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The international charity Oxfam officially launched its solution for the supply chain BlocRice blockchain for Cambodian rice on November 15, the daily Cambodian news agency Khmer Times reports.
BlocRice, which aims to use smart contracts to ensure transparency and security between rice farmers and buyers in the Netherlands, is under development and is expected to expand to 5,000 farms by 2022, notes the outlet.
"The project aims to test the blockchain technology and its smart contracts, a three-way digital farming agreement between the Cambodian primary producer, exporter and rice retailer in Europe, to improve farmers' livelihoods and their supply conditions," he explains. an Oxfam information leaflet.
The increased automation and visibility of individual farmers should in turn enable them to set higher prices and avoid economic disadvantages.
"BlocRice promotes the use of such digital contracts as tools for social and economic empowerment," says the Khmer Times quoting Solinn Lim, Oxfam's national director in Cambodia. Lim added:
"The application of blockchain technology should improve the bargaining power of small farmers in their rice value chains, which are usually poor primary producers".
It is not the first time that blockchain has been applied to rice supply chains as a means of making their processes more robust.
As reported by Cointelegraph in August, Alibaba and local authorities in China have worked together to address security concerns in the Wuchang rice industry with the use of blockchains.
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