India: Farmer Producer Organization Uses Blockchain to Trace Products from Farm to Fork
Sahyadri Farmers Producer Co. (FPO), one of the largest FPOs in India is using blockchain technology to trace the end-to-end supply chain journey of its products, reports BusinessLine, July 6, 2020. One of India’s largest FPOs, the Sahyadri FPO, is embracing distributed ledger technology (DLT) for full traceability of its agricultural products from farm to fork.
Speaking to BusinessLine, Sahyadri FPO Chairman, Vilas Shinde, said that currently, from the final price of the goods sold by the company, approximately 25% share goes to the farmers. However, by eliminating the operational inefficiencies present in the current supply chain mechanism, it is expected that the revenue would take a sharp surge, providing the farmers with a better share of the pie for their work.
