AgriChain
Agriculture‘s Activities as Nodes on Blockchain
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Digital Transformation
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Digital Decentralization
Decentralization is a growing trend in the digital age, and it has the potential to transform many industries. Here are some of the key benefits of decentralization:
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- Increased Security: Decentralized systems are more secure because they are not controlled by a single entity. In a centralized system, a single point of failure can lead to a catastrophic breach. Decentralization reduces this risk by distributing data and controls across a network.
- Improved Transparency: Decentralized systems are transparent because the data is stored on a public ledger that is accessible to everyone. This makes it easier to audit and verify transactions.
- Increased Efficiency: Decentralized systems can be more efficient because they eliminate the need for intermediaries. This can result in faster and cheaper transactions.
- More Democratic: Decentralization gives more power to individuals and communities, instead of centralized authorities. This can lead to a more democratic and equitable society.
- Innovation: Decentralization enables new types of applications and business models that were not possible with centralized systems. This can lead to innovation and new economic opportunities.
Decentralized Artificial Intelligence
Decentralized Artificial Intelligence (DAI) is a type of AI system that utilizes Blockchain technology to store and process data. In a DAI system, decision-making processes are decentralized and based on consensus among multiple nodes instead of being controlled by a single central authority. This approach provides a more secure, transparent, and trustworthy alternative to traditional AI systems.
Decentralized Networks and Distributed Computing Power
Blockchain-based artificial intelligence, or decentralized AI projects, benefit from the openness and traceability of the shared ledger. This is because open Blockchain networks are publicly verifiable by anyone.
Decentralization can lead to increased innovation. In a centralized system, only a single entity is responsible for development and decision-making. However, in a decentralized system, many different entities can contribute to the development and improvement of the AI system, leading to a wider range of perspectives and more innovation.
Enhanced Data Privacy and Security
A blockchain-based artificial intelligence technology is more transparent than a closed AI system. Blockchains encrypt data so that only authorized users can access it. This prevents unauthorized parties from viewing anything. This also makes it easier to detect and prevent attacks, as any anomalies can be detected and addressed quickly by multiple nodes.
A decentralized AI system’s increased security can have a significant impact on the Metaverse. Blockchain technology’s transparency and accountability can aid in the development of trust between users and virtual entities in the Metaverse.
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Decentralized Internet of Things
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Decentralized Cloud Computing
The decentralized cloud also harnesses the power of edge computing by moving processes and storage to the device at the edge of the network. In an ideal world, the fully decentralized cloud is an architecture where every edge device can function as a cloud server. Edge devices have their own cloud functionality for remote access, sharing, streaming, collaboration and file management. They can process data locally, communicate with one another directly and share resources freely.
There are many advantages of a decentralized cloud. First, edge computing makes the decentralized cloud faster, more efficient and more scalable. Localization provides close physical proximity to the server, so the required computing resources are quickly accessible.
Second, the decentralized cloud is more costefficient because it leverages unused computing resources.
Third, the decentralized cloud is more reliable. The redundancy across multiple nodes adds protection to ensure data integrity in case of an error in the storage or transmission of data and to prevent data loss.
Fourth, decentralization provides better security and privacy. Data are kept locally behind a firewall to protect their privacy and prevent exfiltration. Data are not duplicated to third-party servers or secondary locations. Thus, the risk of data compromise is reduced.
In the decentralized cloud, end-to-end encryption is standard, making security much stronger. Each piece of data is only a small portion of the whole, so even if one piece of data is hacked, the whole is not compromised. In addition, each piece of data is encrypted locally before it is uploaded and spread out to uncorrelated nodes across the cloud. Only the user has access to the encryption keys, making it virtually impossible for data to be compromised or stolen.
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Decentralized E-Commerce
Decentralized e-commerce is a new and innovative way of conducting online transactions. It is based on the concept of decentralization, which eliminates the need for intermediaries, creating a direct connection between buyers and sellers. This is made possible through the use of blockchain technology and smart contracts, which allow users to process transactions without any centralized control, which charges high fees and can also block the transactions.
Decentralized e-commerce includes several categories such as electronic data interchange (EDI), electronic funds transfer (EFT), e-trade, e-cash, e-marketing, e-banking, and e-insurance.
Decentralized e-commerce has several advantages over centralized e-commerce. It prevents problems such as huge fees for working on trading platforms, cases of loss of consumers’ personal data, and unfair processing of transactions. The Barter Smartplace platform is a decentralized exchange for all types of NFTs, providing users with the opportunity to tokenize real and digital assets and place them on the exchange for barter, auction, or direct sale.
Decentralized e-commerce is a promising development in the world of online transactions, and it will be interesting to see how it evolves in the future.
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Decentralized Big Data
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Fair Agriculture
Avoid Data Bias
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Safety & Traceability
The blockchain technology allows peer-to-peer transactions to take place transparently and without the need for an intermediary like a bank (such as for cryptocurrencies) or a middleman in the agriculture sector. By eliminating the need for a central authority, the technology changes the way that trust is granted – instead of trusting an authority, trust is placed in cryptography and peer-to-peer architecture. It thus helps restore the trust between producers and consumers, which can reduce the transaction costs in the agri-food market.
The blockchain technology offers a reliable approach of tracing transactions between anonymous participants. Fraud and malfunctions can thus be detected quickly. Moreover, problems can be reported in real-time by incorporating smart contracts. This helps address the challenge of tracking products in the wide-reaching supply chain due to the complexity of the agri-food system. The technology thus provides solutions to issues of food quality and safety, which are highly concerned by consumers, government, etc.
The blockchain technology provides transparency among all involved parties and facilitates the collection of reliable data. Blockchain can record every step in a product’s value chain, ranging a product’s creation to its death. The reliable data of the farming process are highly valuable for developing data-driven facilities and insurance solutions for making farming smarter and less vulnerable.
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Under Development
Agriculture use AI installed Robots, connect as IoT, process Big-Data, stored in Cloud,
go to E-Commerce, as node on Blockchain