Towards trust enabled commodity market for farmers with Blockchain smart contracts

Malni Kumarathunga; Rodrigo Calheiros; Athula Ginige

doi:10.1145/3399871.3399891

Towards trust enabled commodity market for farmers with Blockchain smart contracts

Malni Kumarathunga, Rodrigo Calheiros, Athula Ginige

Western Sydney University

Research output: Chapter in Book / Conference Paper › Conference Paper › peer-review

7 Citations (Scopus)

Abstract

This paper presents a conceptual model for an online agricultural commodity market that empowers farmers with a better price determination mechanism through collective marketing and Blockchain smart contracts. The model makes collective marketing possible by generating Many-one-Many relationships between farmers, farmers' groups, and buyers. While collective marketing improves farmers' bargaining position leading to higher rates, trust enabled by Blockchain smart contracts facilitates farmers to establish deals with buyers who offer the best rate transforming the commodity market into a sustainable market.

Original language	English
Title of host publication	Proceedings of the 2020 Asia Service Sciences and Software Engineering Conference (ASSE 2020), May 13-15, 2020, Nagoya, Japan
Publisher	Association for Computing Machinery
Pages	75-82
Number of pages	8
ISBN (Print)	9781450377102
DOIs	https://doi.org/10.1145/3399871.3399891
Publication status	Published - 13 May 2020
Event	Asia Service Sciences and Software Engineering Conference - Duration: 13 May 2020 → …

Conference

Conference	Asia Service Sciences and Software Engineering Conference
Period	13/05/20 → …

Bibliographical note

Publisher Copyright:
© 2020 ACM.

Keywords

agriculture
blockchains (databases)
marketing
smart contracts

Access to Document

10.1145/3399871.3399891

Cite this

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title = "Towards trust enabled commodity market for farmers with Blockchain smart contracts",

abstract = "This paper presents a conceptual model for an online agricultural commodity market that empowers farmers with a better price determination mechanism through collective marketing and Blockchain smart contracts. The model makes collective marketing possible by generating Many-one-Many relationships between farmers, farmers' groups, and buyers. While collective marketing improves farmers' bargaining position leading to higher rates, trust enabled by Blockchain smart contracts facilitates farmers to establish deals with buyers who offer the best rate transforming the commodity market into a sustainable market.",

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author = "Malni Kumarathunga and Rodrigo Calheiros and Athula Ginige",

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doi = "10.1145/3399871.3399891",

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Kumarathunga, M, Calheiros, R & Ginige, A 2020, Towards trust enabled commodity market for farmers with Blockchain smart contracts. in Proceedings of the 2020 Asia Service Sciences and Software Engineering Conference (ASSE 2020), May 13-15, 2020, Nagoya, Japan. Association for Computing Machinery, pp. 75-82, Asia Service Sciences and Software Engineering Conference, 13/05/20. https://doi.org/10.1145/3399871.3399891

Towards trust enabled commodity market for farmers with Blockchain smart contracts. / Kumarathunga, Malni; Calheiros, Rodrigo ; Ginige, Athula.
Proceedings of the 2020 Asia Service Sciences and Software Engineering Conference (ASSE 2020), May 13-15, 2020, Nagoya, Japan. Association for Computing Machinery, 2020. p. 75-82.

Research output: Chapter in Book / Conference Paper › Conference Paper › peer-review

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N2 - This paper presents a conceptual model for an online agricultural commodity market that empowers farmers with a better price determination mechanism through collective marketing and Blockchain smart contracts. The model makes collective marketing possible by generating Many-one-Many relationships between farmers, farmers' groups, and buyers. While collective marketing improves farmers' bargaining position leading to higher rates, trust enabled by Blockchain smart contracts facilitates farmers to establish deals with buyers who offer the best rate transforming the commodity market into a sustainable market.

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KW - blockchains (databases)

KW - marketing

KW - smart contracts

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Towards trust enabled commodity market for farmers with Blockchain smart contracts

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