What is the potential of blockchain technology in the transition towards sustainable food systems and how big is the blockchain in agriculture market?
Rk Naresh
Blockchain technology can help make food systems more sustainable by improving supply chain transparency and reducing food fraud. As for the market size, the blockchain in agriculture market was valued at around $133 million in 2020 and is expected to grow to about $1.48 billion by 2026. This shows that it's becoming more important in the agriculture sector.
Blockchain technology has significant potential in enhancing transparency and traceability in food supply chains, crucial for sustainable food systems. The blockchain in agriculture market is expected to grow substantially, with estimates projecting it to reach several billion dollars by the mid-2020s.
Blockchain technology can enhance transparency, traceability, and trust in food supply chains, promoting sustainability by reducing fraud, waste, and inefficiencies. The blockchain in agriculture market is projected to grow significantly, expected to reach several billion dollars in value by the mid-2020s.
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