As this week proclaims, promotes the Australian government is a Blockchain-project for the sustainable cultivation of sugar. This is to secure the supply chains of the sugar cane imports in the country and as origin and sustainable production guarantee. Australia is one of the largest sugar producers and is the second largest exporter of the sweet Good in the world. With the project to meet the increasing demand for sustainable sugar especially from the ranks of the beverage industry.
Productivity, sustainability and profitability – are the pillars on which the Sustainable Sugar Project, the Australian sugar production for the future. To help in the future, a Blockchain solution. So, the project aims to protect in the context of its innovation campaign Smartcane Best Management Practice (BMP) in the future, the supply chains of the sugar production of the Südkontinents using a Blockchain. Here, the origin and production should be made to secure feet.
The project is supported by the Australian government. The Initiative, led by the regional agricultural Association of Queensland Cane Growers Organization (‘Canegrowers’), now a financial injection of around $ 1.7 million from the Australian Treasury. This food Navigator-Asia reported this week.
“The Sustainable Sugar Project aims to develop […] transparency in the market for sustainably produced sugar. By participating in Smartcane BMP and the Blockchain to use, don’t want to Canegrowers secure only origin guarantees, but access to the market increase and to producers and customers greater Value for truthfulness.“
With the projects they wanted to increase the confidence of the customer, describes a spokeswoman for the Association of Queensland the use of the Blockchain. In the Australian state of 95 percent of Australian sugar is produced.
“The [Blockchain-]technology creates security for the sustainability of our sugar. By ensuring that farmers produce sustainable, will be able to achieve these top prices“,
agriculture Minister David Littleproud highlights the Motivation behind the promotion.
Demand for sustainable sugar is rising
With annual trade revenue of nearly two billion dollars and an export ratio of up to 85 per cent, Australia is not only one of the largest sugar producers in the world, but behind Brazil, the second most important exporter of the sweet Good.
Worldwide demand for sustainably grown sugar rises, particularly from the ranks of the beverage industry. While, for example, Coca-Cola intends to meet its sugar requirements by 2020 from sustainable sources, the Ministry of agriculture this gap with the promotion of the Sustainable Sugar Project.
“Because the demand towards sustainably produced food increases, will help this project to increase exports and to create better Market access”,
Minister Littleproud explained.
Blockchain on the rise Down Under
Meanwhile, the Blockchain technology in the land Down Under is not only in the book of authorities is on the rise. While the government in Canberra to adapt already since last year, various loopholes in the law addiction and Blockchain-projects in the energy sector, promotes, proclaimed the Australian Commonwealth Bank (CBA) last week, the Success of a previous milestone. So, the Bank managed on the basis of an Ethereum-shipping Blockchain 17 tonnes of almonds from the Australian Victoria to Hamburg.
In addition, the government has sealed a joint partnership with the software giant IBM. Using 740 million US dollars from the Australian budget this is to explore the possibilities of the Blockchain-use in the area of data security.