Blockchain in Agriculture and Food Market - A Global and Regional Analysis
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Focus on Applications, Products, and Country-Wise Analysis
Analysis and Forecast: 2021-2026 January 2022
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Global Blockchain in Agriculture and Food Market
Table of Content
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Global Blockchain in Agriculture and Food Market
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Table of Content Executive Summary .......................................................................... 26 1
Markets ..................................................................................... 36 1.1
Industry Outlook .............................................................................................. 37
1.1.1 Market Definition ......................................................................................... 37 1.1.2 Supply Chain Analysis ................................................................................ 38 1.1.3 Ecosystem of Blockchain in Agriculture and Food Market ..................... 39 1.2
Business Dynamics ......................................................................................... 40
1.2.1 Business Drivers ......................................................................................... 40 1.2.1.1
Need for Transparency in Supply Chain ............................................................ 40
1.2.1.2
Government Initiatives to Promote Blockchain in Agriculture ............................ 40
1.2.1.3
Stringent Rules
and Regulations
to
Comply
With Sustainability
Requirements .................................................................................................... 41
1.2.2 Business Challenges .................................................................................. 42 1.2.2.1
Lack of Awareness and Technical Know-How ................................................... 42
1.2.2.2
Lack of Standardized Data ................................................................................ 42
1.2.2.3
Issues with Data Management .......................................................................... 42
1.2.3.1
Increasing in Funds and Investments in Agri-Blockchain .................................. 43
1.2.3.2
Complexity in Supply Chains ............................................................................. 44
1.2.3.3
Development of the Small Farmers’ Cooperatives ............................................ 44
1.2.4 Business Strategies .................................................................................... 44 1.2.4.1
Product Development ........................................................................................ 45
1.2.5 Corporate Strategies ................................................................................... 47 1.2.5.1
Partnership and Collaboration ........................................................................... 47
1.2.5.2
Others ................................................................................................................ 50
1.3
Investment Landscape .................................................................................... 51
1.4
Impact of COVID-19 on Global Blockchain in Agriculture and Food Market ............................................................................................................... 52 3
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Global Blockchain in Agriculture and Food Market
1.2.3 Business Opportunities .............................................................................. 43
2
Application ................................................................................ 54 2.1
Global Blockchain in Agriculture and Food Market (by Application) .......... 55
2.1.1 Supply Chain Tracking................................................................................ 56 2.1.2 Finance Management .................................................................................. 57 2.1.3 Data Management ........................................................................................ 61 2.1.4 Land and Property Ownership ................................................................... 65 2.1.5 Others ........................................................................................................... 66 2.2
Demand Analysis of the Global Blockchain in Agriculture and Food Market (by Application) ................................................................................... 66
2.3
Blockchain in Agriculture and Food Market (by Type) ................................. 67
2.3.1 Public Blockchain........................................................................................ 68 2.3.2 Private Blockchain ...................................................................................... 69 2.3.3 Hybrid Blockchain ....................................................................................... 70 2.4
Demand Analysis of the Global Blockchain in Agriculture and Food Market (by Type) .............................................................................................. 70
2.5
Blockchain in Agriculture and Food Market (by Stakeholder) ..................... 71
2.5.1 Growers ........................................................................................................ 71
2.6
Demand Analysis of the Global Blockchain in Agriculture and Food Market (by Stakeholder) .................................................................................. 73
2.7
Global Blockchain in Agriculture and Food Market (by Organization) ....... 74
2.7.1 Large Enterprises ........................................................................................ 75 2.7.2 Small and Medium Enterprises (SMEs) ..................................................... 76 2.8
3
Demand Analysis Global Blockchain in Agriculture and Food Market (by Organization) ............................................................................................. 78
Products .................................................................................... 79 3.1
Global Blockchain in Agriculture and Food Market (by Provider) ............... 80
3.1.1 Application and Solution Provider ............................................................. 80 3.1.2 Middleware Provider ................................................................................... 82 3.1.3 Infrastructure and Protocol Provider ......................................................... 83 4 All rights reserved at BIS Research Inc.
Global Blockchain in Agriculture and Food Market
2.5.2 Food Manufacturers and Retailers............................................................. 72
3.2
Demand Analysis Global Blockchain in Agriculture and Food Market (by Provider)..................................................................................................... 84
3.3
Patent Analysis ................................................................................................ 85
3.3.1 Patent Analysis (by Status) ........................................................................ 87 3.3.2 Patents Analysis (by Organization) ........................................................... 88
4
Region ....................................................................................... 89 4.1
North America .................................................................................................. 93
4.1.1 Market ........................................................................................................... 93 4.1.1.1
Key Blockchain Service Providers in North America ......................................... 93
4.1.1.2
Business Drivers ................................................................................................ 94
4.1.1.3
Business Challenges ......................................................................................... 94
4.1.2 Type .............................................................................................................. 94 4.1.2.1
North America Blockchain in Agriculture and Food Market (by Type) ............... 94
4.1.3 Organization ................................................................................................ 95 4.1.3.1
North America Blockchain in Agriculture and Food Market (by Organization) ..................................................................................................... 95
4.1.4 Stakeholder .................................................................................................. 95 4.1.4.1
North America Blockchain in Agriculture and Food Market (by Stakeholder) ........................................................................................................................... 95
4.1.5.1
North America Blockchain in Agriculture and Food Market (by Provider) .......... 96
4.1.6 Application ................................................................................................... 96 4.1.6.1
North America Blockchain in Agriculture and Food Market (by Application) ........................................................................................................................... 96
4.1.7 North America (by Country) ....................................................................... 97 4.1.8 North America (by Country) ....................................................................... 97 4.1.8.1
U.S. .................................................................................................................... 97
4.1.8.1.1
Market ...................................................................................................................... 98
4.1.8.1.1.1 Buyer Attributes ................................................................................................ 98 4.1.8.1.1.2 Key Blockchain Service Providers Operating in the U.S. ................................. 98 5 All rights reserved at BIS Research Inc.
