Impact of blockchain technology on agricultural product circulation system: A simulation analysis with agent-based modelling
Liukun Wang, Chunjie Qi, Peng Jiang, Si Xiang · Research Square · 2022
Abstract In the context of the Internet, the agricultural product circulation system needs to undergo corresponding changes to adapt to the modern fast-paced social system. Based on the main characteristics of blockchain technology and the summary of domestic and foreign theoretical research, this paper simulates the impacts of blockchain technology on the agricultural product circulation system. The results reveal that blockchain technology can improve the qualification rate of agricultural products and thereby ensure their quality and safety. Moreover, blockchain technology can significantly enhance the efficiency of the agricultural product circulation system, thus greatly promoting the economic benefits. Finally, the introduction of blockchain technology can effectively promotes the governance level and reduces the supervision cost of the agricultural product circulation system. These findings enrich the research on the application of blockchain technology in the management and circulation of modern agricultural products.