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Blockchain in the agrifood sector:From storytelling to traceability fact-checking up to new economic models

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  • Rampone, Francesco
  • Lecca, Fabio
  • Giolito, Paolo
  • Romano, Massimo

Abstract

This paper aims to demystify a lot of misconceptions still widely circulating today about the alleged properties of blockchain and then illustrate the real opportunities that this technology offers for “food system” and how it must be correctly implemented for it to be truly useful, for producers and consumers, particularly in the agrifood sector. The concepts of blockchain opportunities and incompleteness of agri-food chain projects based on blockchain technology are then explained, setting out the minimum and necessary characteristics required to make the use of this technology useful and effective (Minimum Viable Ecosystem). The process governance levels for the development and maintenance of a blockchain traceability project are then illustrated, focusing on the role and responsibility of each player in the supply chain. Finally, the structure of a blockchain solution is described, focusing on a number of structural and technological solutions by outlining the concepts of consistency checking for the validation of input data with appropriate smart contracts, and of information frameworks for the subsequent scrutiny of data in audit operations and the assignment of levels of reliability. These are essential prerequisites for a collaborative blockchain data management to pursue the objective of actual reliability and transparency of information.

Suggested Citation

  • Rampone, Francesco & Lecca, Fabio & Giolito, Paolo & Romano, Massimo, . "Blockchain in the agrifood sector:From storytelling to traceability fact-checking up to new economic models," Economia agro-alimentare / Food Economy, Italian Society of Agri-food Economics/Società Italiana di Economia Agro-Alimentare (SIEA), vol. 25(2).
    • Handle: RePEc:ags:sieaea:338624
    DOI: 10.22004/ag.econ.338624
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    References listed on IDEAS

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    1. Khaqqi, Khamila Nurul & Sikorski, Janusz J. & Hadinoto, Kunn & Kraft, Markus, 2018. "Incorporating seller/buyer reputation-based system in blockchain-enabled emission trading application," Applied Energy, Elsevier, vol. 209(C), pages 8-19.
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