Global Blockchain in Agriculture and Food Market
4.1.5 Provider ........................................................................................................ 96
4.1.8.1.1.3 Business Challenges ........................................................................................ 98 4.1.8.1.1.4 Business Drivers ............................................................................................... 98
4.1.8.2
Canada .............................................................................................................. 99
4.1.8.2.1
Market ...................................................................................................................... 99
4.1.8.2.1.1 Buyer Attributes ................................................................................................ 99 4.1.8.2.1.2 Key Blockchain Service Providers Operating in Canada ............................... 100 4.1.8.2.1.3 Business Challenges ...................................................................................... 100 4.1.8.2.1.4 Business Drivers ............................................................................................. 100
4.1.8.3
Mexico ............................................................................................................. 100
4.1.8.3.1
Market .................................................................................................................... 101
4.1.8.3.1.1 Buyer Attributes .............................................................................................. 101 4.1.8.3.1.2 Key Blockchain Service Providers Operating in Mexico................................. 101 4.1.8.3.1.3 Business Challenges ...................................................................................... 101 4.1.8.3.1.4 Business Drivers ............................................................................................. 101
4.1.8.4
Rest-of North America ..................................................................................... 102
4.1.8.4.1
Market .................................................................................................................... 102
4.1.8.4.1.1 Buyer Attributes .............................................................................................. 102 4.1.8.4.1.2 Key Blockchain Service Providers Operating in the Rest-of-North
4.1.8.4.1.3 Business Challenges ...................................................................................... 103 4.1.8.4.1.4 Business Drivers ............................................................................................. 103
4.2
Europe ............................................................................................................ 105
4.2.1 Market ......................................................................................................... 105 4.2.1.1
Key Blockchain Service Providers Operating in Europe .................................. 105
4.2.1.2
Business Drivers .............................................................................................. 106
4.2.1.3
Business Challenges ....................................................................................... 106
4.2.2 Type ............................................................................................................ 106 4.2.2.1
Europe Blockchain in Agriculture and Food Market (by Type) ........................ 106
4.2.3 Organization .............................................................................................. 107
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Global Blockchain in Agriculture and Food Market
America ................................................................................................................. 102
4.2.3.1
Europe Blockchain in Agriculture and Food Market (by Organization) ............ 107
4.2.4 Stakeholder ................................................................................................ 107 4.2.4.1
Europe Blockchain in Agriculture and Food Market (by Stakeholder) ............. 107
4.2.5 Provider ...................................................................................................... 107 4.2.5.1
Europe Blockchain in Agriculture and Food Market (by Provider) ................... 107
4.2.6 Application ................................................................................................. 108 4.2.6.1
Europe Blockchain in Agriculture and Food Market (by Application) ............... 108
4.2.7 Europe (by Country) .................................................................................. 108 4.2.7.1
Malta ................................................................................................................ 108
4.2.7.1.1
Market .................................................................................................................... 109
4.2.7.1.1.1 Buyer Attributes .............................................................................................. 109 4.2.7.1.1.2 Key Blockchain Service Providers Operating in Malta ................................... 109 4.2.7.1.1.3 Business Challenges ...................................................................................... 109 4.2.7.1.1.4 Business Drivers ............................................................................................. 110
4.2.7.2
Estonia ............................................................................................................. 110
4.2.7.2.1
Market .................................................................................................................... 110
4.2.7.2.1.1 Buyer Attributes .............................................................................................. 110 4.2.7.2.1.2 Key Blockchain Service Providers Operating in Estonia ................................ 111
4.2.7.2.1.4 Business Drivers ............................................................................................. 111
4.2.7.3
Switzerland ...................................................................................................... 111
4.2.7.3.1
Market .................................................................................................................... 112
4.2.7.3.1.1 Buyer Attributes .............................................................................................. 112 4.2.7.3.1.2 Key Blockchain Service Providers Operating in Switzerland n ...................... 112 4.2.7.3.1.3 Business Challenges ...................................................................................... 112 4.2.7.3.1.4 Business Drivers ............................................................................................. 113
4.2.7.4
Rest-of-Europe ................................................................................................ 113
4.2.7.4.1
Market .................................................................................................................... 114
4.2.7.4.1.1 Buyer Attributes .............................................................................................. 114
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Global Blockchain in Agriculture and Food Market
4.2.7.2.1.3 Business Challenges ...................................................................................... 111
4.2.7.4.1.2 Key Blockchain Service Providers Operating in the Rest-of-Europe ............. 114 4.2.7.4.1.3 Business Challenges ...................................................................................... 114 4.2.7.4.1.4 Business Drivers ............................................................................................. 114
4.3
U.K. ................................................................................................................. 116
4.3.1 Market ......................................................................................................... 116 4.3.1.1
Buyer Attributes ............................................................................................... 116
4.3.1.2
Key Blockchain Service Providers Operating in the U.K. ................................ 116
4.3.1.3
Business Challenges ....................................................................................... 117
4.3.1.4
Business Drivers .............................................................................................. 117
4.3.2 Type ............................................................................................................ 117 4.3.2.1
U.K. Blockchain in Agriculture and Food Market (by Type) ............................. 117
4.3.3 Organization .............................................................................................. 117 4.3.3.1
