horticulture land, more than 80% is minimal and little possessions and around 60% of grounds are inclined to catastrophic events like — drought, flood, and so on.





1. Less region implies less pay.

2. Inadmissible acknowledgment of costs.

3. Failure of most agriculturists to move their products in the customary market at good cost.

4. Go between appreciates benefit, and agriculturists get less cost.

5. The absence of straightforwardness in the production network.

6. Insufficient storeroom.





While the elevated amounts of family unit obligations have been considered as a critical reason for agriculturists' misery, the utilization of certain unequivocal obligation alleviation to enhance crop profitab ility, liv ing conditions, and to decrease suicides is dubious. About 52% of India's 90 million agri . family units are obliged.

The obligation alleviation programs neglect to give appropriate help to little agriculturists the individuals who rely upon cash moneylenders and the ranchers who are landless and don't approach bank credits.

What is required?



Better credit offices.