Schuttelaar & Partners (SP), a Brussels-based firm that claims to be centred on creating a balanced, wholesome, and sustainable food ecosystem, has combined forces with Amru Rice, a notable exporter of rice Cambodia.
The business is directed at utilizing categorized ledger technology (DLT) to track the complete rice supply chain, while also building plans that could enhance the standard of living of rice growers, according to reports last August 5th.
Rice on the Blockchain
In a bid to foster clarity in the Cambodian rice production, and put benchmarks in place to mitigate the difficulties of farmers in the region, Schuttelaar and Partners (SP) and Amru Rice are colluding on a blockchain project dubbed BlocRice.
Per references close to the development, the team brought out a keen blockchain pilot for BlocRice earlier in 2018 and upscaled the platform in 2019 to accommodate more farmers and equip members with immediate access to consumers.
Distinctly, the BlocRice project is intended to significantly enhance Cambodian rice farmers’ livelihoods and make it feasible for them to live within the aspired returns benchmark of more or less about US$5,300
Making sure it Works
Amru Rice plans to develop three blockchain-based applications to handle supply chain traceability, logistics, sales, and more.
Specifically, the first BlocRice DLT app will enable farmers to bypass the middlemen and sell their products directly to online sellers. Farmers will also be able to trace their yields and accomplishment via the app.
The team says the other blockchain app will help farmers take care of their logistics, product tracing, and trade forecasts seamlessly, while the third app will concentrate on supply chain clearness.
The app will allow customers to view the complete product life cycle and the specific product prices for each trade within all items in the supply chain.
What’s better is that to understand poverty among Cambodian rice farmers, the team says it intends to enhance the amount growers earn from their rice, plus other farms produce, while also advancing intercropping techniques for more reliable agricultural yields.
While blockchain technology is noticing massive approval in the global economy’s financial division, numerous participants have also embraced the burgeoning technology for supply chain traceability.
Earlier in June 2020, BTCManager notified J.M. Smucker, a top U.S. coffee manufacturer, has blended DLT into its coffee supply chain.