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Development of blockchain system for tracking and intermediation of agricultural transactions and operational procedures

Grant number: 17/01037-6
Support type:Research Grants - Innovative Research in Small Business - PIPE
Duration: October 01, 2017 - June 30, 2018
Field of knowledge:Physical Sciences and Mathematics - Computer Science - Computer Systems
Principal Investigator:Jose Ricardo de Oliveira Damico
Grantee:Jose Ricardo de Oliveira Damico
Company:Compplied Computação Aplicada S/A
City: Santana de Parnaíba
Co-Principal Investigators:Renato Ferraz Cardoso Francisco
Assoc. researchers:Danielle Cristina Rosa

Abstract

One of the biggest problems today is the lack of financial transaction reliability. Today we use third parties that validate such transactions, usually banking institutions or government related institutions. Whether consumer relations or even documentary, these are regulated by third parties, often slow, costly and in some cases unreliable. The blockchain enters as the main character, disruptively, in this environment. By providing a continuous and distributed record of transactions, validated by the micro-society of chain members, they become reliable and exposed for analysis. Total transaction history provides a complete view of this chain, allowing you to analyze any of the members and their history in this chain. The agricultural market lacks a distributed system of records, as well as easy integration for pre-existing platforms. These are fragmented, segmented through the various sectors of the agribusiness and intermediaries, diminishing the profit of the producers. A solution based on blockchain, offering integration and adaptive to the diverse demands of the market becomes necessary and shows itself as the step to be taken towards the future. (AU)