The Malaysian Palm Oil Council (MPOC) and the start of the BloomBloc have begin a blockchain application that allows consumers to track palm oil throughout the entire supply chain.
The block-based system is available in pioneers to local oil palm growers, palm oil processors, farms and family-owned smallholders, according to the Foodbev Media industry publication. The system registers every tree and related information, allowing users to track their journey from farm, to factory, and to the final product.
The new application continues with the execution of Malaysian Sustainable Palm Oil (MSPO) certification standards nationwide. MPOC chief executive officer Datuk Dr Kalyana Sundram said:
“It speaks volumes about our trust in our supply chain. And it is yet another way Malaysia is showing the world that we value our people and our planet. We hope that by creating this platform and demonstrating the benefits of using blockchain technology, we will encourage others who are practising sustainable agriculture to follow our lead.”
To eliminate deforestation
Continuity in the oil palm industry is a major issue in Malaysia due to illegal logging and substitution of forests with farms. As mentioned by environmental group, palm oil producer Radiant Lagoon is responsible for destroying 730 ha of forests in the state of Sarawak in Sarawak. The company is reportedly allied with the Double Dynasty, a supplier of palm oil to manufacturers such as Nestlé, Unilever, Mondelēz and P&G.
Hence, government imposing more than 60 regulations and aimed at improving forest management practices, as well as promoting a range of activities towards the destruction of zeros.
The industry estimates that the number of palm trees planted in the country is 5.74 million ha. This equal for only 0.11 percent of global agricultural land but responsibles for 20% of the world’s fat and oil exports.
Malaysia is actively launching blockchain
Before this Malaysia has changed to blockchain technology in the supply chain of food and agricultural products. Last year, the state of Penang was considering using a blockchain to track the origin of the product that enable it to warn consumers about the outbreak of a dangerous disease.
The education sector is also embracing technology with the Ministry of Education Malaysia establishing applications built on the NEM block to address the issue of certificate fraud.
Malaysia has also began a work visa program focusing tech freelancers that address the demand for blockchain-enable talents.
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