A blockchain and machine learning based IoT framework to improve contract farming

Abstract

Farming sector forms a major part of the Indian economy. It makes a contribution of about 14% to the Gross Domestic Product (GDP) of the country. Despite holding such an essential place in the Indian economy, this sector has seen very little technology penetration. The farmers have been plagued with poor economic conditions. Contract Farming is seen as a viable solution for this problem, as it involves tie-up of corporate firms with farmers, which comes with its many benefits. In this work, we focus on facilitating Contract Farming so that both the firm and the farmer can reap benefits. Using Blockchain, IoT and Machine Learning techniques, we make it feasible for a corporate firm to supervise a farming operation according to specific needs while safeguarding the farmer from unfair exploitation.