An Unorthodox Way of Farming Without Intermediaries Through Blockchain

Abstract

Blockchain technology has the scope of creating a decentralized environment where any third-party organization does not manipulate transactions, and the transaction is recorded in a public ledger permanently within the first-ever occurrence. The backbone of the developing countries' economy depends on farming. When farmers sell their crops, they don't get their desired money following their hard work due to the existence of a loop that always creates an artificial crisis, which causes rise to the price of the farming goods. As a result, the farmer doesn't get this extra money as a middle-man between the farmers and the consumers are taking this extra money out. Though modern farming involves science and technology, still it is centralized and not transparent to all. Based on blockchain technology, the study proposed a decentralized agricultural platform, named KHET to resolve the mentioned issue. This paper constitutes trust and decentralization between agricultural stakeholders such as farmers, supply companies, and markets.