IJMEMES logo

International Journal of Mathematical, Engineering and Management Sciences

ISSN: 2455-7749 . Open Access


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

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

Ramji Nagariya
School of Business and Management, CHRIST (Deemed to be University), Delhi-NCR, Ghaziabad, Uttar Pradesh, India.

Subhodeep Mukherjee
Department of Operations, GITAM Institute of Management, GITAM (Deemed to be University), Visakhapatnam, Andhra Pradesh, India.

Manish Mohan Baral
Department of Operations, GITAM Institute of Management, GITAM (Deemed to be University), Visakhapatnam, Andhra Pradesh, India.

Bharat Singh Patel
Thiagrajar School of Management, Madurai, Tamilnadu, India.

Chittipaka Venkataiah
Department of Operations Management, Indira Gandhi National Open University, Delhi, India.

DOI https://doi.org/10.33889/IJMEMS.2022.7.6.059

Received on January 29, 2022
  ;
Accepted on October 10, 2022

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.

Keywords- Blockchain, Agriculture supply chain, Agro-based industries, Sustainability.

Citation

Nagariya, R., Mukherjee, S., Baral, M. M. Patel, B. S. & Venkataiah, C. (2022). The Challenges of Blockchain Technology Adoption in the Agro-based Industries. International Journal of Mathematical, Engineering and Management Sciences, 7(6), 949-963. https://doi.org/10.33889/IJMEMS.2022.7.6.059.