Blockchain Integration And Its Effect On Agricultural Supply Chain Management

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• Blockchain Integration And Its Effect On
  Agricultural Supply Chain Management

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Table of content

• Blockchain Integration And Its Effect On
  Agricultural Supply Chain Management

Challenges Faced By Agricultural Supply Chain
Management

• About Us

• Blockchain Technology Is Transforming
  Agricultural Supply Chain Management 

Wrapping Up
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About Us - Financing Solutions For Climate
Resilient, Future Ready Profitable Farming.

• Netafim Agricultural Financing Agency Pvt. Ltd.
  (NAFA) was promoted by Netafim Group, Israel to
  finance the stakeholders in micro-irrigation
  value chain. Netafim invented and pioneered the
  adoption of drip irrigation system across the
  world with the mission to promote a global change
  in the way water is used in agriculture.
• One of the major hurdles in adoption, of micro
  irrigation by farmers, was their access to
  finance, hence Netafim decided to provide
  financial solutions to the stakeholders in micro
  irrigation value chain. NAFA, the Non-Banking
  Finance Company (NBFC) of Netafim Group, received
  the RBI license and commenced operations in
  March2013.

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• Blockchain Integration And Its Effect On
  Agricultural Supply Chain Management

• Blockchain is an emerging innovative technology
  changing many industries and has immense
  potential to impact agricultural supply chain
  management systems. People have become conscious
  about their food choices and want to know about
  production certificates, chemicals and
  fertilisers used, production standards, and more.
  That is where blockchain technology is helpful in
  agribusiness supply chain management to improve
  food safety, quality, and the traceability of the
  farming supply chain. Blockchain technology is
  revolutionising agriculture by solving
  innumerable challenges the agriculture sector
  faces.
• Adopting blockchain technology in supply chain
  management in the agricultural sector has
  increased transparency, efficiency, and the
  consumer experience.

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• Blockchain Integration And Its Effect On
  Agricultural Supply Chain Management

• According to a market research study, the global
  blockchain technology in supply chain management
  was around USD 262.9 million in 2021, and it is
  estimated to increase to USD 3153.7 million by
  2028 with a CAGR of 51.3. Blockchain integration
  in agricultural supply chain management prevents
  data manipulation, increases transparency, and
  prevents fraud. Agri finance companies in India
  like NAFA (Netafim Agricultural Financing Agency)
  are helping farmers adopt new technologies like
  blockchain into their system through agricultural
  loans.
• The human population is proliferating, leading to
  increasing demand for food. To overcome the
  challenges and satisfy the growing requirements,
  farmers can make the most of smart technologies
  like blockchain and NetBeat software that help in
  sustainable farming, optimise yield, save cost,
  and meet the rising demand for food with
  transparency and integrity, and efficiency.
  Furthermore, Agri finance companies in India,
  like NAFA, are helping farmers adopt these modern
  technologies by financing solutions to enable
  smart agriculture and boost automation processes.
  Technologies like blockchain are empowering
  farmers to produce high-quality food and
  efficient supply chain management in agriculture.

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• Challenges Faced By Agricultural Supply Chain
  Management

• The supply chain ecosystem consists of many
  processes and requires intermediaries to carry
  them. Some of the problems the agricultural
  sector encounters in the supply chain are product
  traceability, transparency, food safety and
  quality, and supply chain inefficiency. The
  problem arises because the database records are
  maintained separately and unavailable to all the
  stakeholders, which, in turn, gives rise to
  challenges in transactions. Another significant
  issue is that the recorded database does not
  ensure that it is authentic and has not been
  tampered with or modified. And also, increased
  food demand poses a problem of fake products that
  threaten the various stages of the supply chain
  hence it develops a lack of trust between the
  producers and consumers. The traditional way of
  managing data is risky as it leads to inaccurate
  data, misuse, and sometimes prone to
  cyber-attacks.

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• Blockchain Technology Is Transforming
  Agricultural Supply Chain Management 

• Blockchain is an incredible technology
  proliferating and addressing the challenges in
  the agricultural supply chain mentioned above.
  The global blockchain market size in agriculture
  and food supply chain was valued at USD 133
  million in 2020 and is estimated to reach USD 948
  million by 2025. The blockchain allows the supply
  chain to automate the processes of storing data
  in a digital format, making it tamperproof. For
  transactions and negotiations, it also eliminates
  the need for mediators and synchronises the
  transactions data across networks with ease of
  tracking transaction data of its origin. The
  smart contracts in blockchain help efficiently
  handle all the communications and dealings
  between the stakeholders in the supply chain.
• Furthermore, blockchain and IoT-based food
  traceability is becoming key to smart
  agriculture. Food safety has become of utmost
  importance, and a reliable traceability system
  can track and monitor the lifecycle of food
  production from raw materials to cultivation to
  processing, transportation, warehousing, delivery
  and more. The technologies like blockchain and
  IoT are proving to be efficient in ensuring food
  safety and eliminating human intervention.
  Blockchain technology in the agricultural supply
  chain is tamperproof, reliable, encrypted,
  increases transaction efficiency, and helps in
  advanced traceability in the supply chain.

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• Wrapping Up

• Blockchain technology is becoming a crucial part
  of agricultural supply chain management. It
  enables food security, food safety, food
  integrity, support for small farmers, waste
  reduction, environmental awareness, and better
  supply chain control. Farmers can use blockchain
  technology to the fullest by availing of
  agricultural loans and upgrading their farming
  and supply chain practices for sustainable
  business.

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What We Promote?
Sustainable Agriculture Practices by promoting
climate resilient technologies by focusing on
using water efficiently to reduce negative impact
on environment.
Access to Financial Service To small holder
farmers and Small Medium rural agri enterprises
Improving Farmers Income Level By helping him to
adopt cash-crops, increasing crop-productivity
and helping him to grow more with less
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Thank you
Netafim Agricultural Financing Agency Pvt. Ltd.
308, 3rd Floor, Windfall, D- Wing, Sahar Plaza
Complex,Andheri Kurla Road, J B Nagar, Andheri
East, Mumbai 400059
Phone Number 91-22-6170 7600 Toll-Free  1800
2677762 Whatsapp  [phone] Email
info_at_nafa.co.in customercare_at_nafa.co.in
Web https//nafa.co.in