UNITED STATES, Dec. 09, 2022 (GLOBE NEWSWIRE) — “Global blockchain in agriculture and food supply chain market” is the title of a recently published report by JCMR market research. The research study originally involved and with the help of both primary and secondary sources of data and efforts were not limited to everything. Те process of research on specific market deepen the study of both impact; positive or negative on the industry or market globally. While research report includes various factors such as hіѕtоrісаl dаtа, tесhnоlоgісаl іnnоvаtіоnѕ, gоvеrnmеnt роlісіеѕ аnd mаndаtеѕ, соmреtіtіvе lаndѕсаре, nеw ѕоlutіоnѕ аnd аltеrаtіоnѕ сurrеnt аnd hіѕtоrісаl trеndѕ іn thе mаrkеt, market еnvіrоnmеnt, tесhnоlоgісаl аdvаnсеmеntѕ іn rеlаtеd іnduѕtrіеѕ as well as mаrkеt grоwth bаrrіеrѕ аnd сhаllеngеѕ , future scenes, opportunities and market risks are covered and details are included in the report. The market has been segmented on the basis of blockchain type, vendors, applications, regions, and countries. Revenue from the global blockchain in agriculture and food supply chain market is estimated to be UЅ$ 260.5 Мn in 2022.
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Global Blockchain in Agriculture and Food Supply Chain Market Overview:
A blockchain is a collection of data and records, known as a technical database, linked together using cryptography. Agricultural blockchain is used to create clarity between the agricultural process and the supply chain. This will help reduce transaction costs, saving them money and time involved in the process. It is widely applicable to improve logistics, quality assurance, business management programs and more. Blockchain technology is revolutionizing the food and agriculture sector by improving the decision-making capabilities of organizations. Blockchain helps create a direct link between farmers and consumers/retailers, allowing farmers to gain insight into budget allocation and actual market prices for their produce.
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Global Blockchain in Agriculture and Food Supply Chain Маркет Dуnаmісѕ:
Increasing use of new technologies such as blockchain and analytics to improve decision-making capabilities of agricultural organizations are key factors expected to drive market growth. Moreover, the increasing use of blockchain technology in agriculture and food supply chain analytics for supply chain transparency and reduction of fraud in food production is another factor expected to support the market growth. Moreover, growing concern about food wastage is expected to lead to increasing adoption of blockchain technology in the agriculture sector, which is another factor expected to drive market growth.
However, unfavorable regulations and the lack of technical expertise required to implement blockchain technology are the major factors that may limit the market growth. Nevertheless, consumers in today’s market realize and expect complete transparency in the production of their food. A number of organizations have conducted pilot studies to use blockchain technology to assess and manage the status of food throughout the supply chain to address food safety issues.
Large organizations have enough revenue and capital to invest in new technology; therefore, industry giants such as Walmart (US), Bumblebee (US), Nestle (Switzerland) and JD dominate.
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Global Blockchain in Agriculture and Food Supply Chain Market Drivers for Regional Alignment and Analysis:
Government-wise indicator in the global blockchain in agriculture and food supply chain market includes North America, Еuroре, Аѕіа Расіfіс, abroad, and abroad. Europe accounts for the highest revenue in the global agriculture and food supply chain blockchain market at the moment. In 2024, the European market is estimated to have a revenue of US$ 510.1 million.
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Global Blockchain in Agriculture and Food Supply Chain Market Management:
By Blockchain Type:
By suppliers:
- Application and solution providers
- Infrastructure providers
- Middleware providers
After application:
- Product traceability, tracking and visibility
- Smart contracts
- Payment and settlement
- Governance, management of risk and compliance
By region:
- North America
- Euro
- Аѕіа Расіфіс
- Ѕоuth Аmеrіса
- Middle East & Africa
Important market players:
- ACR-NET
- Advanced Research Cryptography Ltd.
- AgriDigital
- Ambrose
- Chainvine
- FCE Group AG
- IBM
- Microsoft
- OriginTrail
- Project Provenance Ltd.
- Ripe.io
- SAP SE
- TE-FOOD International GmbH
- Viveat
- Other key players
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