The use of blockchain as a digital tool in the development of organic agriculture in Republic of Serbia

Jovanović Todorović, Marijana and Marina, Irina (2024) The use of blockchain as a digital tool in the development of organic agriculture in Republic of Serbia. In: 2. International Scientific Conference Challenges of Digitalization in the Business World: proceedings. Alfa BK University, Belgrade, pp. 74-83. ISBN 978-86-6461-068-1

Text Todorović Jovanović, Marina - Alfa BK (2024).pdf - Published Version Available under License Creative Commons Attribution Non-commercial No Derivatives. Download (425kB)

Abstract

The aim of this paper is to present the Blockchain technology as a digital tool that can be used in the development of organic production at the level of the Republic of Serbia. Although blockchain is used in cryptocurrencies, according to data from the EU in previous years it has been successfully applied in the food supply chain. In the Republic of Serbia, the area under organic agriculture amounts to 0.5%, while in the territory of the EU 15, that area is significantly larger and amounts to 18.6%. Non-transparency, high administration and certification costs, and short trust of end customers are the main culprits for the slow expansion of organic agriculture. This can be changed by using Blockchain technology through the creation of electronic databases with the possibility of easy access to all stages of organic production. Control of organic farming will be facilitated and improved, ultimately resulting in a transparent market for organic products in which consumers have full confidence.

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