Malaysian Palm Oil Council and Blockchain-based startup BloomBloc have successfully developed a Blockchain software that helps users to access palm oil across the entire supply chain.
According to food industry magazine Foodbev Media, this new system has been successfully tested and is being implemented in a pilot project with the following subjects: local palm farmers, palm oil processing plant , plantations and household businesses. The system records information of each palm tree, so that the user can track the palm tree's journey from the plantation, through the mill, to the final product.
Retrieve palm oil using Blockchain software
This software was born after the government of this country applied the Malaysian Sustainable Palm Oil standard on a national scale. Datuk Dr Kalyana Sundram, general manager of the Malaysian Palm Oil Council said:
"Thereby, our company demonstrates trust in its supply chain, and our country proves to the world that Malaysia appreciates people and the planet. Hopefully by way of By creating this foundation and spreading the message about the benefits of Blockchain technology, we will motivate people who are moving towards sustainable agriculture. "
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Stop deforestation
How to develop sustainably is a difficult question for the palm oil industry in Malaysia due to illegal deforestation and conversion of forests into plantations. According to environmental organizations, the operation of palm oil production company Radiant Lagoon damaged 730 hectares of forest in the state of Sarawak, Malaysia. The company is also affiliated with Double Dynasty, which supplies palm oil to manufacturers such as Nestlé, Unilever, Mondelēz and P&G.
But the Malaysian government took action to prevent this. More than 60 regulations have been issued to improve forest management and drive action towards a commitment not to deforestation.
However, the argument of the Malaysian palm oil industry is that the total palm plantation in this country is only 5.74 hectares, equivalent to only 0.11% of the world's agricultural land, but provides raw materials for 20 % of oil and grease products for global export.
Malaysia is actively adopting Blockchain
This is not the first time Malaysia has chosen a Blockchain technology solution in the food supply chain and agricultural products. Last year, the state of Penang, Malaysia announced that the state was considering using crypto to trace products, thereby alerting consumers about foodborne epidemics.
The education industry also applies crypto, for example Malaysia's Ministry of Education launched certificate-proof software on primexbt trading platform.
Malaysia has also launched a work visa program for freelancers in the technology sector to attract blockchain talent.
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