Blockchain

Dubai Launches Blockchain-Enabled E-Marketplace For Trading Agricultural Commodities

Government of Dubai has launched the Blockchain-enabled Agriota E-Marketplace for sourcing and trading agricultural commodities. The new platform will connect Indian farmers with companies in the United Arab Emirates to trade cereals, pulses, oil seeds, fruits, vegetables, spices and condiments.

The ultimate goal of positioning our nation as a world leading hub in innovation-driven food security

Ahmed Bin Sulayem, the chief executive officer of the DMMC, which runs a free trade zone, said in a statement.

The launch was attended by His Excellency Pavan Kapoor, Ambassador of India to the UAE and focused on how the Agriota platform will positively impact the UAE’s food security and economy and the way in will also boost trade ties with India

This is a powerful example of transparency, digital efficiency and disintermediation, as Indian farmers connect directly with the UAE’s food industry (food processing companies, traders, and wholesalers). This reduces the role of intermediaries, and makes supply chain and traceability efforts more efficient. Other services on the platform include accounting, contract, and regulatory compliance services, which reduces bureaucracy for all involved.

Agriota platform was developed by CropData Technology, an Indian company whose mission is to help marginal and small farmers.

M. Ali

Daily cryptocurrency trader, miner, technology enthusiast and a full time IT and security consultant. If you have any questions or comments please feel free to email him at nabil@wibbic.com

Recent Posts

N.J. Man Allegedly Paid 40 BTC to Have a 14-year-old Killed

John Michael Musbach, a 31-year-old man from Haddonfield, NJ, has been charged with hiring a… Read More

21 hours ago

Man Charged in $110 Million Cryptocurrency Scheme

Avraham Eisenberg, 27, from Puerto is accused of committing a $110 million cryptocurrency fraud according… Read More

2 days ago

The Top 10 Most Popular Cryptocurrencies in 2023

Cryptocurrencies have became a popular subject in the recent years. In this post, we will… Read More

4 days ago

The Key Features of Ravencoin Blockchain

Ravencoin is a blockchain platform that was created in 2018 as a fork of the… Read More

5 days ago

Major Differences Between Binance Smart Chain and Ethereum

Binance Smart Chain (BSC) is a blockchain network developed by Binance, one of the largest… Read More

6 days ago

What is a 51% Attack on the Blockchain?

A 51% attack is a type of attack against blockchain that occurs when a miner… Read More

6 days ago