Emerging Opportunities for the Application of Blockchain in the Agri-food Industry

Research
Date period
28 August 2018

Distributed ledger technologies (DLTs) have the potential to transform the global food system by introducing important efficiency gains along value chains, and improving trust, transparency, and traceability. While large actors are likely to make fast and significant inroads in exploiting DLTs, small farmers and processors also stand to reap significant benefits, provided the technology is made accessible to them. This paper seeks to make an initial contribution to the emerging public debate on this issue by providing an overview of DLTs and their application in food and agriculture, examining public policy implications for food security and rural development, and identifying some potential challenges, risks, and the way forward.