At the conference (Photo: baophapluat.vn) Can Tho (VNA) – In the era of Industry 4.0, blockchain technology istouted as a means to trace the origin of agricultural products, helping localfirms improve productivity and competitive capacity, heard a conference in theMekong Delta city of Can Tho on July 3.
The Mekong Delta region is the largest agricultural production hub in Vietnam,but the value of agricultural products remains below expectations due totechnical barriers in terms of quality in export markets.
As Vietnam deeply into the global economy, its products must satisfy rigorousstandards to gain footholds in markets at home and abroad.
According to Nguyen Phuong Lam, Vice Director of the Vietnam Chamber ofCommerce and Industry (VCCI)’s Can Tho city branch, loose links between farmersand businesses poses challenges for product traceability and productionprocess.
Blockchain technology can boost the transparency of information aboutagricultural products, while tracking of product’s origin will help gainconsumers’ confidence, increasing product value.
Vu Truong Ca, President of Lina Network, one of the companies researching theuse of blockchain technology in agriculture, said that producers must meettraceability requirements and prove their products are safe to bolstershipments.
“Customers need standardisation and transparency, and this is the attribute ofblockchain”, he said.
Blockchain stores and transmits information and data by blocks linked together.No one can modify information stored via blockchain. Besides transparency,blockchain helps cut the cost of product origin management while enhancingsecurity.
It is now applied in 26 sectors including agriculture, healthcare,transportation and administration management.-VNA
VNA
