Leading UK Charity Oxfam Launches Blockchain Project For Farmers

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  • Global charity Oxfam has announced the launch of BlocRice, a blockchain project to help empower farmers in price negotiations with its buyers in the Netherlands

 

  • The pilot project in Cambodia will work with small-scale rice farmers in Preah Vihear province who produce on average 2.5 to 3 tonnes of organic rice per year

 

  • With the help of blockchain technology, Oxfam hopes to put the bargaining power in the hands of the farmers who are often pressured to sell off produce to repay high interest loans

 

  • Speaking to a local news outlet, Solinn Lim (Country Director of Oxfam in Cambodia) commented, “BlocRice promotes the use of such digital contracts as tools for social and economic empowerment. The application of blockchain technology is expected to enhance the negotiation power of small-scale farmers in their rice value chains, who are usually poor primary producers”

 

  • Oxfam is also working with local bank Acleda to introduce cashless payments services to farmers

 

  • Song Saran, CEO of Amru rice, a company that will also be involved in the programme as an exporter, said the project will increase transparency, traceability, fairness and trust in the supply chain and enhance the livelihoods of farmers

 

  • According to the Oxfam website ”The BlocRice application focuses on transparency and traceability by using the blockchain technology by implementing smart contract as a tool and interactive consumer communication apps for trackability.” 

 

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