The Challenges of Blockchain Technology Adoption in the Agro-based Industries

Abstract

Blockchain is one of the latest innovations in information technology, bringing a digital revolution to many industries by increasing transparency. But this technology needs to be explored a lot as of now. Agriculture supply chain management distributes agro-based products like vegetables, fruits, pulses, and cereals. This research is conducted to identify the agro-based industries' adoption of blockchain in their supply chain for achieving sustainability. The next step towards sustainable agriculture is primarily seen as blockchain-enabled agriculture. By making supply chains transparent, technology can follow products from the point of manufacture and prevent waste and inefficiency. A structured literature review helped determine the barriers to blockchain adoption in agro-based industries. This research is unique as no survey-based research on blockchain in the agriculture supply chain using structural equation modeling has been found. The seven proposed hypotheses support the blockchain challenges for adoption in agro-based industries. The findings of this study suggest that the blockchain can bring transparency and traceability and will remove the agro-industry inefficiencies.

The adoption of I4.0 technologies for a sustainable and circular supply chain: an industry‐based SEM analysis from the textile sector

“…Moreover, these technologies accelerate the development of interconnected systems that assist organizations in restructuring the overall SCs. This digitalization generates advantages through adaptable manufacturing and real data management resulting in increased accuracy, time, and cost savings (Nagariya et al, 2022). From the TOE perspective, technological readiness is defined as the technical infrastructure and knowledge required for implementing digital technologies that might influence the I4.0 adoption in the SC (Chatterjee et al, 2021).…”