Spain’s ChainWood group plans to implement blockchain to improve transparency and efficiency for the forestry industry’s supply chain.
The group was set up by the Ministry of Agriculture, Fisheries, and Food and comprises eight industry players coming from Galicia, Madrid, Andalusia, Castilla y Leon, and Asturias.
It received a €93,530 subsidy, of which 80% is from EAFRD (European Agricultural Fund for Rural Development) Funds. And the balance came from the General State Administration. The project is currently at the design stage and will need additional funding for execution.
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