Spices Board India under
Ministry of Commerce and UNDP India’s Accelerator Lab have signed a
Memorandum of Understanding (MoU), with the aim to build a blockchain based
traceability interface for Indian spices to enhance transparency in supply
chain and trade.
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,
processors, retailers, regulators, and consumers, thus simplifying the supply
chain. It will allow farmers just as all other members of the supply chain to
access the information which further makes the entire supply chain more
efficient and equitable.
and Spices Board India are working towards integrating the Blockchain
Traceability Interface with the e-Spice Bazaar portal developed by Spices Board
India for connecting spices farmers with markets. Design of the Blockchain
interface is expected to be completed by May’21.
The project will be piloted
with over 3,000 farmers
project will be piloted with over 3,000 farmers engaged in chilli and turmeric
farming in select districts of Andhra Pradesh.
India is the largest
exporter, producer and consumer of spices in the world.
this joint initiative, Mr. D. Sathiyan, Secretary, Spices Board India said that
India is the largest exporter, producer and consumer of spices in the
world. India’s spices export crossed a
milestone of 3 Billion US Dollars during 2019-20 and our estimates indicate
that we would cross that milestone and achieve a new high during the 2020-21.
Spices Board, the agency responsible for export promotion of Indian spices in
the world markets, is happy about these achievements and would like to
facilitate further growth in the sector.
said that the changing order in the global spices and food sector has increased
the relevance of infrastructure development for value addition, certification
for quality and food safety, implementation of traceability systems, promotion
of spices highlighting the immunity boosting properties, etc., and the Board
has been working tirelessly to provide support to the stakeholders of the
sector and to strengthen the supply chain so as to position India as the
premier destination for clean and safe spices to the world.
UNDP-Spices Board joint initiative to build a blockchain-powered traceability
interface for Indian spices is another significant milestone in our journey to
make the spices value chain efficient, transparent and equitable for all
stakeholders. This traceability interface is expected to enhance consumer
confidence and facilitate sourcing of spices for exports as well as for local
value addition and use.
Confident that the
blockchain interface will help connect the spice farmers with international
markets said Ms. Shoko Noda, Resident Representative, UNDP India
Speaking on the collaboration, Ms. Shoko Noda, Resident Representative,
UNDP India, said, “We are confident that the blockchain interface will help
connect the spice farmers with international markets and add to their income.
The technology can also help in rebuilding the pandemic affected supply chains
by providing trading partners and consumers with trusted and secured data on
goods and transactions.”