Blockchain can aid agriculture sector: experts

10:11 | 08/07/2018
Using blockchain to store agricultural data is a great way to check the quality of products and thus earn customer trust due to its transparent nature, experts have said at a conference in Can Tho City on Thursday.
blockchain can aid agriculture sector experts
Speakers at an event on July 5 on using blockchain to add value to Can Tho’s agriculture products. - Photo qdnd.vn

The conference on using blockchain to increase the value of Vietnamese farm goods was held by the Vietnam Chamber of Commerce and Industry (VCCI) Can Tho and Lina Network Joint Stock Company.

Nguyen Phuong Lam, deputy director of VCCI Can Tho, said the Mekong Delta is Vietnam’s largest producer and processor of agricultural products, especially rice, fisheries and fruits.

But export value growth has been stagnant due to the reliance on raw products and limited adoption of advanced technologies and techniques, he said.

The lack of ties between farmers and businesses also makes it difficult to check product origin and quality, he added.

Vu Truong Ca, chairman of Lina Network, said blockchain technology is used by many agricultural businesses in other countries to help customers know about product origin.

Storing data using blockchain offers more transparency since it is available to everyone and highly resilient to alterations, which greatly improves the process of checking product origin and quality, he added.

Tu Minh Thien of the Agricultural Hi-tech Park of HCM City said using blockchain in agriculture is crucial to tackling the problem of products with unclear origins and building trust among customers, which leads to higher brand value and competitiveness.

Other experts said blockchain technology can be used to store data about the processing stages a product goes through, meaning distributors and customers can assess its quality.

Other speakers agreed that using new technologies such as blockchain to modernise agriculture would be a huge step towards industry 4.0 that Vietnam is striving to achieve.

VNA

Latest News ⁄ Top News

standard chartered ups vn growth forecast Standard Chartered ups VN growth forecast
first solar power purchase contract signed First solar power purchase contract signed
taisho offers to purchase dhg shares Taisho offers to purchase DHG shares
city unveils new housing plan City unveils new housing plan
vn consumers spend less on fmcg VN consumers spend less on FMCG
us china trade wars impact on vietnam economist US-China trade war’s impact on Vietnam: economist
Based on MasterCMS Ultimate Edition Ver 2.8 2018