Malaysia Council on Palm Oil (MPOC) and Blockchain startup BloomBloc develops a Blockchain app to monitor the supply chain
The Malaysian Palm Oil Council (MPOC) has developed a Blockchain app in collaboration with a Blockchain startup BloomBloc to track the journey of palm oil throughout the entire supply chain.
A media focused on the food industry, FoodBev Media, reported Wednesday March 25. According to the report, using a smartphone, information about each tree and other related content will be loaded into the app that will allow farmers to follow the seeds of the plantation to a thousand and to the final products.
After a successful pilot test, the blockchain-based app is now available for pilot deployment for small family owners, agricultural producers, plantations, and palm oil processors. All checkpoints can be done with the app that will automatically create an end-to-end digital ledger that provides transparency, accuracy, and credibility for stakeholders and end customers.
According to the news, the launch of the app follows the implementation of the mandatory Malaysian Sustainable Palm Oil (MSPO) certification standard across the country. Dr. Datuk Kalyana Sundram, CEO of MPOC, said:
"MPOC's pioneering company in blockchain technology demonstrates our commitment to maintaining the sustainability of our industry and improving its marketability."
He added:
“It says a lot about our confidence in our supply chain. And it's another way that Malaysia shows 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 other people who practice sustainable agriculture to follow our example. ”
BloomBloc, who developed the app, is a blockchain development company focused on sustainable supply chains. It is a Malaysian subsidiary of Lardi & Partner Consulting, based in Switzerland, established in association with VIKNAtech Engineering Sdn, based in Malaysia. Bhd. The company said the app will allow small family owners to have more control over their processes, which will lead to higher production and lower costs.
Several large companies have turned to blockchain technology to track their products. How reported Crypto Economy, in April 2019, Swiss-based food maker Nestlé and French retail giant Carrefour partnered with IBM in an attempt to bring transparency to the supply chain process for Nestlé products.
In January 2020, CHO Tunisia, the Tunisian subsidiary of the largest producer of Mediterranean olive oil, CHO Group, also associated with the IBM Blockchain-based Food Trust Network to track the shipment of their Terra Delyssa extra virgin olive oil and maintain quality assurance.
