Thailand is cementing its position as a blockchain adopter, with several government agencies launching projects to test the feasibility of the distributed ledger technology. Now, Thailand’s Trade Policy and Strategy Office (TPSO) has announced that it will launch a blockchain traceability solution for agricultural products, starting with a pilot for organic rice, reported
Nation Thailand.
Rice tops Thailand’s agricultural commodity exports, according to data from the Ministry of Commerce. TPSO director-general Pimchanok Vonkorpon said the project would launch as soon as the department receives the operational budget for fiscal 2020.
The pilot initiative will track and trace Thailand’s jasmine rice from production to export. The TPSO, which falls under the purview of the Commerce Department, hopes to build confidence amongst buyers by proving the authenticity of Thailand’s agricultural produce. The aim is to reduce rejections by buyers and also the mixing of high and low-quality rice by producers.
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