Food Safety is of vested interest for both producer and consumer and to achieve that it is important to have the traceability of provenance for knowing if it is fresh and exactly where it comes from, who grew and processed it. This could also help in preventing fraud, false labelling, redundant middlemen, reducing transaction costs and overcoming some challenges of logistics, especially related perishable food items with shorter shelf life. Sam Mire (2018) mentioned that “linking agricultural shipping and monitoring processes using a shared, decentralized Blockchain ledger adds value to…
Category: Decent Work and Economic Growth
How India can capitalize on its demographic dividend through blockchain
India is known for its demographic dividend which can propel it to become the next China-like story or even better. For those of you who don’t know, demographic dividend as defined by the United Nations Population Fund means, “the economic growth potential that can result from shifts in a population’s age structure, mainly when the share of the working-age population is larger than the non-working-age share of the population.” India sits at the helm of this demographic dividend because half of India’s current population of over 1.2 billion is under…
Blockchain and Its Application for Agri Policy Makers – 5 Innovative Use Cases..
Blockchain has been gaining momentum and innovative companies across the globe are coming up with various applications for it. Nearly $4bn was poured in by venture funds into Blockchain startups in 2018. Can this technology really have application for the Agriculture public policy makers ? In the last few weeks, I have had opportunity to meet and discuss with policy makers in South East Asian countries on various applications of Blockchain relevant for them. Here are some of their most pressing use cases: Food Traceability- Food safety is a big…