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.