Global Charity Oxfam Launches Blockchain Project to Empower Cambodian Rice Farmers

Global charity organization Oxfam has launched a blockchain technology platform aimed at enhancing the transparency and traceability of the rice supply chain in Cambodia.

Known as BlocRice, the app uses distributed ledger technology to implement smart contracts where details such as the farm gate price of organic rice, trade volume and method of transportation are recorded, according to the Khmer Times.

The project which will initially work with 50 rice farmers in Cambodia’s Preah Vihear province during the first year is expected to boost the bargaining power of the participants in negotiations with the buyers of their produce potentially netting them higher prices.

“The application of blockchain technology is expected to enhance the negotiation power of small-scale farmers in their rice value chains, who are usually poor primary producers,” the country director of Oxfam in Cambodia, Solinn Lim, said.

Reference: https://www.ccn.com/global-charity-oxfam-launches-blockchain-project-to-empower-cambodian-rice-farmers/

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