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 Nikkei 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...
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