U.K. Blockchain in Agriculture and Food Market (by Organization) ................. 117
4.3.4 Stakeholder ................................................................................................ 118 4.3.4.1
U.K. Blockchain in Agriculture and Food Market (by Stakeholder) .................. 118
4.3.5 Provider ...................................................................................................... 118 4.3.5.1
U.K. Blockchain in Agriculture and Food Market (by Provider) ........................ 118
4.3.6 Application ................................................................................................. 119
4.4
U.K. Blockchain in Agriculture and Food Market (by Application) ................... 119
South America ............................................................................................... 121
4.4.1 Market ......................................................................................................... 121 4.4.1.1
Key Blockchain Service Providers Operating in South America ...................... 121
4.4.1.2
Business Drivers .............................................................................................. 122
4.4.1.3
Business Challenges ....................................................................................... 122
4.4.2 Type ............................................................................................................ 122 4.4.2.1
South America Blockchain in Agriculture and Food Market (by Type) ............ 122
4.4.3 Organization .............................................................................................. 123 4.4.3.1
South America Blockchain in Agriculture and Food Market (by Organization) ................................................................................................... 123
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Global Blockchain in Agriculture and Food Market
4.3.6.1
4.4.4 Stakeholder ................................................................................................ 123 4.4.4.1
South America Blockchain in Agriculture and Food Market (by Stakeholder) .................................................................................................... 123
4.4.5 Provider ...................................................................................................... 124 4.4.5.1
South America Blockchain in Agriculture and Food Market (by Provider) ....... 124
4.4.6 Application ................................................................................................. 124 4.4.6.1
South America Blockchain in Agriculture and Food Market (by Application) ......................................................................................................................... 124
4.4.7 South America (by Country) ..................................................................... 125 4.4.7.1
Brazil ................................................................................................................ 125
4.4.7.1.1
Market .................................................................................................................... 126
4.4.7.1.1.1 Buyer Attributes .............................................................................................. 126 4.4.7.1.1.2 Key Blockchain Service Providers Operating in the Brazil ............................. 126 4.4.7.1.1.3 Business Challenges ...................................................................................... 126 4.4.7.1.1.4 Business Drivers ............................................................................................. 126
4.4.7.2
Argentina ......................................................................................................... 126
4.4.7.2.1
Market .................................................................................................................... 127
4.4.7.2.1.1 Buyer Attributes .............................................................................................. 127 4.4.7.2.1.2 Key Blockchain Service Providers Operating in Argentina............................. 127
4.4.7.2.1.4 Business Drivers ............................................................................................. 127
4.4.7.3
Rest-of-South America .................................................................................... 128
4.4.7.3.1
Market .................................................................................................................... 128
4.4.7.3.1.1 Buyer Attributes .............................................................................................. 128 4.4.7.3.1.2 Key Blockchain Service Providers Operating in Rest-of-South America ....... 128 4.4.7.3.1.3 Business Challenges ...................................................................................... 129 4.4.7.3.1.4 Business Drivers ............................................................................................. 129
4.5
China ............................................................................................................... 131
4.5.1 Market ......................................................................................................... 131 4.5.1.1
Buyer Attributes ............................................................................................... 131 9
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Global Blockchain in Agriculture and Food Market
4.4.7.2.1.3 Business Challenges ...................................................................................... 127
4.5.1.2
Key Blockchain Service Providers Operating in China .................................... 132
4.5.1.3
Business Challenges ....................................................................................... 132
4.5.1.4
Business Drivers .............................................................................................. 132
4.5.2 Type ............................................................................................................ 132 4.5.2.1
China Blockchain in Agriculture and Food Market (by Type) ........................... 132
4.5.3 Organization .............................................................................................. 133 4.5.3.1
China Blockchain in Agriculture and Food Market (by Organization) .............. 133
4.5.4 Stakeholder ................................................................................................ 133 4.5.4.1
China Blockchain in Agriculture and Food Market (by Stakeholder) ............... 133
4.5.5 Provider ...................................................................................................... 133 4.5.5.1
China Blockchain in Agriculture and Food Market (by Provider) ..................... 133
4.5.6 Application ................................................................................................. 134 4.5.6.1
4.6
China Blockchain in Agriculture and Food Market (by Application) ................. 134
Asia-Pacific .................................................................................................... 136
4.6.1 Market ......................................................................................................... 136 4.6.1.1
Key Blockchain Service Providers Operating in Asia-Pacific ........................... 136
4.6.1.2
Business Drivers .............................................................................................. 137
4.6.1.3
Business Challenges ....................................................................................... 137
4.6.2.1
Asia-Pacific Blockchain in Agriculture and Food Market (by Type) ................. 137
4.6.3 Organization .............................................................................................. 137 4.6.3.1
Asia-Pacific Blockchain in Agriculture and Food Market (by Organization) ..... 137
4.6.4 Stakeholder ................................................................................................ 138 4.6.4.1
Asia-Pacific Blockchain in Agriculture and Food Market (by Stakeholder) ...... 138
4.6.5 Provider ...................................................................................................... 138 4.6.5.1
Asia-Pacific Blockchain in Agriculture and Food Market (by Provider) ............ 138
4.6.6 Application ................................................................................................. 138 4.6.6.1
Asia-Pacific Blockchain in Agriculture and Food Market (by Application) ........ 138
4.6.7 Asia-Pacific (by Country) .......................................................................... 139 10 All rights reserved at BIS Research Inc.
