Asymmetric information is prevalent in the grain and oilseed markets. This paper demonstrates the benefits of blockchain technology to mitigate asymmetric information about the soybean's protein quality between sellers and buyers. We use decision trees to model information asymmetry under both conventional and blockchain scenarios. The results suggest that asymmetric information can be mitigated with a blockchain, resulting in substantial premiums (40–60 cents per bushel of soybeans). These results could have significant implications for the grain and oilseed industry in order to decrease transaction costs, to improve market efficiency, and to prioritize strategies for the procurement of soybeans.

中文翻译：

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大豆商品市场中的不对称信息和区块链

不对称信息在谷物和油籽市场普遍存在。本文展示了区块链技术在减轻买卖双方之间关于大豆蛋白质质量的不对称信息方面的好处。我们使用决策树来模拟传统和区块链场景下的信息不对称。结果表明，可以通过区块链缓解不对称信息，从而产生可观的溢价（每蒲式耳大豆 40 至 60 美分）。这些结果可能对粮食和油籽行业产生重大影响，以降低交易成本，提高市场效率，并优先考虑大豆采购战略。