Spices Board India and UNDP India’s Accelerator Lab signed a MoU, with the aim to build a blockchain based traceability interface for Indian spices to enhance transparency in supply chain and trade.
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The project will be piloted with over 3,000 farmers engaged in chilli and turmeric farming in select Districts of Andhra Pradesh.
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, retailers and consumers, thus simplifying the supply chain.
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