SYS-CON MEDIA Authors: Pat Romanski, Gary Arora, Zakia Bouachraoui, Yeshim Deniz, Liz McMillan

News Feed Item

Blockchain in Agriculture & Food Market, 2028 - Lack of Transparency in Agricultural Supply Chain / Increasing Need for Food Safety and Traceability / Need for Efficient Financial Transactions

DUBLIN, Nov. 8, 2018 /PRNewswire/ --

The "Global Blockchain in Agriculture and Food Market: Focus on Stakeholders, Regulations, Application (Supply Chain Tracking, Finance Management, Data Management, and Land and Property Ownership) and Regional Adoption - Analysis & Forecast 2018-2028" report has been added to ResearchAndMarkets.com's offering.

Research and Markets Logo

Global Blockchain in Agriculture & Food Market Anticipated to Reach $1.4 billion by 2028

In 2018, the agriculture and food industry still serves for the livelihood of a majority of the global populations. Even though the global agriculture industry has been witnessing various transformations in terms of shrinking farmlands and depletion of finite natural resources, the global food demand has grown irrespectively. This extensive growth has led the large food companies to establish numerous food production factories across the world. This race amongst food companies to serve the customers with agricultural supplies and food quickly and at cheaper costs has led them to make adjustments in their supply chain by turning the chain into a complex network of suppliers ranging across geographic regions.

However, while on one hand, the agriculture and food supply chains have extended their reach globally, they on the other hand have also entangled the chain. Consequently, it has led to a feeling of distrust and disconnect in consumers due to the lack of awareness regarding the origin of the food and the processes it might have undergone. Moreover, the food industry has been continuously witnessing outbreaks of the food borne illness and recalls which have led to epidemics and deaths.

To counter the concerns such as food wastage, lack of provenance data, delayed payments, and unavailability of crop insurance consumers and other supply chain stakeholders are increasingly demanding for improved transparency in the agriculture and food supply chain. Blockchain technology is pitched to be the leading contender in the agriculture and food system to streamline the handling of all these concerns.

Increased activity in the global blockchain in agriculture and food market has also prompted the government bodies to restructure their legislative frameworks and regulations to adapt blockchain in its economy. Real-time potential to solve the issues that have plagued the agriculture industry is mainly driving the blockchain technology into the agriculture market. Moreover, the improvement in efficiency of supply chain with regard to cost and time is also a contributing factor for the same.

The high market growth in the global blockchain in agriculture and food market is expected to be driven by the need for transparency and traceability in the agriculture and food supply chain. A blockchain powered supply chain will ensure accountability of food companies to provide healthy and high-quality ingredients as quoted on the product casing. Blockchain's deployment will also lead to reduction of food wastage within the supply chain and create capital growth opportunities for all the stakeholders such as farmers, processors, distributors, retailers, and traders involved in the agricultural supply chain. Specifically, the agriculture market will benefit from blockchain's capability to ensure lower costs for transaction and processing, across the supply chain and generating value for all stakeholders.

Currently, the blockchain in agriculture and food market, is generating revenue based on the pilot projects run by individual agricultural startups or consortiums of large food companies, retail companies, trading companies, and blockchain technology product providing companies.

AgriDigital, AgUnity, OwlTing, Provenance, SkuChain, Ripe.io, Olivacoin, Foodcoin Ecosystem, Alo Agri, FARM, Origintrail, Coin22, and Bext360 are some of the prominent agricultural blockchain startups in the agriculture and food market. The market is highly fragmented with the presence of a huge number of small to medium sized companies that compete with each other and the large enterprises.

Moreover, extensive R&D activities and appropriate regulatory environments are also a prerequisite for the sustained growth of this market. Various government and private research institutes, and favorable trade policies are putting in substantial efforts to identify the benefits of these agricultural blockchain solutions for augmenting transparency in the agriculture and food supply chain. The need for blockchain technology for supply chain tracking and finance management is necessary to bridge the demand and supply gap along with attaining sustainability in the ecosystem.

