Technological model for the exchange of goods in the Peruvian agricultural business sector using the smart contracts and blockchain

  • Christopher Cortez-Zaga
  • , Víctor Casas-Llamacponcca
  • , Pedro Shiguihara

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

1 Scopus citations

Abstract

To make the purchase or sale of a product through the internet, an intermediary is needed to validate certain operations, which make the products more expensive; according to INEI (National Institute of Statistics and Informatics), 68% of Peruvian agricultural sector distrusts the use of the internet for the sale of their products, so it is unlikely that they will carry out certain operations over the internet. As a result, two emerging technologies were created that offer new opportunities for the design of decentralized markets, allowing to increase the security of transactions, saving money by not depending on an intermediary, increasing the confidence of farmers and ensuring transparency and immutability of each transaction; these technologies are the Smart Contracts and Blockchain. They are technologies store information in a shared and transparent system for all the members; likewise, that the records of transactions cannot be altered, thus ensuring the transparency and immutability of the information. This document proposes a model that uses the Smart Contract and Blockchain technologies applied in the Peruvian agricultural business sector, which allows both the buyer and seller to commercialize agricultural products.

Original languageEnglish
Title of host publicationProceedings of the 4th Brazilian Technology Symposium (BTSym’18) - Emerging Trends and Challenges in Technology
EditorsYuzo Iano, Hermes José Loschi, Rangel Arthur, Osamu Saotome, Vânia Vieira Estrela
PublisherSpringer Science and Business Media Deutschland GmbH
Pages585-593
Number of pages9
ISBN (Print)9783030160524
DOIs
StatePublished - 2019
Event4th Brazilian Technology Symposium, BTSym 2018 - Campinas, Brazil
Duration: 23 Oct 201825 Oct 2018

Publication series

NameSmart Innovation, Systems and Technologies
Volume140
ISSN (Print)2190-3018
ISSN (Electronic)2190-3026

Conference

Conference4th Brazilian Technology Symposium, BTSym 2018
Country/TerritoryBrazil
CityCampinas
Period23/10/1825/10/18

Keywords

  • Blockchain
  • Commercialization
  • Farming
  • Smart contract

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