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Market Watch May 6, 2020

Malaysia: Palm Oil Industry Taps Blockchain to Ensure Transparency and Traceability

By Food Navigator

Malaysia is looking to use blockchain technology and traceability to raise the level of trust in its local palm oil industry, by proving its commitment to transparent, sustainable, and responsible supply chains, reports FoodNavigator-Asia.

The Malaysian Palm Oil Council (MPOC) will work in conjunction with tech firm BloomBloc to increase consumer confidence in the palm oil supply chain space.

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Speaking to FoodNavigator-Asia, MPCO CEO Dr. Kalyana Sundram said: “MPOC chose to work with BloomBloc specifically because of its experience in creating real-time traceable, transparent supply chains with respect to sustainable agriculture.”

Continue reading at FoodNavigator-Asia.

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Food Navigator is a publication of William Reed​, which has been providing market leading business information for over 150 years. From our origins in grocery, we have expanded across food and drink and into new sectors, including pharmaceuticals and cosmetics.
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