The Chinese language province of Yunnan introduced the official launch of a blockchain-powered traceability platform for its Pu’er tea farms on Jun
The Chinese language province of Yunnan introduced the official launch of a blockchain-powered traceability platform for its Pu’er tea farms on June 3.
The blockchain platform was first introduced within the 2020 Phoenix Nest Historic Tree Spring Tea New Product Launch Convention in Kunming, Yunnan. They’ll use the platform to conduct high quality management, gross sales, and mortgage financing operations on 42,000 hectares of farmland throughout the province.
In keeping with Chinanews, the province is known for its darkish, fermented number of tea. It’s the most important Chinese language agricultural merchandise exporter, and hit nearly $33 million in 2018 in keeping with stories.
Implementation of blockchain know-how in an enormous business
The Pu’er tea business’s merchandise yield a complete of $2.5 billion on common, in keeping with the report.
By scanning QR codes inside the blockchain-powered platform, clients might be able to evaluate details about every product’s uncooked materials base, manufacturing course of, warehousing, high quality testing, product gross sales, and monetary help, and different knowledge.
The origins of the Pu’er tea business’s curiosity in Blockchain dates again to 2019. The province wished to combine traceability options primarily based on blockchain know-how. They constructed a pilot program in March 2020 referred to as “High quality blockchain traceability platform.”
Up to now, 25 merchandise from 25 firms have been “efficiently launched” via the platform, and the province hopes to combine new applied sciences in future. These embody texture imaging recognition know-how, anti-counterfeiting know-how, and NFC encryption chip options.
Blockchain continues to assemble recognition throughout China
China’s love affair with blockchain know-how continues to extend in latest months.
On Could 14, The Folks’s Financial institution of China proposed a blockchain-based commerce finance platform for the Guangdong-Hong Kong-Macao Higher Bay Space. It’s emphasis can be on world commerce and finance.
Cointelegraph reported on June 1 that Chinese language authorities intend to show the southern island province of Hainan right into a free commerce port by implementing a blockchain-based platform.