Thematic Intelligence: Blockchain in Agriculture
Summary
Blockchain is an electronic ledger of transactions, secured by a blend of consensus mechanisms and cryptographic signatures. Data recorded in the blockchain is unchangeable, making it secure and trusted. The global blockchain market will grow from $12 billion in 2023 to $291 billion in 2030, expanding at a compound annual growth rate (CAGR) of 55%, says GlobalData.
Blockchain has the potential to bring about efficiency gains in all segments of the agricultural value chain, by reducing information asymmetry and making records immutable. If successfully adopted, blockchain will improve food security, by mitigating the impact of climate change, reducing supply chain inefficiencies, and supporting smallholder farmers.
Scope
- This report is a thematic brief, which identifies those companies most likely to succeed in a world filled with disruptive threats.
- Inside we predict how each theme will evolve and identify the leading and disrupting companies.
- This report covers the blockchain theme and its impact on agribusiness.
- GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition, and secure that all-important competitive advantage.
- Develop and design your corporate strategies through an in-house expert analysis of cybersecurity by understanding the primary ways in which this theme is impacting the agricultural industry.
- Stay up to date on the industry’s major players and where they sit in the value chain.
- Identify emerging industry trends to gain a competitive advantage.
- Executive Summary
- Players
- Value Chain
- Agriculture Challenges
- The Impact of Blockchain on Agriculture
- How can blockchain help tackle supply chain disruption?
- How can blockchain help tackle climate change and environmental degradation?
- How can blockchain help tackle the challenge of land and labor shortages?
- How can blockchain help tackle the challenge of spoilage and waste?
- How can blockchain help tackle the challenge of pressure on limited resources?
- Case Studies
- Ecuador’s Sustainable Shrimp Partnership uses blockchain to verify its supply chain
- GainForest is using blockchain-based smart contracts to incentivize conservation
- Etherisc uses blockchain to streamline the insurance process
- Market Size and Growth Forecasts
- The financial services industry leads the way in global blockchain spending
- The US leads the way
- Blockchain Timeline
- Signals
- M&A trends
- Patent trends
- Company filing trends
- Companies
- Leading blockchain adopters in agriculture
- Leading blockchain vendors
- Specialist blockchain vendors in agriculture
- Glossary
- Further Reading
- GlobalData reports
- Our Thematic Research Methodology
- About GlobalData
- Contact Us
- List of Tables
- Table 1: Agriculture Challenges
- Table 2: Key M&A transactions associated with the blockchain theme in 2023
- Table 3: Leading blockchain adopters in agriculture
- Table 4: Leading blockchain vendors
- Table 5: Specialist blockchain vendors in agriculture
- Table 6: Glossary
- Table 7: GlobalData reports
- List of Figures
- Figure 1: Key players in blockchain
- Figure 2: The blockchain value chin
- Figure 3: Global agricultural production is now growing faster than the global population
- Figure 4: Thematic invesment matrixMany parts of the agribusiness value chain must explore investing in blockchain applications and services.
- Figure 5: The SSP verifies all shrimp are ASC-certified
- Figure 6: Measure-to-earn reverses deorestation
- Figure 7: Etherisc at Machakos Agricultural Training Center
- Figure 8: GlobalData estimates that the global blockchain market will be worth $291 billion by 2030
- Figure 9: he financial services ndustry leads blockchain spending
- Figure 10: The evolution of blockchain can be divided into several distinct phases
- Figure 11: The blockchain story
- Figure 12: The number of blockchain-related M&A deals remains strong despite the crypto crash
- Figure 13: Blockchain-related patents in agriculture reached a high of 72,814 in Q3 2022
- Figure 14: China has a startling lead on blockchain-related patents in agriculture
- Figure 15: Blockchain-related agribusiness filings have been volatile over the last five years
- Figure 16: Blockchain was the 29th most-mentioned theme in agribusinesses filings from 2019 to 2024
- Figure 17: Our five-step approach for generating a sector scorecard
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