Global Blockchain in Agriculture and Food Market
4.6.2 Type ............................................................................................................ 137
4.6.7.1
Japan ............................................................................................................... 139
4.6.7.1.1
Market .................................................................................................................... 140
4.6.7.1.1.1 Buyer Attributes .............................................................................................. 140 4.6.7.1.1.2 Key Blockchain Service Providers Operating in Japan .................................. 140 4.6.7.1.1.3 Business Challenges ...................................................................................... 140 4.6.7.1.1.4 Business Drivers ............................................................................................. 141
4.6.7.2
Thailand ........................................................................................................... 141
4.6.7.2.1
Market .................................................................................................................... 141
4.6.7.2.1.1 Buyer Attributes .............................................................................................. 141 4.6.7.2.1.2 Key Blockchain Service Providers Operating in Thailand .............................. 142 4.6.7.2.1.3 Business Challenges ...................................................................................... 142 4.6.7.2.1.4 Business Drivers ............................................................................................. 142
4.6.7.3
Singapore ........................................................................................................ 142
4.6.7.3.1
Market .................................................................................................................... 143
4.6.7.3.1.1 Buyer Attributes .............................................................................................. 143 4.6.7.3.1.2 Key Blockchain Service Providers Operating in Singapore............................ 143 4.6.7.3.1.3 Business Challenges ...................................................................................... 143 4.6.7.3.1.4 Business Drivers ............................................................................................. 143
Rest-of-Asia-Pacific ......................................................................................... 143
4.6.7.4.1
Market .................................................................................................................... 145
4.6.7.4.1.1 Buyer Attributes .............................................................................................. 145 4.6.7.4.1.2 Key Blockchain Service Providers Operating in Rest-of-Asia-Pacific ............ 145 4.6.7.4.1.3 Business Challenges ...................................................................................... 145 4.6.7.4.1.4 Business Drivers ............................................................................................. 145
4.7
Middle East and Africa .................................................................................. 146
4.7.1 Market ......................................................................................................... 146 4.7.1.1
Key Blockchain Service Providers Operating in Middle East and Africa ......... 146
4.7.1.2
Business Drivers .............................................................................................. 146
4.7.1.3
Business Challenges ....................................................................................... 146 11
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Global Blockchain in Agriculture and Food Market
4.6.7.4
4.7.2 Type ............................................................................................................ 147 4.7.2.1
Middle East and Africa Blockchain in Agriculture and Food Market (by Type)................................................................................................................ 147
4.7.3 Organization .............................................................................................. 147 4.7.3.1
Middle East and Africa Blockchain in Agriculture and Food Market (by Organization) ................................................................................................... 147
4.7.4 Stakeholder ................................................................................................ 148 4.7.4.1
Middle East and Africa Blockchain in Agriculture and Food Market (by Stakeholder) .................................................................................................... 148
4.7.5 Provider ...................................................................................................... 148 4.7.5.1
Middle East and Africa Blockchain in Agriculture and Food Market (by Provider) .......................................................................................................... 148
4.7.6 Application ................................................................................................. 149 4.7.6.1
Middle East and Africa Blockchain in Agriculture and Food Market (by Application) ...................................................................................................... 149
4.7.7 Middle East and Africa (by Country) ........................................................ 149 4.7.7.1
U.A.E. .............................................................................................................. 149
4.7.7.1.1
Market .................................................................................................................... 150
4.7.7.1.1.1 Buyer Attributes .............................................................................................. 150
4.7.7.1.1.3 Business Challenges ...................................................................................... 151 4.7.7.1.1.4 Business Drivers ............................................................................................. 151
4.7.7.2
Saudi Arabia .................................................................................................... 151
4.7.7.2.1
Market .................................................................................................................... 152
4.7.7.2.1.1 Buyer Attributes .............................................................................................. 152 4.7.7.2.1.2 Key Blockchain Service Providers Operating in Saudi Arabia ....................... 152 4.7.7.2.1.3 Business Challenges ...................................................................................... 152 4.7.7.2.1.4 Business Drivers ............................................................................................. 152
4.7.7.3
South Africa ..................................................................................................... 152
4.7.7.3.1
Market .................................................................................................................... 153
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4.7.7.1.1.2 Key Blockchain Service Providers Operating in the U.A.E............................. 150
4.7.7.3.1.1 Buyer Attributes .............................................................................................. 153 4.7.7.3.1.2 Key Blockchain Service Providers Operating in South Africa ........................ 153 4.7.7.3.1.3 Business Challenges ...................................................................................... 154 4.7.7.3.1.4 Business Drivers ............................................................................................. 154
4.7.7.4
Rest-of-Middle East and Africa ........................................................................ 154
4.7.7.4.1
Market .................................................................................................................... 155
4.7.7.4.1.1 Buyer Attributes .............................................................................................. 155 4.7.7.4.1.2 Key Blockchain Service Providers Operating in Rest-of-Middle East and Africa ..................................................................................................................... 155 4.7.7.4.1.3 Business Challenges ...................................................................................... 156 4.7.7.4.1.4 Business Drivers ............................................................................................. 156
5
Markets - Competitive Benchmarking & Company Profiles ....... 157 5.1
Competitive Benchmarking .......................................................................... 158
5.2
Market Share Analysis .................................................................................. 160
5.2.1 Market Share Analysis of Global Blockchain in Agriculture and Food Companies ....................................................................................... 160 5.3
Company Profile ............................................................................................ 162
5.3.1 Blockchain Technology Solution Providers ........................................... 162 AgriChain Pty Ltd. ............................................................................................ 162
5.3.1.1.1
Company Overview ................................................................................................ 162
5.3.1.1.1.1 Role of AgriChain Pty Ltd. in the Global Blockchain in Agriculture and Food Market .......................................................................................................... 162 5.3.1.1.1.2 Product Portfolio ............................................................................................. 163 5.3.1.1.2
5.3.1.2
Strengths and Weaknesses of AgriChain Pty Ltd. ................................................. 163
Ambrosus......................................................................................................... 164
5.3.1.2.1
Company Overview ................................................................................................ 164
5.3.1.2.1.1 Role of Ambrosus in the Global Blockchain in Agriculture and Food Market ................................................................................................................... 164 5.3.1.2.1.2 Product Portfolio ............................................................................................. 164 5.3.1.2.1.3 Key Developments.......................................................................................... 165 13 All rights reserved at BIS Research Inc.
