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Blockchain and Climate Smart Agriculture Technologies in Agri-Food Security System

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Artificial Intelligence and Data Science (ICAIDS 2021)

Abstract

The most common risks in the agri-food security system (AFSS) are the lack of financial resources and unpredictability of natural and climate change. In our opinion, there can be identified three most significant barriers to saturation of the economic system of the agrarian sector with financial resources: inadequate institutional environment, impact of agricultural risks and high transaction costs. The aim of the paper to examines the blockchain technology applications of in agri-food supply chains, innovative finance, agricultural insurance, climat smart farming for both theoretical and practical perspectives. Features of the production process in agriculture and its complexity require careful analysis, assessment and development of the methods aimed to neutralize the specific and general risks and threats of agri-food security system. Blockchain technology allows tracking information in the food supply chain and, thus, improves food safety. It provides a secure way to store and manage data that facilitates the development and use of data-driven innovations for smart agriculture and smart index-based agricultural insurance. In addition, it can reduce transaction costs, which will help farmers’ access markets and create new income streams.

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Correspondence to Sree Lakshmi Gundebommu .

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Vostriakova, V., Swarupa, M.L., Rubanenko, O., Gundebommu, S.L. (2022). Blockchain and Climate Smart Agriculture Technologies in Agri-Food Security System. In: Kumar, A., Fister Jr., I., Gupta, P.K., Debayle, J., Zhang, Z.J., Usman, M. (eds) Artificial Intelligence and Data Science. ICAIDS 2021. Communications in Computer and Information Science, vol 1673. Springer, Cham. https://doi.org/10.1007/978-3-031-21385-4_40

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  • DOI: https://doi.org/10.1007/978-3-031-21385-4_40

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  • Online ISBN: 978-3-031-21385-4

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