Cambodia Eyes Blockchain in Future of Agriculture

By Tech Wire Asia

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, writes Mark Jones at Tech Wire Asia.

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.

Continue reading at Tech Wire Asia.