FarmersChain: A Decentralized Farmer Centric Supply Chain Management System Using Blockchain and IoT

Abstract

Globalization has made supply chain business management more complicated over time. The existence of intermediary parties in the supply chain causes major issues like product genuineness, as well as transparency in product quality and quantity information management, etc. Traditional supply chain models depend on intermediaries and also are cloud-based systems. It is very much difficult to track the data state changes across the supply chain’s larger network. Latest technologies such as blockchain and the Internet of Things (IoT) play a critical role in bringing transparency to supply chain management. In this paper, we have proposed FarmersChain, a novel decentralized data-centric smart supply chain management system based on blockchain and IoT technologies. In our proposed system FarmerChain, smart contracts are used to automate digital agreements. It was examined and analyzed on a local testbed to demonstrate its potential. Based on the system analysis and testing, we discovered that the proposed supply chain management is feasible in a real-time environment without the interference of a third party and middleman. It also ensures the product’s quality and quantity information status is accurate, accessible, and transparent.