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

P2P NFT Trading Platform Faces Breach: Users Urged to Take Immediate Action

NFT Trader, peer-to-peer (P2P) trading platform, recently experienced a security breach leading to the… Read More

3 months ago

Fireblocks buys Australian blockchain start-up BlockFold

Fireblocks, the crypto company backed by Sequoia Capital and Coatue Management, has acquired BlockFold, a… Read More

5 months ago

Former IcomTech CEO Admits Guilt in Cryptocurrency Ponzi Scheme

In recent development, Marco Ochoa, the former CEO of IcomTech, has pleaded guilty to… Read More

5 months ago

Binance Announces Complete Exit from Russia, Selling Business to CommEX

In significant development for the cryptocurrency world, Binance, one of the leading global cryptocurrency… Read More

5 months ago

Robert Kiyosaki’s Bold Prediction: Citibank Tokens vs. Bitcoin and the US Dollar

In recent tweet that sent shockwaves through the cryptocurrency community, renowned author and financial… Read More

5 months ago

Brazil Enhances National Identity Card Security with Blockchain Technology

In significant stride toward modernization, Brazil is rolling out a novel national identity card… Read More

5 months ago