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5.3.1.1
5.3.1.2.2
5.3.1.3
Strengths and Weaknesses of Ambrosus .............................................................. 165
arc-net.............................................................................................................. 166
5.3.1.3.1
Company Overview ................................................................................................ 166
5.3.1.3.1.1 Role of arc-net in the Global Blockchain in Agriculture and Food Market ...... 166 5.3.1.3.1.2 Product Portfolio ............................................................................................. 166 5.3.1.3.1.3 Key Developments.......................................................................................... 167 5.3.1.3.2
5.3.1.4
Strengths and Weaknesses of arc-net ................................................................... 167
Bext 360........................................................................................................... 168
5.3.1.4.1
Company Overview ................................................................................................ 168
5.3.1.4.1.1 Role of Bext 360 in the Global Blockchain in Agriculture and Food Market ........................................................................................................................ 168 5.3.1.4.1.2 Product Portfolio ............................................................................................. 168 5.3.1.4.1.3 Key Developments.......................................................................................... 169 5.3.1.4.2
5.3.1.5
Strengths and Weaknesses of Bext 360 ................................................................ 169
Coin 22 ............................................................................................................ 170
5.3.1.5.1
Company Overview ................................................................................................ 170
5.3.1.5.1.1 Role of Coin 22 in the Global Blockchain in Agriculture and Food Market ........................................................................................................................ 170 5.3.1.5.1.2 Product Portfolio ............................................................................................. 170
5.3.1.6
Strengths and Weaknesses of Coin 22 ................................................................. 171
Filament ........................................................................................................... 172
5.3.1.6.1
Company Overview ................................................................................................ 172
5.3.1.6.1.1 Role of Filament in the Global Blockchain in Agriculture and Food Market ........................................................................................................................ 172 5.3.1.6.1.2 Product Portfolio ............................................................................................. 173 5.3.1.6.1.3 Key Developments.......................................................................................... 173 5.3.1.6.2
5.3.1.7
Strengths and Weaknesses of Filament ................................................................ 173
FoodCoin Ecosystem....................................................................................... 174
5.3.1.7.1
Company Overview ................................................................................................ 174
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5.3.1.5.2
5.3.1.7.1.1 Role of FoodCoin Ecosystem in the Global Blockchain in Agriculture and Food Market .......................................................................................................... 174 5.3.1.7.1.2 Product Portfolio ............................................................................................. 175 5.3.1.7.2
5.3.1.8
Strengths and Weaknesses of FoodCoin Ecosystem............................................ 175
Full Profile Pty Ltd............................................................................................ 176
5.3.1.8.1
Company Overview ................................................................................................ 176
5.3.1.8.1.1 Role of Full Profile Pty Ltd in the Global Blockchain in Agriculture and Food Market .......................................................................................................... 176 5.3.1.8.1.2 Product Portfolio ............................................................................................. 177 5.3.1.8.2
5.3.1.9
Strengths and Weaknesses of Full Profile Pty Ltd................................................. 177
IBM Corporation............................................................................................... 178
5.3.1.9.1
Company Overview ................................................................................................ 178
5.3.1.9.1.1 Role of IBM Corporation in the Global Blockchain in Agriculture and Food Market ................................................................................................................... 178 5.3.1.9.1.2 Product Portfolio ............................................................................................. 179 5.3.1.9.1.3 Key Developments.......................................................................................... 179 5.3.1.9.2
Strengths and Weaknesses of IBM Corporation.................................................... 180
5.3.1.10 Obook Holdings Inc. (OwlTing) ........................................................................ 181 5.3.1.10.1 Company Overview ................................................................................................ 181
Food Market .......................................................................................................... 181 5.3.1.10.1.2 Product Portfolio ............................................................................................. 182 5.3.1.10.1.3 Key Developments.......................................................................................... 182 5.3.1.10.2 Strengths and Weaknesses of Obook Holdings Inc. ............................................. 182