Key Topics Covered:

Executive Summary

1 Blockchain Technology - Overview
1.1 Introduction
1.2 Types of Consensus Protocols
1.2.1 Proof of Work (PoW)
1.2.2 Proof of Stake (PoS)
1.3 Blockchain Structure
1.3.1 Foundational Elements of Blockchain
1.3.2 Types of Blockchain
1.3.2.1 Public Blockchain
1.3.2.2 Private Blockchain
1.3.2.3 Hybrid Blockchain
1.4 Overview - Blockchain in Agriculture and Food Industry

2 Market Dynamics
2.1 Market Drivers
2.1.1 Lack of Transparency in Agricultural Supply Chain
2.1.2 Increasing Need for Food Safety and Traceability
2.1.3 Need for Efficient Financial Transactions
2.2 Market Restraints
2.2.1 Uncertain Legal Framework
2.2.2 Lack of Awareness and Technical Know-How
2.3 Market Opportunities

3 Competitive Landscape
3.1 Key Strategies and Developments
3.1.1 Partnership and Collaboration
3.1.2 Product Launch
3.1.3 Funding & Contract
3.1.4 Others

4 Industry Analysis
4.1 Overview
4.2 Consortiums and Associations
4.2.1 Ethereum Enterprise Alliance
4.2.2 Food Safety Alliance for China
4.2.3 Food Trust
4.2.4 Food Trust Framework
4.2.5 Hyperledger Project
4.2.6 The Consortium for Sequencing the Food Supply Chain (SFSC)
4.2.7 Trusted IoT Alliance
4.3 Regulatory Landscape in the Blockchain Ecosystem
4.3.1 North America
4.3.2 South America
4.3.3 Europe
4.3.4 Asia-Pacific
4.3.5 Rest-of-the-World
4.4 Stakeholder Analysis for Blockchain in Agriculture and Food
4.4.1 Farmers
4.4.2 Processors
4.4.3 Distributors
4.4.4 Retailers
4.4.5 Traders
4.5 Use Cases of Blockchain in Agriculture and Food
4.5.1 Digital Identification
4.5.2 Tokenization
4.5.3 Smart Contracting
4.5.4 Records

5 Global Blockchain in Agriculture and Food Market
5.1 Assumptions for Analysis and Forecast of the Global Blockchain in Agriculture and Food Market
5.2 Limitations for Analysis and Forecast of the Global Blockchain in Agriculture and Food Market
5.3 Historical Development Timeline
5.4 Market Introduction
5.5 Year-on-Year (Y-o-Y) Growth Analysis

6 Global Blockchain in Agriculture and Food Market (by Application)
6.1 Supply Chain Tracking
6.1.1 Provenance
6.1.2 Procurement Traceability and Tracking
6.2 Finance Management
6.2.1 Payments
6.2.2 Lending and Borrowing
6.2.3 Crop Insurance
6.3 Data Management
6.3.1 Record Keeping
6.3.2 Data Sharing
6.3.3 Real-Time Data Monitoring
6.4 Land and Property Ownership
6.5 Others

7 Global Blockchain in Agriculture and Food Market (by Region)
7.1 North America
7.2 Europe
7.3 Asia-Pacific
7.4 Rest-of-the-World

8 Future Outlook

9 Company Profiles

  • AGCO Corporation
  • AgriChain Pty Ltd. (BlockGrain')
  • Alibaba Group
  • Ambrosus
  • arc-net
  • Archer Daniels Midland Company
  • Bext 360
  • Bunge Limited
  • CNH Industrial N.V.
  • Cargill Inc.
  • Coin 22
  • Danone
  • Deere & Company
  • Filament
  • Foodcoin Ecosystem
  • Full Profile Pty Ltd (AgriDigital')
  • IBM Corporation
  • Louis Dreyfus Company B.V.
  • McLane Company
  • Nestle S.A.
  • Obook Holdings Inc. (OwlTing')
  • Origin Trail
  • Pavocoin AG
  • Project Provenance Ltd
  • Ripe Technology, Inc.
  • Sysco Corporation
  • TE-Food International GmbH
  • The Kroger Co.
  • Tyson Foods Inc.
  • Walmart

For more information about this report visit https://www.researchandmarkets.com/research/g3j46l/blockchain_in?w=5

Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.

