In a review recently published in the open-access journal Applied Sciences, researchers presented a systematic literature review of blockchain applications in forestry. Source: AZO Materials
The application of blockchain technology is increasing steadily, with Bitcoin being the most well-known example. Indeed, until recently, the fast-increasing value of cryptocurrencies and huge investments in financial service blockchain businesses sparked interest in blockchain technology.
However, as the technology has progressed, more emphasis has been paid to how this distributed ledger technology can be applied to different applications in a variety of industries. The blockchain applications in forestry have not been thoroughly examined to date.
In this study, the authors evaluated published research on blockchain-based forestry applications. Based on content analysis, a systematic review was conducted to identify, analyse, and discuss current literature on current blockchain applications proposed or deployed in the forestry sector. The results were divided into three domains: forest management, forest fire detection, and traceability of forest-based products. The focus was on the benefits, limitations, and prospects of blockchain applications in the forestry industry.
For managers, consultants, and practitioners interested in forestry, the researchers provided insights into a comprehensive understanding of blockchain applications. The current blockchain-based forestry applications, the utility of blockchain technology in the forestry industry, and the benefits, challenges, and prospects of blockchain applications that have been implemented in forestry were shown. A research agenda was also proposed on related subjects for scholars to investigate further, based on content evaluations of current literature.
Blockchain was mentioned in nine publications (42%) as a potential tool for reducing or exposing illegal logging/timber trading. The majority of blockchain applications were centred on forest management and traceability. A total of 570 items were found in four reliable databases. Several studies suggested that blockchain technology could enhance buyer trust in wood products, reduce illegal logging, promote sustainable forestry, and preserve tree species biodiversity.
Some studies also revealed that little research had been done on the risks and challenges of blockchain adoption in the forestry industry. Because blockchain adoption necessitated cryptography and smart contract professionals, the blockchain was relatively sophisticated and difficult to utilize in forestry.
In conclusion, this study elucidated the current state of blockchain technology in forestry. A systematic review strategy was used to accomplish the research goals. The findings of the study demonstrated that blockchain has a lot of potential in sustainable forestry, maintaining biodiversity, reducing illicit logging, and a lot of other forestry-related sectors.
It also demonstrated that blockchain in forestry is still in its infancy and is difficult to implement, as it necessitates the involvement of experts. The benefits, constraints, and opportunities that blockchain presents to forestry were highlighted.
The authors mentioned that managers and practitioners interested in implementing blockchain in the forestry sector should think about the risk of data leaks and cyber-attack. They also believe that future research areas could concentrate on blockchain adoption in forestry businesses, blockchain security risks, and blockchain-based internet of things (IoT) systems in forestry.
He, Z., Turner, P., Blockchain Applications in Forestry: A Systematic Literature Review. Applied Sciences 12(8) 3723 (2022). https://www.mdpi.com/2076-3417/12/8/3723
