UNDP India - Spices Board India to develop a blockchain-powered traceability system

This blockchain-powered platform for Indian spices will enhance the quality assurance of agricultural export commodities.

GN Bureau | April 12, 2021


#Ministry of Commerce and Industry   #Spice Board India   #UNDP India   #Blockchain   #Digital India   #Farmers  


UNDP India’s Accelerator Lab and Spices Board India under the Ministry of Commerce and Industry, Government of India have signed a Memorandum of Understanding (MoU) to build a blockchain-based traceability interface for Indian spices to enhance transparency in trading. UNDP India has independently secured support from the Cabinet Office of Japan for this initiative under the Japan SDGs Innovation Challenge.

Blockchain is a decentralized process of recording transactions on an open and shared electronic ledger. This allows for ease and transparency in data management across a complex network, including, farmers, brokers, distributors, processors, retailers, regulators, and consumers, thus simplifying the supply chain. This blockchain-powered platform for Indian spices will enhance the quality assurance of agricultural export commodities.

One of the key beneficiaries of this initiative will be small farmers with a potential doubling of income based on trading on this platform, said the press note. It will also allow farmers just as all other members of the supply chain to access the information which further makes the entire supply chain more efficient and equitable.

The design of the Blockchain interface is expected to be completed by May 2021. The project will be piloted with over 3,000 farmers engaged in chilli farming in Guntur, Andhra Pradesh. UNDP and Spices Board India is working towards integrating the Blockchain Traceability Interface with the e-Spice Bazaar portal developed by Spices Board India for connecting spices farmers with markets.


Speaking on the collaboration, Shoko Noda, Resident Representative, UNDP India, said, “Spice farmers are mostly small and marginal farmers. Despite India being the largest consumer and producer of spices, one of the major challenges they face is getting their due share of income owing to the lack of robust monitoring mechanisms that can ensure the quality of spices at every stage of the value chain. We are confident that the blockchain interface will help connect these farmers with international markets and add to their income. The technology can also help in rebuilding pandemic affected supply chains by providing trading partners and consumers with trusted and secured data on goods and transactions.”

D. Sathiyan, Secretary, Spices Board India on this joint initiative, said:​ ​India is the largest exporter, producer and consumer of spices in the world. Spices exports during 2019-20 crossed a milestone of $3 billion. The changing order in the global spices and food sector has increased the relevance of infrastructure development for value addition, certification for quality and food safety, promotion of spices highlighting the immunity-boosting properties, etc and the Board has been tirelessly working towards strengthening the Spices value chain in India. This UNDP-Spices Board joint initiative to build a blockchain-powered traceability interface for Indian spices is another significant milestone in our journey to make the spices value chain efficient, transparent and equitable for all stakeholders. We plan to integrate this blockchain-based traceability interface with the e-spice bazaar portal already developed by the Board.

Comments

 

Other News

Global South: Health cooperation needs institutions to make solutions scalable

September 12 marks the International Day for South-South Cooperation, commemorating the 1978 Buenos Aires Plan of Action (BAPA). Forty-eight years later, its central proposition remains relevant: countries of the Global South can draw on their own knowledge, experience and innovations to address shared d

Reading the mind of Xi Jinping

As India prepares to host the 18th BRICS Summit this weekend, and as prime minister Narendra Modi is set to hold a bilateral meet with president Xi Jinping, China’s growing global influence and the changing dynamics of India-China relations will be under focus. But to understand where China is head

BRICS at 20: From economic weight to global influence

This year marks 20 years of BRICS, with India set to host the grouping’s leaders’ summit this weekend. The anniversary offers an opportune moment to assess BRICS’ growing importance at a time when the effectiveness of global governance and the credibility of multilateralism are under in

Former president Ram Nath Kovind on some of his unforgettable journeys

Triumph of the Indian Republic: My Life, My Struggles By Ram Nath Kovind Rupa Publications, 400 pages, Rs 795   All our presidents so far stand out, each for a different reason. Ram Nath Kovind, the 14th president of India, from 2017 t

Uday Kotak on history, Indian economy, growth and more

Pathbreakers: How 10 Visionary Leaders Transformed India by award-winning journalists  By Sucheta Dalal and Debashis Basu Rupa Publications, 304 pages, Rs 695  

₹5,000 crore saved from suspected financial fraud

In a significant gain for citizen protection in the digital economy, the Department of Telecommunications (DoT) has helped prevent suspected cyber fraud losses of more than ₹5,000 crore through its Financial Fraud Risk Indicator (FRI) within fifteen months of its launch on May 22, 2025. This money did

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter