DECENTRALIZED SYSTEM BASED ON BLOCKCHANE TECHNOLOGY FOR DECISION MAKING IN THE AGRICULTURAL SECTOR

Abstract

The article considers and investigates the system of decision making in the production processes of an agricultural enterprise. In dynamic conditions of decision-making and operational adjustments, a methodology of operational analysis of the current situation is needed to obtain the necessary results. Decentralized blockchain-based systems are the most promising for doing business. Usage areas of decentralized systems are production and logistics. Globalized production and distribution of agricultural tasks have brought a new milestone in the development and optimization of existing systems. The growing number of issues related to the optimization of internal processes in enterprises, has caused an urgent need for an effective solution to process tracking, which serves as an important tool for quality management and provides adequate protection of the process in the agricultural production chain. Blockchain is one of the main technologies that can provide innovative solutions for tracking agricultural products and food supply chains. Modern agricultural supply chains are a complex ecosystem that includes a number of stakeholders and therefore complicates the verification of important criteria: country of origin, stages of crop development, compliance with quality standards, yield monitoring. Ethereum Smart Contracts can effectively monitor and seamlessly integrate business operations and workflows for a stable supply of agricultural products. The agricultural sector has great potential for modernization and optimization of production, which in general can be a breakthrough for the economy as a whole. It is thanks to him that the country receives a significant flow of currency. After the abolition of tariffs restricting the supply of products to Europe, new markets were opened for production. Demand for agricultural products is high and by modernizing the management system, we will be able to get even better results. Also, the involvement of information technology provides good conditions for productive and confident development of small and medium-sized agricultural enterprises and farms. For example, blockchain technology will provide access to new markets and reduce the bureaucratic burden on the company, simplify communication with suppliers and customers.