5.3.1.11 OriginTrail ........................................................................................................ 183 5.3.1.11.1 Company Overview ................................................................................................ 183 5.3.1.11.1.1 Role of OriginTrail in the Global Blockchain in Agriculture and Food Market ................................................................................................................... 183 5.3.1.11.1.2 Product Portfolio ............................................................................................. 183 5.3.1.11.1.3 Key Developments.......................................................................................... 184
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5.3.1.10.1.1 Role of Obook Holdings Inc. in the Global Blockchain in Agriculture and
5.3.1.11.2 Strengths and Weaknesses of OriginTrail ............................................................. 184
5.3.1.12 Project Provenance Ltd. .................................................................................. 185 5.3.1.12.1 Company Overview ................................................................................................ 185 5.3.1.12.1.1 Role of Project Provenance Ltd. in the Global Blockchain in Agriculture and Food Market ................................................................................................... 185 5.3.1.12.1.2 Product Portfolio ............................................................................................. 186 5.3.1.12.1.3 Key Developments.......................................................................................... 186 5.3.1.12.2 Strengths and Weaknesses of Project Provenance Ltd. ....................................... 186
5.3.1.13 Ripe Technology Inc. ....................................................................................... 187 5.3.1.13.1 Company Overview ................................................................................................ 187 5.3.1.13.1.1 Role of Ripe Technology Inc. in the Global Blockchain in Agriculture and Food Market .......................................................................................................... 187 5.3.1.13.1.2 Product Portfolio ............................................................................................. 188 5.3.1.13.1.3 Key Developments.......................................................................................... 188 5.3.1.13.2 Strengths and Weaknesses of Ripe Technology Inc. ............................................ 188
5.3.1.14 Microsoft Corporation ...................................................................................... 189 5.3.1.14.1 Company Overview ................................................................................................ 189 5.3.1.14.2 Role of Microsoft Corporation in Global Blockchain in Agriculture Market ............ 189 5.3.1.14.3 Product Portfolio..................................................................................................... 189
5.3.1.14.5 Strength and Weakness of Microsoft Corporation ................................................. 190
5.3.1.15 SAP SE ............................................................................................................ 191 5.3.1.15.1 Company Overview ................................................................................................ 191 5.3.1.15.2 Role of SAP SE in Global Blockchain in Agriculture Market .................................. 191 5.3.1.15.3 Product Portfolio..................................................................................................... 191 5.3.1.15.4 Key Development ................................................................................................... 192 5.3.1.15.5 Strengths and Weaknesses of SAP SE ................................................................. 192
5.3.1.16 TE-Food International GmbH........................................................................... 193 5.3.1.16.1 Company Overview ................................................................................................ 193
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Global Blockchain in Agriculture and Food Market
5.3.1.14.4 Key Development ................................................................................................... 190
5.3.1.16.1.1 Role of TE-Food International GmbH in the Global Blockchain in Agriculture and Food Market ................................................................................. 193 5.3.1.16.1.2 Product Portfolio ............................................................................................. 194 5.3.1.16.1.3 Key Developments.......................................................................................... 194 5.3.1.16.2 Strengths and Weaknesses of TE-Food International GmbH ............................... 194
5.3.2 Retailers Using Blockchain Technology ................................................. 195 5.3.2.1
Walmart ........................................................................................................... 195
5.3.2.1.1
5.3.2.2
Alibaba Group .................................................................................................. 196
5.3.2.2.1
5.3.2.3
Company Overview ................................................................................................ 195
Company Overview ................................................................................................ 196
The Kroger Co. ................................................................................................ 197
5.3.2.3.1
Company Overview ................................................................................................ 197
5.3.3 Food Processors Using Blockchain Technology ................................... 198 Nestle S.A. ....................................................................................................... 198
5.3.3.1.1
5.3.3.2
Tyson Foods Inc. ............................................................................................. 199
5.3.3.2.1
5.3.3.3
Company Overview ................................................................................................ 198
Company Overview ................................................................................................ 199
Danone ............................................................................................................ 200
5.3.3.3.1
Company Overview ................................................................................................ 200
5.3.4 Agricultural OEMs Using Blockchain Technology ................................. 201 5.3.4.1
Deere & Company ........................................................................................... 201
