ISSN 2413-2322 (Online)

ISSN 2221-1055 (Print)

UDS: 004.9:631.1
Інноваційна діяльність та інтелектуальний капітал

Prospects for using “blockchain” technology in agriculture / Hrybyniuk O.M., Dukhnytskyi B.V., Sheremet O.O. // Ekonomika APK. - 2018. - № 3 - P. 75

The purpose of the article is to study the key characteristics of modern information technologies for their practical use in domestic agricultural production and trade. Research methodology. In the research process the following methods have been used: theoretical generalization, analysis and synthesis, comparative evaluation, graphical. Research results. The mechanism of functioning and features of the newest Internet-technologies for business has been considered, and their practical significance has been investigated for optimization relations between seller and buyer. There have been given advantages of “blockchain” technology for all market participants while using it in supplying of agricultural products, which allows to confirm the authenticity of origin and qualitative characteristics of products. Possible difficulties and disadvantages of existing information system content have been identified, provided recommendations for ”blockchain” technology and its evaluation for domestic producers of agricultural products. Elements of scientific novelty. Scientific novelty of the article lies in the proposed mechanism of “blockchain” technology in Ukrainian agriculture, which will change the existing practice of trading and settlement transactions between contractors on agrarian market. Practical significance. The scientific article is aimed at promoting development of a nationwide program for the Internet-technology usage in domestic agricultural production and trade, which will accelerate the interaction process between market participants, increase the economic efficiency of operations in agriculture and reduce the dependence on the use of intermediary services. Figs.: 1. Refs.: 11.
Key words: agrarian economy, Internet-technologies, food, agriculture, forecast, market, development


  1. Блокчейн: революция в агросекторе или авантюра? URL : (дата звернення: 20 лютого 2017).
  2. Богуцький О. М. Аспекти практичної реалiзацiї криптовалюти Ethereum. Теоретичнi i прикладнi проблеми фiзики, математики та інформатики.: зб. тез XV Всеукр. наук.-практ. конф. Київ : ВПI ВПК «Полiтехнiка», 2017. С. 94-95.
  3. Дубін А. Створення свого блокчейн на мові програмування Python. URL : (дата звернення: 10 січня 2018).
  4. Blockchain for Agriculture and Food / Brewster C., Ge L., Spek J., Smeenk A., Top J. Wageningen Economic Research REPORT 2017-112. Wageningen. 2017. 38 р.
  5. Buterin V. A next-generation smart contract and decentralized application platform. Ethereum White Paper. 2014. URL : _paper_а_next_generation_smart_contract_and_decentralized_application_platform-vitalik-buterin.pdf (дата звернення: 14 грудня 2017).
  6. Carlo R. W. De Meijer. Blockchain: can it be of help for the agricultural industry? URL : blogposting/13286/blockchain-can-it-be-of-help-for-the-agricultural-industry (дата звернення: 12 грудня 2017).
  7. Ethereum Project. Create a digital greeter. URL : (дата звернення: 22 грудня 2017).
  8. Identifying practical applications of Blockchain technology in the agriculture sector. URL: practical-applications-of-blockchain-technology/sectors/agriculture/ (дата звернення: 21 грудня 2017).
  9. Impacts of the Global Financial and Economic Crisis Upon the Agro-Fud Sector of Ukraine’s Economy / Kobets, M., Artushin, V., Sikachyna, O., et al. Economics and Rural Development. 2011. N 1. P. 7-17.
  10. Pugachov M. Agricultural reform: an impact assessment. Barometer of Change. 2014. N 7. 28 p.
  11. The Blockchain of Food. URL : sites/themixingbowl/2017/10/23/the-blockchain-of-food/ #27b9016b775f (дата звернення: 22 грудня 2017).
Read article: eapk_2018_03_p_75_81.pdf