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Malaysian state to use blockchain for tracking halal products

malaysian state to use blockchain for tracking halal products

Georgetown has been the host of the Penang International Halal Expo and Conference from March 1 to March 2, 2019. Several luminaries were gathered for cultivation and halal-related contracts from Malaysia. This is why Minister Sim Tze Tzin used the conference as a golden chance to highlight the policies of the government in terms of improvements in the agriculture sector.

The main declaration encountered by Minister Sim was the masterplan to integrate blockchain functionalities in a trailing system that would surely improve fidelity & reliability and get control over agricultural products in the country.

The tenth version of the preeminent business of cultivation sector in Malaysia, which has been gaining tremendous prevalence, was held in Halal Expo. Where Penang’s Chief Minister Chow Kon conferred statistics of 2017, claiming that the industry is growing exponentially and have exported around ten billion dollars ($10b) worth of Halal products worldwide.

He also stated that the number of Halal certified enterprises in Penang was only 55 about ten years ago. Since November last year, the figure has risen up to 1,112.

The Malaysian government, choosing to direct their focus towards the blockchain technology, is actively endeavoring to improve the tracking and governance over agricultural products, while the industry continues to grow.

Consolidating distributed ledger technologies in the standard government system would affect security and speed when it comes to tracking goods, as per the Minister Sim Tze Tzin. The evidence of the stable technologies is that they are secure enough to trail products, and cannot be altered by anyone.

Moreover, he announced that this technology would absolutely be profitable if there is a revolution of disease while it intensifies the tracking and operations of food industries.

This global scope will surely raise the degree of awareness over the industry. Therefore, it would definitely reach a greater quality of products and services the Malaysian population receives when it comes to the agriculture industry.

Johnson Go

Johnson Go

Blockchain enthusiast, project management specialist, writer and crypto investor. JG deals mostly with problems and solutions of crypto projects and provides market outlook for investments. He contributes his analytical skills to projects.

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