Tea Board of India to Adopt Blockchain Technology for Tea Traceability

Asia Blockchain Review
December 11, 2019

International companies and an Indian bank have expressed their interest in a call by the Tea Board of India to adopt blockchain technology for tea traceability.

Seeking Blockchain Solutions for the Industry

In October 2019, the Tea Board of India released an expression of interest (EoI) calling on firms to develop end-to-end traceability solution for tea traceability that would utilize blockchain and other technologies, according to Ledger Insights.

Since then, India’s Yes Bank as well as international companies such as Amazon and Infosys have demonstrated interest in the Tea Board’s request, with the Tea Board expected to soon award a contract for the blockchain traceability project. 

Promoting Competitiveness for Indian Tea

Today, India is recognized as the second-largest tea producer in the world. However, the industry has been encountering sustainability issues as tea prices have remained the same for the past few years, while production costs have gone up.

Arun Kumar Ray, Deputy Chairman of the Tea Board, disclosed that the board is looking for solutions which will enable stakeholders to trace the origins of loose leaf traditional teas and orthodox tea blends in order to allow farmers to generate more income.

“If this [stagnating price] situation continues, the labourers will go away and fine plucking, for which India is famous, will not exist,” Ray said in an interview with the Economic Times.

Relying on Blockchain for the Tea Supply Chain

The Indian government has been proactively supporting blockchain development, with the Ministry of Electronics and Information Technology recently announcing its initiative for a national level blockchain framework.

The Coffee Board of India is already utilizing blockchain to track its coffee supply with 30,000 registered farmers participating in the program.

Source: https://www.ledgerinsights.com

About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    Experts Anticipate Asia to Lead Crypto Development in 2020
    Influencers, experts, and leaders in the crypto industry have voiced that Asian nations will likely ...

    January 22, 2020

    Takasbank Launches Blockchain-Powered Gold Transfer Platform in Turkey
    Turkey's Istanbul Clearing, Settlement and Custody Bank (Takasbank) has launched a blockchain-powere...

    January 22, 2020

    Driving Scientific Studies with Blockchain Technology
    Experts have suggested that blockchain technology can help drive scientific research in many areas b...

    January 21, 2020

    Building Blockchain Solutions for Businesses in 2020
    With numerous developments in the blockchain industry in 2019, enterprise blockchain solutions could...

    January 20, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us