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Title : Sustainable sugar: Australia to employ blockchain to boost provenance and profitability
Author(s) :
Source : FoodNavigator-Asia.com
Year : 2018
Link : https://www.foodnavigator-asia.com/Article/2018/07/31/Sustainable-sugar-Australia-to-employ-blockchain-to-boost-provenance-and-profitability
Country : Australia
Commodity: PF-Sugars - as defined in Directive 2001/111/EC, treacle, molasses and other sugars
Abstract: The Sustainable Sugar Project, led by the Queensland Cane Growers Organisation (Canegrowers), will include the use of cutting-edge blockchain technology to implement the Smartcane Best Management Practice (BMP).In Smartcane BMP, industry researchers and sugarcane farmers collaborated on standards based on productivity, profitability and sustainability. It is voluntary, industry-developed and industry-owned.“The Sustainable Sugar Project aims to meet the needs of end-users who require sustainably-produced sugar and to develop transparency around a market for that sugar. By using Smartcane BMP and blockchain technology, Canegrowers is seeking to provide provenance for our product, increase our market access and provide greater value to growers and the market,”​ a spokeswoman from Canegrowers told FoodNavigator-Asia​.Higher farm gate prices?​Australia’s Ministry of Agriculture and Water Resources said big sugar buyers are likely to pay more in the future for sustainably-grown and fully-traceable sugar as their customers ask for it.