Media Contact:

Laura Wood, Senior Manager
[email protected]  

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Cision View original content:http://www.prnewswire.com/news-releases/blockchain-in-agriculture--food-market-2028---lack-of-transparency-in-agricultural-supply-chain--increasing-need-for-food-safety-and-traceability--need-for-efficient-financial-transactions-300746783.html

SOURCE Research and Markets

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
While a hybrid cloud can ease that transition, designing and deploy that hybrid cloud still offers challenges for organizations concerned about lack of available cloud skillsets within their organization. Managed service providers offer a unique opportunity to fill those gaps and get organizations of all sizes on a hybrid cloud that meets their comfort level, while delivering enhanced benefits for cost, efficiency, agility, mobility, and elasticity.
Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software with the simplicity and reach of the open web. With staff in 10 timezones, Isomorphic provides a global network of services related to our technology, with offerings ranging from turnkey application development to SLA-backed enterprise support. Leadin...
DevOps has long focused on reinventing the SDLC (e.g. with CI/CD, ARA, pipeline automation etc.), while reinvention of IT Ops has lagged. However, new approaches like Site Reliability Engineering, Observability, Containerization, Operations Analytics, and ML/AI are driving a resurgence of IT Ops. In this session our expert panel will focus on how these new ideas are [putting the Ops back in DevOps orbringing modern IT Ops to DevOps].
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understa...
Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.
Most organizations are awash today in data and IT systems, yet they're still struggling mightily to use these invaluable assets to meet the rising demand for new digital solutions and customer experiences that drive innovation and growth. What's lacking are potent and effective ways to rapidly combine together on-premises IT and the numerous commercial clouds that the average organization has in place today into effective new business solutions.
Concerns about security, downtime and latency, budgets, and general unfamiliarity with cloud technologies continue to create hesitation for many organizations that truly need to be developing a cloud strategy. Hybrid cloud solutions are helping to elevate those concerns by enabling the combination or orchestration of two or more platforms, including on-premise infrastructure, private clouds and/or third-party, public cloud services. This gives organizations more comfort to begin their digital tr...
Keeping an application running at scale can be a daunting task. When do you need to add more capacity? Larger databases? Additional servers? These questions get harder as the complexity of your application grows. Microservice based architectures and cloud-based dynamic infrastructures are technologies that help you keep your application running with high availability, even during times of extreme scaling. But real cloud success, at scale, requires much more than a basic lift-and-shift migrati...
David Friend is the co-founder and CEO of Wasabi, the hot cloud storage company that delivers fast, low-cost, and reliable cloud storage. Prior to Wasabi, David co-founded Carbonite, one of the world's leading cloud backup companies. A successful tech entrepreneur for more than 30 years, David got his start at ARP Instruments, a manufacturer of synthesizers for rock bands, where he worked with leading musicians of the day like Stevie Wonder, Pete Townsend of The Who, and Led Zeppelin. David has ...
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understa...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Addteq is a leader in providing business solutions to Enterprise clients. Addteq has been in the business for more than 10 years. Through the use of DevOps automation, Addteq strives on creating innovative solutions to solve business processes. Clients depend on Addteq to modernize the software delivery process by providing Atlassian solutions, create custom add-ons, conduct training, offer hosting, perform DevOps services, and provide overall support services.
Contino is a global technical consultancy that helps highly-regulated enterprises transform faster, modernizing their way of working through DevOps and cloud computing. They focus on building capability and assisting our clients to in-source strategic technology capability so they get to market quickly and build their own innovation engine.
When applications are hosted on servers, they produce immense quantities of logging data. Quality engineers should verify that apps are producing log data that is existent, correct, consumable, and complete. Otherwise, apps in production are not easily monitored, have issues that are difficult to detect, and cannot be corrected quickly. Tom Chavez presents the four steps that quality engineers should include in every test plan for apps that produce log output or other machine data. Learn the ste...
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...