The state of Penang is considering the use of technology in and agricultural products supply chains, local English-language newspaper The Star on March 1.
According to the country’s Deputy Minister of Agriculture and Agro-based Industries, Sim Tze Tzin, cited by the newspaper, the technology can be used for various applications in the industry. For instance, consumers would be able to track the origins of a particular product they purchase by scanning codes. Additionally, the industry can quickly warn consumers about the outbreaks of dangerous foodborne diseases.
The minister also stated that the key advantage of using is that the data stored on a decentralized network cannot be altered. Moreover, Sim believes that helps to improve security, reduce operational costs and bypass middlemen.
The Malaysian official did not set a specific time frame for launching the supply chain solution, nor did he reveal whether the country is going to collaborate with crypto or startups to develop the decentralized ecosystem.
Cointelegraph previously reported that both and are also considering implementing in on the state level.
This week, French president Emmanuel Macron for unity among nations in the agricultural industry to counter competition from global markets in , and the . He mentioned as an innovative tool that would allow traders across the EU to work in a more effective and transparent way.
Meanwhile, the Chinese government a paper titled “Guiding Opinions on Rural Service Revitalization of Financial Services,” which, in part, claims that could help the country “improve the identification, monitoring, early warning, and disposal levels of agricultural credit risks.”
Published at Sat, 02 Mar 2019 08:33:22 +0000
