Rental And Loan System In Agriculture Using Blockchain Technology

Abstract

Over the last several years, blockchain technology has garnered a lot of interest. The development of on-chain smart contracts, which allow for the operation of decentralized apps in trust-free settings, has contributed to this new pattern. Attacks that take advantage of flaws in smart contracts are rising in tandem with their use. Several methods, including the documentation of vulnerabilities and the use of formal verification for model checking, have been studied to mitigate these assaults and prevent breaches. However, the characteristics of the block-chain and user behavior are lost in these methods. The smart agricultural industry is rapidly growing into a world-changing financial powerhouse. Major forces propelling this technical, ecological, and economic movement include the need for greater food quality and the ability to monitor weather and soil conditions in real time. The potential for smart contract technologies to be integrated into smart agriculture to improve not only the quality of agricultural outputs but also the efficiency of the associated supply chain and agricultural logistics is investigated in this work.