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Blockchain application in seafood value chains












​Blaha, F. & Katafono, K. 2020. Blockchain application in seafood value chains. FAO Fisheries and Aquaculture Circular No. 1207. Rome, FAO. 




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    Distributed ledger technologies (DLTs) and smart contracts provide a unique opportunity to bring greater efficiency, transparency and traceability to the exchange of value and information in the agriculture sector. By utilising digital records, cryptography and the disintermediation of transaction processing and data storage, DLTs can improve both agricultural supply chains and rural development interventions in a number of ways. The technology has the potential to simplify and integrate agricultural supply chains, enhance food safety, facilitate access to trade finance and other types of agricultural financial services, improve market transparency, provide greater legal certainty to land-tenure systems and strengthen accountability for compliance with international agreements related to agriculture. This paper aims to facilitate a better understanding of the opportunities, benefits and applications of DLTs in agri-foods. It explores the potential of DLTs to address many of the challenges that disadvantaged market players face by participating in integrated supply chains. It also identifies the technical limits, possible institutional barriers to their adoption and the way forward for the public sector. Overall, it shows how DLTs can be an impetus to achieve the Sustainable Development Goals (SDGs)
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    Distributed ledger technologies (DLTs) and smart contracts provide a unique opportunity to bring greater efficiency, transparency and traceability to the exchange of value and information in the agriculture sector. By utilising digital records, cryptography and the disintermediation of transaction processing and data storage, DLTs can improve both agricultural supply chains and rural development interventions in a number of ways. The technology has the potential to simplify and integrate agricultural supply chains, enhance food safety, facilitate access to trade finance and other types of agricultural financial services, improve market transparency, provide greater legal certainty to land-tenure systems and strengthen accountability for compliance with international agreements related to agriculture. This paper aims to facilitate a better understanding of the opportunities, benefits and applications of DLTs in agri-foods. It explores the potential of DLTs to address many of the challenges that disadvantaged market players face by participating in integrated supply chains. It also identifies the technical limits, possible institutional barriers to their adoption and the way forward for the public sector. Overall, it shows how DLTs can be an impetus to achieve the Sustainable Development Goals (SDGs).
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    The growth of ICT in the last decade has provided many opportunities to overcome some of the challenges faced by the agriculture sector. Recent developments such as the increase in the use of mobile-broadband access devices, the Internet of things (IoT), drones, smart networks, capacity for big data analytics, and artificial intelligence have provided agriculture stakeholders with some key tools and technologies to improve production and marketing processes, for example, in agriculture and allied fields. One of the most discussed technologies of late is Distributed Ledger Technology (DLT); Blockchain is one implementaiton of DLTs. This publication aims to demystify the technology, provide some thoughts on the opportunities and challenges in implementing blockchain-based systems as well as document some case studies on the use of blockchain for agriculture.

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