IncentiveChain: Blockchain Crypto-Incentive for Effective Usage of Power and Water in Smart Farming

Abstract

This paper discusses how agriculture has become one of the prime reasons for the wastage of energy and water during food production. In order to control the use of resources in farming, we introduce a novel concept called IncentiveChain. The application idea is to distribute crypto ether as a reward to the farmers because they play key roles in keeping a check on resource usage and can benefit through these schemes economically. We provide a state-of-the-art architecture and design, which includes participation from national agricultural departments and local regional utility companies to embed various technologies and data together to make the IncentiveChain application practical. We have successfully implemented IncentiveChain to show the transfer of ether from utility company accounts to farmer accounts and the currency being collected by the farmer in a more secure way using the blockchain, removing third-party vulnerabilities.