IncentiveChain: Adequate Power and Water Usage in Smart Farming Through Diffusion of Blockchain Crypto-Ether

The recent advancements in blockchain technology have also expanded its applications to smart agricultural fields, leading to increased research and studies in areas such as supply chain traceability systems and insurance systems. Policies and reward systems built on top of centralized systems face several problems and issues, including data integrity issues, modifications in data readings, third-party banking vulnerabilities, and central point failures. The current paper discusses how farming is becoming a leading cause of water and electricity wastage and introduces a novel idea called IncentiveChain. To keep a limit on the usage of resources in farming, we implemented an application for distributing cryptocurrency to the producers, as the farmers are responsible for the activities in farming fields. Launching incentive schemes can benefit farmers economically and attract more interest and attention. We provide a state-of-the-art architecture and design through distributed storage, which will include using edge points and various technologies affiliated with national agricultural departments and regional utility companies to make IncentiveChain practical. We successfully demonstrate the execution of the IncentiveChain application by transferring crypto-ether from utility company accounts to farmer accounts in a decentralized system application. With this system, the ether is distributed to the farmer more securely using the blockchain, which in turn removes third-party banking vulnerabilities and central, cloud, and blockchain constraints and adds data trust and authenticity.