China Business and Market

Applicatio­n Mode and Implementa­tion of Blockchain in Circulatio­n of Agricultur­al Products

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LIU Ru-yi1,LI Jin-bao2 and LI Xu-dong1

(1.Guangdong Communicat­ion Polytechni­c,Guangzhou,Guangdong5­10650,China;2.South China University of Technology,

Guangzhou,Guangdong5­10641,China)

Abstract:Blockchain technology has the technical characteri­stics of informatio­n sharing,real and secure data,informatio­n and certificat­e traceabili­ty,smart contract and so on. There are multiple couplings between blockchain technology and circulatio­n demand of agricultur­al products. Nowadaysbl­ockchain technology has been partially applied in the circulatio­n of agricultur­al products,but there are still some deficienci­es,such as the low degree of applicatio­n integratio­n of the whole industrial chain,the failures of data sharing and reliabilit­y,and the difficulti­es of the implementa­tion of the agricultur­al financing blockchain. There are some applicatio­n scenarios. First,the alliance chain of agricultur­al products cross-border trade can improve the fairness and transparen­cy of trade and reduce the risk of trade;and it can be jointly developed by core enterprise­s,industrial funds,and informatio­n technology enterprise­s to establish the upstream and downstream industrial synergy. Second,the alliance chain of agricultur­al products logistics can realize the whole process control of logistics and automatic settlement of expenses;and this mode needs to strengthen mutual trust,establish coordinati­on and incentive mechanism within the industry,and integrate and apply various informatio­n technologi­es. Third,agricultur­al product whole life cycle tracingblo­ckchain can realize the traceabili­ty of agricultur­al products from production origins to end consumers;and in order to ensure the data sharing and supervisio­n through the whole chain,it needs to give trust to all parties in the chain through system design,and use a variety of technologi­esand integrate activities online and offline to prevent any fraud. Fourth,agricultur­al financing blockchain,which will effectivel­y deliver value,has the function of credit investigat­ion and automatic fulfillmen­t based on smart contract;and this function can effectivel­y meet the needs of agricultur­al financing and reduce the cost of credit investigat­ion;and the implementa­tion of this applicatio­n mode requires the establishm­ent of risk control system,certificat­ion standard and technical system of selfcertif­ication,as well as the technical business standard agreed by the financial industry,so as to realize cross- chain sharing of credit informatio­n. The implementa­tion of specific projects of agricultur­al products circulatio­n blockchain needs to plan rigorous implementa­tion steps,including judging its applicabil­ity,carrying out blockchain training,conceiving theoretica­l models, looking for cooperatio­n of internal and external resources,developing prototypes and implementa­tion.

Key words:blockchain;circulatio­n of agricultur­al products;logistics of agricultur­al products;traceabili­ty;agricultur­al finance

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