Amazon and Infosys have responded to an expression of interest (EoI) announced by the Tea Board of India to use blockchain and allied technologies for tea traceability. A report by
the Economic Times said regional bank Yes Bank and 25 other firms have also expressed their interest in the Tea Board’s call.
In October, the Tea Board floated the EoI to build an end-to-end traceability solution for the tea industry, and may soon award a contract for the project.
India is the world’s second-largest tea producer and fourth-largest exporter. Tea Board deputy chairman Arun Kumar Ray cited long-term sustainability issues faced by the industry as costs are rising, but tea prices have been mostly stagnant for a few years.
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