Blockchain is a technology that involves controlling transactions of business and keeps all data in the system.
There are different blockchains like Public Blockchains, Private Blockchains, Consortium Blockchains, and Hybrid Blockchains. Ethereum, IBM Blockchain, Hyperledger Fabric, R3 Corda are some of the top blockchains. Bitcoin and cryptocurrency are fully dependent on blockchain. This technology of keeping a record of transactions and sharing data are now used in agribusiness. This can improve the food supply chain, payment, management, and several other privacy factors. Nowadays, producers can easily supply a food item without any label on it. So, consumers and retailers are unaware of the origin of the product. Blockchain technology helps to trace food items and helps to know about their purity and origin. Blockchain technology helps the farmers by providing them all particular information about at which price the product is sold and what actual profit is made from it.