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Thailand introduces agro blockchain tracking

Thailand introduces agro blockchain tracking

Thailand’s government is working on a plan to introduce agro blockchain tracking, according to the Trade Policy and Strategy and Office (TPOS).

The main goal behind this project is to improve the traceability of agricultural products and to monitor the quality of the products that are being exported from the country. 

Agro blockchain tracking

The project is going to be introduced gradually, starting with farmers and producers in the  Surin province.

According to Pimchanok Vonkorpon, Director General of TPOS, the government has already talked to the majority of farmers in the region. Not only that, but more than five thousand agricultural growers have also declared they will participate in the test phase of the project. 

Agro blockchain tracking is going to bring an essential improvement to the way the whole niche is functioning at the moment.

Thailand is one of the largest rice exporters globally, which means that better quality control and monitoring capabilities will improve the end product for a large percentage of customers worldwide. 

According to Ms. Pimchanok Vonkorpon, agro blockchain tracking will become operational as soon as the TPOS receives its budget for 2020. 

Blockchain tracking is becoming increasingly popular globally, over a number of different industries and businesses. While the agricultural sphere has not yet seen many such projects, the fact that the government is looking to initiate blockchain tracking is commendable.

With the constant technological advancements, and with the development of blockchain technology, customers are going to start seeking such transparency. Hopefully, more industries will follow suit and will begin developing blockchain solutions to boost transparency. 

Featured Image by Pixabay

Tina Yordanova

Tina Yordanova

Back from her stint with European Central Bank, Morgan Stanley, Barclays, Societe Generale, Hilton Hotels, and Aviva International, Tina rejoins Cryptopolitan with a deeper insight regarding the financial world, blockchain enterprises and institutions and practices involved in it. She is eager to share her rounded perspective honed from the biggest media analysis companies on the Balkans.

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