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Oxfam has launched a blockchain project for farmers dubbed BloCRice, which aims to increase the bargaining power of farmers by digitally connecting each actor in the supply chain on a single platform, the local Cambodian news reports.
Based on the report, the new platform will leverage smart contracts to create digital agreements between organic farmers and rice exporters in Cambodia and their buyers in the Netherlands.
Solinn Lim, national director of the Oxfam international charity association in Cambodia, was quoted by the spokesperson saying:
"BlocRice promotes the use of such digital contracts as tools for social and economic empowerment It is expected that the application of blockchain technology increases the bargaining power of small farmers in their value chains rice, which are usually poor primary producers. "
The blockchain platform, which is still in the pilot phase, is being implemented in collaboration with organic farmers in the province of Preah Vihrear, which is part of the international borders of the country with Thailand and Laos. The well-known Dutch rice cracker manufacturer SanoRice will also participate in the pilot phase, noted the outlet.
According to an Oxfam brochure, BloCRice will bring more automation and visibility to individual farmers, which should enable them to set higher prices for their products.
"All actors, from agricultural cooperatives to SanoRice, will have a shared digital contract: During the process, from plantation to rice cracker production, the actors in the chain will share information with each other through their shared database based on blockchain", he continued adding.
Oxfam is also working with the local Acleda bank to introduce cashless payment services to farmers so that they can make transactions faster than they currently do.
At the start of this year, Alipay's parent company, Ant Financial, worked with the Wuchang municipal government in China to use the blockchain to prevent counterfeit rice from entering the local market. The blockchain has also been used to shorten the timing of the distribution of Wuchang rice throughout the country, "shortening the original delivery time of 3-7 days to less than 2 days", said a local Chinese press.
Shutterstock foreground image.
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