Enhancing traceability and trust in the sugarcane supply chain using a blockchain-based framework with smart contracts and tokenization.

Abstract

Sugarcane crop is used for making several eco-friendly food products, making it one of the most important crops in the world. Issues in how sugarcane gets from the field to the factory like hidden dealings and fake shortages, really hurt farmers' earnings and even national economies. The way things are currently managed varies a lot in openness, making it tough for authorities to catch illegal exports or guarantee farmers get paid fairly. To tackle these problems, this article suggests a new system built on blockchain technology. It is designed to make the sugarcane supply chain more traceable and trustworthy. We're introducing a special digital currency called Sugar Coin (SC) to follow transactions between everyone involved. Along with this, we have a full system for handling these transactions using smart contracts. We're also using something called Inter Planetary File Systems (IPFS) to securely store private information from farmers and retailers. This helps keep data safe and easily accessible. Tests show that our suggested framework works better than other supply chain projects when it comes to how quickly blocks are processed, how many transactions it can handle, and the costs involved. This research makes the sugarcane world more reliable and open, and it also suggests a lasting economic plan by launching SugarCoin through something called an Initial Coin Offering (ICO).