Thailand Developing Blockchain-Based System to Monitor Quality of Agro Exports

Asia Blockchain Review
December 4, 2019

Thailand’s Trade Policy and Strategy Office (TPSO) is set to launch a blockchain-based project for agricultural exports. 

Around 5,000 farmers in the northeastern province of Surin will participate in the project, which will monitor the export quality of agricultural products.

Collaboration with Blockchain Experts, Financial Institutions

TPOS Director-General Pimchanok Vonkorpon said the project will officially start as soon as budget allocations for fiscal year 2020 are provided, and the office will hold discussions with blockchain experts, relevant authorities and financial institutions. 

“We expect that the project will start in the middle of the next year, and if successful, we will extend it to other agricultural products,” Pimchanok said in her official statement. “We have already talked to farmers and some 5,000 growers from Surin province will participate in the project.”

Using Blockchain to Ensure that Crops Meet Export Standards

The blockchain system will deploy a camera in the paddy fields to track the growth of the crops. The system helps to ensure that the crops are grown organically and the place of cultivation is displayed on the package.

The system will also assure farmers that their crops will not be rejected on grounds of adulteration while expanding opportunities in the global market for them. The value of Thai agricultural exports is expected to increase with the utilization of blockchain for the sector, according to Pimchanok.

Thailand is a leading producer of organic rice with 16,500 tons exported in 2018.

Source: www.cryptonewsz.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
    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

    Ernst & Young Forges Ahead with Public Blockchain
    While many organizations have chosen to develop their own private network blockchain system, Ernst &...

    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

    Anticipation Builds for Tokenization in 2020
    Tokenization will likely continue to be a viable and promising technology in 2020 due to its boundle...

    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