Oxfam Brings Blockchain to Cambodian Rice Farmers

Oxfam International, a confederation of independent charitable organizations, is pilot-testing a blockchain-enabled farming project in the northern province of Preah Vihear in Cambodia to ensure rice farmers are getting better prices for their produce.

The Blockchain for Livelihoods from Organic Cambodian Rice, or Blocrice, will track prices of rice and empower the most vulnerable farmers to give them the technology for fair grain prices. Initially, the project involves 50 organic rice farmers, but Oxfam intends to expand the program across the country, said Asian Review.

“We expect to bring traceability, transparency, financial literacy and best practices [to]contract farming in Cambodia,” said Kann Kunthy, managing director of AmruRice, a Phnom Penh-based rice exporter which is also joining the pilot.

According to the report, Blocrice would promote contract farming among exporters, farmers’ cooper…

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.