5.3.4.1.1
5.3.4.2
AGCO Corporation .......................................................................................... 202
5.3.4.2.1
5.3.4.3
Company Overview ................................................................................................ 201
Company Overview ................................................................................................ 202
CNH Industrial N.V. ......................................................................................... 203
5.3.4.3.1
Company Overview ................................................................................................ 203
5.3.5 Food Distributors Using Blockchain Technology .................................. 204 5.3.5.1
Sysco Corporation ........................................................................................... 204
5.3.5.1.1
Company Overview ................................................................................................ 204
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Global Blockchain in Agriculture and Food Market
5.3.3.1
5.3.5.2
McLane Company............................................................................................ 205
5.3.5.2.1
Company Overview ................................................................................................ 205
5.3.6 Agricultural Commodity Traders Using Blockchain Technology.......... 206 5.3.6.1
Louis Dreyfus Company B.V. ........................................................................... 206
5.3.6.1.1
5.3.6.2
Cargill Inc. ........................................................................................................ 207
5.3.6.2.1
5.3.6.3
Company Overview ................................................................................................ 208
Bunge Limited .................................................................................................. 209
5.3.6.4.1
6
Company Overview ................................................................................................ 207
Archer Daniels Midland Company ................................................................... 208
5.3.6.3.1
5.3.6.4
Company Overview ................................................................................................ 206
Company Overview ................................................................................................ 209
Research Methodology ............................................................ 210 6.1
Data Sources .................................................................................................. 210
6.1.1 Primary Data Sources ............................................................................... 210 6.1.2 Secondary Data Sources .......................................................................... 210 6.1.3 Data Triangulation ..................................................................................... 212 Market Estimation and Forecast ................................................................... 213
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Global Blockchain in Agriculture and Food Market
6.2
List of Figures Figure 1:
Global Blockchain in Agriculture and Food Market, $Million, 2020-2026
Figure 2:
Market Drivers and Challenges in Global Blockchain in Agriculture and Food Market
Figure 3:
Global Blockchain in Agriculture and Food Market (by Type), $Million, 2020 and 2026
Figure 4:
Global Blockchain in Agriculture and Food Market (by Organization), $Million, 2020 and 2026
Figure 5:
Global Blockchain in Agriculture and Food Market (by Stakeholder), $Million, 2020 and 2026
Figure 6:
Global Blockchain in Agriculture and Food Market (by Provider), $Million, 2020 and 2026
Figure 7:
Global Blockchain in Agriculture and Food Market (by Application), $Million, 2020 and 2026
Figure 8:
Global Blockchain in Agriculture and Food Market (by Region), $Million, 2020
Figure 9:
Global Blockchain in Agriculture and Food Market Coverage
Figure 10:
Blockchain in Agriculture and Food Supply Chain
Figure 11:
Global Blockchain in Agriculture and Food Market Ecosystem
Figure 12:
Share of Key Market Strategies and Developments, January 2018–November 2021
Figure 13:
Share of Key Market Strategies and Developments by Major Market Players, January 2018–
Figure 14:
Global Blockchain in Agriculture and Food Market (by Application)
Figure 15:
Features of Blockchain-Powered Supply Chain
Figure 16:
Benefits of Blockchain in Agriculture Finance
Figure 17:
Type of Finance Management Application
Figure 18:
Types of Data Management Applications
Figure 19:
Importance of Record Keeping
Figure 20:
Types of Blockchain in Agriculture and Food Market
Figure 21:
Global Blockchain in Agriculture and Food Market, (by Type), $Million, 2020-2026
Figure 22:
Public Blockchain Network
Figure 23:
Private Blockchain Network
Figure 24:
Hybrid Blockchain Network
Figure 25:
Advantages of Blockchain for Growers
Figure 26:
Blockchain for Food Manufacturers and Retailers
Figure 27:
Global Blockchain in Agriculture and Food Market (by Organization)
Figure 28:
Global Blockchain in Agriculture and Food Market (by Provider)
Figure 29:
Global Blockchain in Agriculture and Food Patent Trend (2005-2021) 19
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Global Blockchain in Agriculture and Food Market
November 2021
Figure 30:
Year-Wise Total Number of Patents for Global Blockchain in Agriculture and Food Market (January 2015-December 2021)
Figure 31:
Patent Analysis (by Status), January 2015-December 2021
Figure 32:
Year-Wise Total Patents Filed or Granted for Global Blockchain in Agriculture and Food
Figure 33:
Patents Analysis (by Organization), January 2015-December 2021
Figure 34:
Competitive Market High and Low Matrix
Figure 35:
Market Share Analysis of Blockchain in Agriculture and Food Companies, 2020
Figure 36:
Global Blockchain in Agriculture and Food Market: Research Methodology
Figure 37:
Data Triangulation
Figure 38:
Top-Down and Bottom-Up Approach
Figure 39:
Assumptions and Limitations
20 All rights reserved at BIS Research Inc.
Global Blockchain in Agriculture and Food Market
Market (January 2015-December 2021)
List of Tables Table 1:
Product Development (by Company), January 2018–November 2021
Table 2:
Partnership and Collaboration (by Company), January 2018–November 2021
Table 3:
Key Investments Made by Players Operating in the Global Blockchain in Agriculture and Food
Table 4:
Blockchain Products for Payment in Agriculture
Table 5:
Blockchain Products for Product Provenance Data in Agriculture
