Trustworthy And Transparent Double Auction Platform For Fresh Agricultural Commodities

Abstract

Agricultural Trading Systems Often Lack Transparency And Are Heavily Dependent On Intermediaries, Leading To Unfair Pricing And Inefficiencies. Farmers Frequently Struggle To Obtain A Fair Price For Their Produce, While Buyers Face Inconsistent Pricing And Delays. This Project Introduces A Secure And Transparent Double Auction Platform Designed Specifically For Fresh Agricultural Commodities. The System Allows Farmers And Buyers To Interact Directly Through An Online Marketplace. A Double Auction Mechanism Is Used To Determine Fair Prices Based On Real-time Supply And Demand. To Ensure Security And Trust, Blockchain Technology And Cryptographic Methods Are Incorporated. These Technologies Help Maintain Tamper-proof Records And Protect Transaction Data. Overall, The System Minimizes The Role Of Intermediaries, Enhances Pricing Transparency, And Improves The Efficiency Of Agricultural Trading.

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