- Blockchain is embraced by the food industry for its ability to provide transparency into the supply chain
- Cambodian rice farmers can now use BlocRice – a paddy-to-consumer traceability system
- The project forms part of the wider agritech movement, which is helping to bring the farming sector into the digital age
While the technology is in many ways still nascent, it seems already that only a small few of the world’s commodities have yet to be traded using blockchain.
Most of these dalliances seem to peter out quickly, but there are a small number of cases where perseverance and commitment has seen the potential of small blockchain projects begin to flourish.
Agriculture, led by rice production, comprises around one-third of Cambodia’s GDP and it employs 80% of the population, according to the International Finance Corporation. Rice plays such an important role in the country’s economy that Cambodia’s Prime Minister has even referred to the commodity as ‘white gold’.
Playing such an integral part in the country’s economy and the sustenance of its citizens, it’s no surprise that steps are being made to ensure that producers are being paid fairly and that origins can be traced back to source.
Amru Rice is one of Cambodia’s leading rice exporters and has been developing its BlocRice technology project since April 2018. The company has been rapidly scaling up the platform from 50 household farmers to one that now comprises 500 across two communities.
The goal of BlocRice is to ensure farmers can sell their product at a higher price and that the country’s main food sources can be identified.
Since its original pilot less than two years ago, the platform has become commercially viable, assigning digital identities to individual farmers, and ensuring their goods can be tracked from rice paddies all the way to the consumer. It seeks to give farmers a ‘voice’ in…