Blockchain Technology for Trustworthy Operations in the Management of Strategic Grain Reserves

Food is a daily requirement for everyone, while production patterns are seasonal. Producing sufficient nutrients is becoming more difficult because water and soil resources are already stressed and are becoming increasingly strained by climate change. Improving food security requires expertise in va...

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Main Authors: Adnan Iftekhar, Xiaohui Cui, Yiping Yang
Format: Article
Language:English
Published: MDPI AG 2021-09-01
Series:Foods
Subjects:
Online Access:https://www.mdpi.com/2304-8158/10/10/2323
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author Adnan Iftekhar
Xiaohui Cui
Yiping Yang
author_facet Adnan Iftekhar
Xiaohui Cui
Yiping Yang
author_sort Adnan Iftekhar
collection DOAJ
description Food is a daily requirement for everyone, while production patterns are seasonal. Producing sufficient nutrients is becoming more difficult because water and soil resources are already stressed and are becoming increasingly strained by climate change. Improving food security requires expertise in various areas, including sophisticated climate models, genetics research, market and household behaviour modelling, political shock modelling, and comprehensive environmental research. Additionally, governments stockpile grains to enhance national food security. These reserves should engage in markets only according to clear and transparent regulations and within defined price ranges to facilitate market functioning. It increases the demand for better technology in public administration to boost the management and distribution capacity while concentrating on improved controls and transparent governance systems. Blockchain technology emerges as a promising technology to enhance visibility, transparency, and data integrity with an immutable distributed ledger to increase trust in the parties’ business transactions. This paper discusses blockchain technology and its potential role in strategic grain reserve management.
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spelling doaj.art-73bd3db8bf474fcaac27472242338f052023-11-22T18:14:14ZengMDPI AGFoods2304-81582021-09-011010232310.3390/foods10102323Blockchain Technology for Trustworthy Operations in the Management of Strategic Grain ReservesAdnan Iftekhar0Xiaohui Cui1Yiping Yang2Key Laboratory of Aerospace Information Security and Trusted Computing, Ministry of Education, School of Cyber Science and Engineering, Wuhan University, Wuhan 430072, ChinaKey Laboratory of Aerospace Information Security and Trusted Computing, Ministry of Education, School of Cyber Science and Engineering, Wuhan University, Wuhan 430072, ChinaKey Laboratory of Aerospace Information Security and Trusted Computing, Ministry of Education, School of Cyber Science and Engineering, Wuhan University, Wuhan 430072, ChinaFood is a daily requirement for everyone, while production patterns are seasonal. Producing sufficient nutrients is becoming more difficult because water and soil resources are already stressed and are becoming increasingly strained by climate change. Improving food security requires expertise in various areas, including sophisticated climate models, genetics research, market and household behaviour modelling, political shock modelling, and comprehensive environmental research. Additionally, governments stockpile grains to enhance national food security. These reserves should engage in markets only according to clear and transparent regulations and within defined price ranges to facilitate market functioning. It increases the demand for better technology in public administration to boost the management and distribution capacity while concentrating on improved controls and transparent governance systems. Blockchain technology emerges as a promising technology to enhance visibility, transparency, and data integrity with an immutable distributed ledger to increase trust in the parties’ business transactions. This paper discusses blockchain technology and its potential role in strategic grain reserve management.https://www.mdpi.com/2304-8158/10/10/2323food securitystrategic grain reserveblockchain technologyhyperledger fabric
spellingShingle Adnan Iftekhar
Xiaohui Cui
Yiping Yang
Blockchain Technology for Trustworthy Operations in the Management of Strategic Grain Reserves
Foods
food security
strategic grain reserve
blockchain technology
hyperledger fabric
title Blockchain Technology for Trustworthy Operations in the Management of Strategic Grain Reserves
title_full Blockchain Technology for Trustworthy Operations in the Management of Strategic Grain Reserves
title_fullStr Blockchain Technology for Trustworthy Operations in the Management of Strategic Grain Reserves
title_full_unstemmed Blockchain Technology for Trustworthy Operations in the Management of Strategic Grain Reserves
title_short Blockchain Technology for Trustworthy Operations in the Management of Strategic Grain Reserves
title_sort blockchain technology for trustworthy operations in the management of strategic grain reserves
topic food security
strategic grain reserve
blockchain technology
hyperledger fabric
url https://www.mdpi.com/2304-8158/10/10/2323
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