Blockchain firm BloomBloc and the Malaysian Palm Oil Council (MPOC) are piloting a traceability platform to improve palm oil supply chains and revenues. The initiative was announced at the recently held World Economic Forum (WEF) in Davos, Switzerland. Bloombloc has offices in Switzerland and Malaysia.
Like so many countries, in response to Covid-19, Malaysia has imposed social distancing rules and shut schools and businesses. However, after a temporary closure, palm oil plantations were granted an exemption.
Today the UN warned of concerns that Covid-19 interruptions could result in global food shortages.
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