Conference Paper

Tokenization of Real World Assets: An Agricultural Token System Implementation Based on Blockchain Architecture

Volume: 2 Number: 1 July 14, 2025
EN TR

Tokenization of Real World Assets: An Agricultural Token System Implementation Based on Blockchain Architecture

Abstract

In this study, the systematic flow of smart contracts within the blockchain structure to provide pragmatic solutions to real-world problems was examined through an application. In the study, the Agricultural Token System application developed with smart contracts designed within web technologies and blockchain network, and the tokenization of agricultural products in the blockchain network and their conversion into financial value within the tokenization of real world assets are explained. The aim of this study with the Agriculture Token System is to create a new financial asset class using commodity tokens based on agricultural commodities, starting with wheat, and smart contracts within the blockchain architecture. The goal of tokenizing real-world assets is to create a new blockchain-based agricultural global marketplace and to adapt the transparent and decentralized value transfer opportunities provided by blockchain technology to the agricultural industry. With the agricultural Commodity Tokens produced with the Agricultural Token System, investment in agricultural products is spread to the base, paving the way for anyone in our country and anywhere in the world to invest in agricultural products in any amount they want, 24/7. Thus, by increasing the number of agricultural commodity investors and spreading them to the base, a more fair, participatory and democratic formation of agricultural product prices is ensured.

Keywords

Blockchain , Blockchain Technology , Smart Contract , Token , Tokenization , Agriculture

References

  1. Aslaner, B. (2022). Kurumcu iktisat okulu perspektifinden blokzinciri teknolojisinin anlamı. Doktora tezi, İstanbul Üniversitesi, Sosyal Bilimler Enstitüsü. Tez No: 732656.
  2. Atzei, N., Bartoletti, M., Cimoli, T., Lande, S., & Zunino, R. (2018). SoK: Unraveling Bitcoin smart contracts. In L. Bauer & R. Küsters (Eds.), Principles of security and trust (pp. 217–242). Springer International Publishing.
  3. Bashir, I. (2017). Mastering blockchain. Packt Publishing Limited.
  4. Buterin, V. (2018). Ethereum whitepaper. GitHub. https://github.com/ethereum/wiki
  5. Dorri, A., Kanhere, S. S., Jurdak, R., & Gauravaram, P. (2017). Blockchain for IoT security and privacy: The case study of a smart home. In 2017 IEEE International Conference on Pervasive Computing and Communications Workshops (PerCom Workshops) (pp. 618–623). IEEE. https://doi.org/10.1109/PerComWorkshops.2017.91
  6. Christidis, K., & Devetsikiotis, M. (2016). Blockchains and smart contracts for the Internet of Things. IEEE Access, 4, 2292–2303. https://doi.org/10.1109/ACCESS.2016.2566339
  7. Gerdan, G. (2019). Blokzincir teknolojisiyle gıda güvenliği ve yumurta sektörü için örnek bir uygulama. Yüksek lisans tezi, Marmara Üniversitesi, Sosyal Bilimler Enstitüsü, Gazetecilik Ana Bilim Dalı, Bilişim Bilim Dalı. Tez No: 549450.
  8. Hughes, L., Dwivedi, Y. K., Misra, S. K., Rana, N. P., Raghavan, V., & Akella, V. (2019). Blockchain research, practice and policy: Applications, benefits, limitations, emerging research themes and research agenda. International Journal of Information Management, 49, 114–129. https://doi.org/10.1016/j.ijinfomgt.2019.02.005
  9. Kakavand, H., Kost De Sevres, N., & Chilton, B. (2024). The blockchain revolution: An analysis of regulation and technology related to distributed ledger technologies. SSRN. https://ssrn.com/abstract=2849251
  10. Karafiloski, E., & Mishey, A. (2017). Blockchain solutions for big data challenges. In IEEE EUROCON 2017-17th International Conference on Smart Technologies (pp. 123–128). IEEE. https://doi.org/10.1109/EUROCON.2017.8572338
APA
Aksoy, D. M., & Ecevit Satı, Z. (2025). Tokenization of Real World Assets: An Agricultural Token System Implementation Based on Blockchain Architecture. Uygulamalı Mühendislik Ve Tarım Dergisi, 2(1), 24-32. https://izlik.org/JA44RZ25YP