Malaysian Palm Oil Council (MPOC) and Blockchain Startup BloomBloc Develops Blockchain App to Monitor Palm Oil Supply Chain

Malaysian Palm Oil Council (MPOC) and Blockchain Startup BloomBloc Develops Blockchain App to Monitor Palm Oil Supply Chain
Table of Contents

The Malaysian Palm Oil Council (MPOC) has developed a Blockchain app in collaboration with a Blockchain startup BloomBloc to trace the palm oil journey throughout the entire supply chain.

A food industry-focused outlet FoodBev Media reported the news on Wednesday, March 25. According to the report, using a smartphone, information about each tree other related content will be uploaded to the app that will enable farm growers to track the seeds form plantation to mil, and on to the final products.

After a successful pilot testing, the blockchain-based app is now available for pilot implementation to family owned smallholders, farm growers, plantation, and palm oil processors. All the checkpoints can be done with the app that will automatically create an end-to-end digital ledger that provides transparency, accuracy and credibility for stakeholders and end customers.

According to the news, the launch of the app follows the implementation of the mandatory Malaysian Sustainable Palm Oil (MSPO) certification standard nationwide. Datuk Dr Kalyana Sundram, CEO of MPOC, said:

“The MPOC’s pioneering venture into blockchain technology demonstrates our commitment to maintaining our industry’s sustainability and enhancing its marketability.”

He added:

“It speaks volumes about our trust in our supply chain. And it is yet another way Malaysia is showing the world that we value our people and our planet. We hope that by creating this platform and demonstrating the benefits of using blockchain technology, we will encourage others who are practicing sustainable agriculture to follow our lead.”

BloomBloc, who developed the app, is a blockchain development company focused on sustainable supply chains. It is a Malaysian subsidiary of Switzerland-based Lardi & Partner Consulting, established in partnership with Malaysia-based VIKNAtech Engineering Sdn. Bhd. The company said that the app will enable family owned smallholders to have more control over their processes leading to increased production and reduced costs.

A number of big companies have turned to blockchain technology to trace their products. As Crypto Economy reported, in April 2019, Swiss-based food manufacturer Nestlé and French retail giant Carrefour partnered with IBM in a bid to bring transparency to the supply chain process of Nestlé products.

In January 2020, CHO Tunisia, Tunisian subsidiary of largest Mediterranean Olive oil producer CHO Group, also partnered with IBM blockchain-based Food Trust Network to track the shipment of its Terra Delyssa extra virgin olive oil and to maintain quality assurance.


Follow us on Social Networks

Crypto Tutorials

Crypto Reviews