Thailand set to introduce blockchain tracking for agricultural products
- A new project is readying pilot stage for the tracking of agricultural products.
- The goal is for the improvement and the tracing to monitor the quality of the products that are being exported.
Thailand’s government is working on a plan for the introduction of agro blockchain tracking, according to the Trade Policy and Strategy and Office (TPOS).
In terms of the goal behind the project is to improve the traceability of agricultural products, additionally to monitor the quality of the products that are being exported from the country. The new project will be phased in, commencing with farmers and producers in the Surin province.
The Director-General of TPOS Pimchanok Vonkorpon, says the government has already talked to the majority of farmers in the region. Not only that, but more than five thousand agricultural growers have also declared they will participate in the test phase of the project.
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
