Indian software company ByteAlly has partnered with Feed the Future Bangladesh Aquaculture and Nutrition Activity (BANA) to begin trialing a fish-focused blockchain food traceability program in Bangladesh.
Feed the Future is part of the U.S. Government’s hunger and food security initiative, working with countries all around the world to address poverty, hunger, and malnutrition. The majority of Bangladesh’s rural population work in fisheries and the U.S. Government has prioritized aquaculture value chains. BANA itself is a five-year project with an investment of $24.5 million by the U.S. Agency for International Development (USAID).
While Bangladesh has made significant progress in reducing malnutrition and elevating overall GDP, Bangladesh’s Government found that 24% of the population still remain below the poverty line (around 38 million people). Nevertheless, investment in agricultural technology has a substantially positive impact, and the U.S. Government endeavors to work with both public and private institutions to promote agricultural technology development. Alongside this, BANA’s objectives include increasing the productivity of aquaculture systems and strengthening aquaculture market systems. This is where the partnership between ByteAlly and BANA fits in.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
