Our Prime Minister Narendra Modi has encouraging the people of our country to take benefit and promote artificial intelligence (AI) and blockchain technologies. A revolutionary movement using AI and Blockchain technologies with a value addition can be possible when the youths will lead this technology.
The agriculture sector plays a vital role in the livelihood of the rural households. Most of the rural people still depend on the land they do farming so this sector still can't be forgotten. Here, the suppliers supplies to farmers the bad quality of seeds, fertilizers and pesticides which ultimately leads to low quality of production and hampers the income of the farmers as well.
So with the help of blockchain technology these problems can be easily cured by real-time monitoring of the supply- chain, this brings transparency in the agriculture sector starting from the production process to making it available for the farmers. Hence, at every stage the products can be examined. This real time monitoring keeps an eye on the process and reduces the scope of corruption and also checks the mischievous acts of the middlemen. All these practices are started slowly and currently the farmers are using drone technology in pest control. V-Drone advances and designs drone-based systems for the agriculture trade with facilities like crop health data analysis, mapping, analytics solutions and many more.
For mapping all these practices meanwhile Modi set and action plan named NITI Aayog. The NITI Aayog explores the use of blockchain in E- governance department. This will bring transparency and applications in e-governance. Some states of India like Karnataka, Telangana, Andhra Pradesh and Maharashtra are already on the way of discovering the possible use of Blockchain, IoT, and Artificial Intelligence applications in this department.
The long term objective of Modi is just to double the farmer's income by 2022 and to get this done he announced the strategies like reducing cultivation cost, profitable prices, processing the waste and creating the non-farm sources of the income.
How the Blockchain usage can disrupt the agriculture sector:
Blockchain plays a vital role in solving many agriculture-related problems. The blockchain is ledger technology that allows all members to record transactions on system so they all are safe, secure and is incorruptible. The food supply chain is now simplified and transparent as it is monitored by blockchain technology that includes the activities of farmers, brokers, distributors, processors, retailers, regulators, and consumers.
Conclusion: With both private and government sector comes together, and with ease of doing business policies, Indian agriculture sector may see a revolutionary change, hence AI and Blockchain technology can control and monitor the activities of all the members who are involved in the process and can be automated.