Madagascar’s agriculture industry embraces blockchain technology
Traceability is essential for the agriculture sector, especially for export-oriented businesses. As a result, the industry is increasingly interested in blockchain. Indeed, with covid, we have seen more and morevanille and poivre lovers, wanting spices with good traceability.
Comptoir de Toamasina has done this with the açai en poudre and the Brazilian gousse de vanille.
This new generation technology is used to stimulate production, efficiency and transparency in the productive sector. When used in agriculture, it acts as a digital traceability from planting to consumption, among other functions. Madagascar, like other governments in the region, is experimenting with blockchain technology. This technology aims to conquer new markets.
The Malagasy Union of Organic Agriculture (Symabio) says that global retail giants such as Carrefour may start demanding blockchain on their goods this year. Madagascar must therefore cooperate immediately. In addition, the approval of the 2020 organic legislation has forced the sector to invest in cutting-edge tools.
It is important to know that the big guys like Carrefour and Casino will require this for meat and certain flavors in Brazil.
It is important to know that the big guys like Carrefour and Casino will require this for meat and certain flavors in Brazil.
The notion of sustainability itself is accelerating the adoption of blockchain. To move forward with organic farming, a number of exact requirements must be met, including globally recognized certification.
As a secure technology, blockchain can be used to track food products throughout the value chain. In addition, it can help reduce transportation costs.
Today we see buyers offering transport discounts for this technology.
A new technology that is revolutionizing the world of spices
Symabio from Madagascar participated in a conference on creative ideas that could be replicated, even in less developed nations, at the « Agriculture blockchain web conference » in June 2021.
The Big Island was specifically invited to participate in the meeting as a mecca for quality products.
This technology limits fraud and loss of revenue.