Table 6:
Global Blockchain in Agriculture and Food Market (by Application), $Million, 2020-2026
Table 7:
Global Blockchain in Agriculture and Food Market (by Type), $Million, 2020-2026
Table 8:
Global Blockchain in Agriculture and Food Market (by Stakeholder), $Million, 2020-2026
Table 9:
Large Enterprises Using Blockchain in their Operations
Table 10:
SMEs and their Initiatives Toward Blockchain Integration
Table 11:
Global Blockchain in Agriculture and Food Market (by Organization), $Million, 2020-2026
Table 12:
Product Offerings by Application and Solution Providers
Table 13:
Product Offerings by Middleware Provider
Table 14:
Product Offerings by Infrastructure and Protocol Provider
Table 15:
Global Blockchain in Agriculture and Food Market (by Provider), $Million, 2020-2026
Table 16:
Global Blockchain in Agriculture and Food Market (by Region), $Million, 2020-2026
Table 17:
North America Blockchain in Agriculture and Food Market (by Type), $Million, 2020-2026
Table 18:
North America Blockchain in Agriculture and Food Market (by Organization), $Million, 20202026
Table 19:
North America Blockchain in Agriculture and Food Market (by Stakeholder), $Million, 20202026
Table 20:
North America Blockchain in Agriculture and Food Market (by Provider), $Million, 2020-2026
Table 21:
North America Blockchain in Agriculture and Food Market (by Application), $Million, 20202026
Table 22:
North America Blockchain in Agriculture and Food Market (by Country), $Million, 2020-2026
Table 23:
Europe Blockchain in Agriculture and Food Market (by Type), $Million, 2020-2026
Table 24:
Europe Blockchain in Agriculture and Food Market (by Organization), $Million, 2020-2026
Table 25:
Europe Blockchain in Agriculture and Food Market (by Stakeholder), $Million, 2020-2026
Table 26:
Europe Blockchain in Agriculture and Food Market (by Provider), $Million, 2020-2026
Table 27:
Europe Blockchain in Agriculture and Food Market (by Application), $Million, 2020-2026 21
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Global Blockchain in Agriculture and Food Market
Market
Table 28:
Europe Blockchain in Agriculture and Food Market (by Country), $Million, 2020-2026
Table 29:
U.K. Blockchain in Agriculture and Food Market (by Type), $Million, 2020-2026
Table 30:
U.K. Blockchain in Agriculture and Food Market (by Organization), $Million, 2020-2026
Table 31:
U.K. Blockchain in Agriculture and Food Market (by Stakeholder), $Million, 2020-2026
Table 32:
U.K. Blockchain in Agriculture and Food Market (by Provider), $Million, 2020-2026
Table 33:
U.K. Blockchain in Agriculture and Food Market (by Application), $Million, 2020-2026
Table 34:
South America Blockchain in Agriculture and Food Market (by Type), $Million, 2020-2026
Table 35:
South America Blockchain in Agriculture and Food Market (by Organization), $Million, 20202026
Table 36:
South America Blockchain in Agriculture and Food Market (by Stakeholder), $Million, 20202026
Table 37:
South America Blockchain in Agriculture and Food Market (by Provider), $Million, 2020-2026
Table 38:
South America Blockchain in Agriculture and Food Market (by Application), $Million, 2020-
Table 39:
South America Blockchain in Agriculture and Food Market (by Country), $Million, 2020-2026
Table 40:
China Blockchain in Agriculture and Food Market (by Type), $Million, 2020-2026
Table 41:
China Blockchain in Agriculture and Food Market (by Organization), $Million, 2020-2026
Table 42:
China Blockchain in Agriculture and Food Market (by Stakeholder), $Million, 2020-2026
Table 43:
China Blockchain in Agriculture and Food Market (by Provider), $Million, 2020-2026
Table 44:
China Blockchain in Agriculture and Food Market (by Application), $Million, 2020-2026
Table 45:
Asia-Pacific Blockchain in Agriculture and Food Market (by Type), $Million, 2020-2026
Table 46:
Asia-Pacific Blockchain in Agriculture and Food Market (by Organization), $Million, 2020-2026
Table 47:
Asia-Pacific Blockchain in Agriculture and Food Market (by Stakeholder), $Million, 2020-2026
Table 48:
Asia-Pacific Blockchain in Agriculture and Food Market (by Provider), $Million, 2020-2026
Table 49:
Asia-Pacific Blockchain in Agriculture and Food Market (by Application), $Million, 2020-2026
Table 50:
Asia-Pacific Blockchain in Agriculture and Food Market (by Country), $Million, 2020-2026
Table 51:
Middle East and Africa Blockchain in Agriculture and Food Market (by Type), $Million, 20202026
Table 52:
Middle East and Africa Blockchain in Agriculture and Food Market (by Organization), $Million, 2020-2026
Table 53:
Middle East and Africa Blockchain in Agriculture and Food Market (by Stakeholder), $Million, 2020-2026
22 All rights reserved at BIS Research Inc.
Global Blockchain in Agriculture and Food Market
2026
Table 54:
Middle East and Africa Blockchain in Agriculture and Food Market (by Provider), $Million, 2020-2026
Table 55:
Middle East and Africa Blockchain in Agriculture and Food Market (by Application), $Million, 2020-2026
Table 56:
Middle East and Africa Blockchain in Agriculture and Food Market (by Country), $Million,
Table 57:
AgriChain Pty Ltd.: Product Portfolio
Table 58:
Ambrosus: Product Portfolio
Table 59:
Ambrosus: Key Developments
Table 60:
arc-net: Product Portfolio
Table 61:
arc-net: Key Developments
Table 62:
Bext 360: Product Portfolio
Table 63:
Bext 360: Key Developments
Table 64:
Coin 22: Product Portfolio
Table 65:
Filament: Product Portfolio
Table 66:
Filament: Key Developments
Table 67:
FoodCoin Ecosystem: Product Portfolio
Table 68:
Full Profile Pty Ltd: Product Portfolio
Table 69:
IBM Corporation: Product Portfolio
Table 70:
IBM Corporation: Key Developments
Table 71:
Obook Holdings Inc.: Product Portfolio
Table 72:
Obook Holdings Inc.: Key Developments
Table 73:
OriginTrail: Product Portfolio
Table 74:
OriginTrail: Key Developments
Table 75:
Project Provenance Ltd.: Product Portfolio
Table 76:
Project Provenance Ltd.: Key Developments
Table 77:
Ripe Technology Inc.: Product Portfolio
Table 78:
Ripe Technology Inc.: Key Developments
Table 79:
Microsoft Corporation: Product Portfolio
Table 80:
Microsoft Corporation: Key Developments
Table 81:
SAP SE: Product Portfolio
Table 82:
SAP SE: Key Developments
23 All rights reserved at BIS Research Inc.
Global Blockchain in Agriculture and Food Market
2020-2026
TE-Food International GmbH: Product Portfolio
Table 84:
TE-Food International GmbH: Key Developments
24 All rights reserved at BIS Research Inc.
Global Blockchain in Agriculture and Food Market
Table 83:
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