Spices Board India below Ministry of Commerce and Industry and UNDP India’s Accelerator Lab yesterday signed a Memorandum of Understanding (MoU), with the goal to construct a blockchain primarily based traceability interface for Indian spices to boost transparency in provide chain and commerce.
Blockchain is a decentralized means of recording transactions on an open and shared digital ledger. This permits for ease and transparency in knowledge administration throughout a fancy community, together with, farmers, brokers, distributors, processors, retailers, regulators, and customers, thus simplifying the provision chain. It will permit farmers simply as all different members of the provision chain to entry the knowledge which additional makes your complete provide chain extra environment friendly and equitable.
UNDP and Spices Board India are working in the direction of integrating the Blockchain Traceability Interface with the e-Spice Bazaar portal developed by Spices Board India for connecting spices farmers with markets.Design of the Blockchain interface is anticipated to be accomplished by May’21. The challenge will probably be piloted with over 3,000 farmers engaged in chilli and turmeric farming in choose Districts of Andhra Pradesh.
On this joint initiative, Shri. D. Sathiyan, Secretary, Spices Board India mentioned that India is the biggest exporter, producer and client of spices on the planet. India’s spices export crossed a milestone of three Bn USD throughout 2019-20 and our estimates point out that we’d cross that milestone and obtain a brand new excessive in the course of the 2020-21. Spices Board, the company chargeable for export promotion of Indian spices on the planet markets, is glad about these achievements and want to facilitate additional development within the sector.
Shri. D. Sathiyansaid that the altering order within the international spices and meals sector has elevated the relevance of infrastructure improvement for worth addition, certification for high quality and meals security, implementation of traceability programs, promotion of spices highlighting the immunity boosting properties, and so forth., and the Board has been working tirelessly to supply help to the stakeholders of the sector and to strengthen the provision chain in order to place India because the premier vacation spot for clear and protected spices to the world.
This UNDP-Spices Board joint initiative to construct a blockchain-powered traceability interface for Indian spices is one other vital milestone in our journey to make the spices worth chain environment friendly, clear and equitable for all stakeholders. This traceability interface is anticipated to boost client confidence and facilitate sourcing of spices for exports in addition to for native worth addition and use. Upon profitable demonstration, the Board want to increase the attain of this interface to cowl all main spices and areas of the nation, and expects to have steady partnership and help from the UNDP.
Speaking on the collaboration, Ms. Shoko Noda, Resident Representative, UNDP India, mentioned, “We are confident that the blockchain interface will help connect the spice farmers with international markets and add to their income. The technology can also help in rebuilding the pandemic affected supply chains by providing trading partners and consumers with trusted and secured data on goods and transactions.”
About Spices Board
Spices Board is likely one of the 5 Commodity Boards functioning below the Ministry of Commerce &Industry. It is an autonomous physique chargeable for the export promotion of the 52 scheduled spices and improvement of Cardamom (Small & Large). The primary capabilities of the Spices Board are the next: (i) Research, Development and Regulation of home advertising of Small & Large Cardamom; (ii) Post-harvest enchancment of all spices; (iii) Export promotion of all spices and helping exporters in know-how upgradation, high quality administration, model promotion, analysis & product improvement; (iv) Development of spices within the North East; (v) Regulation of high quality of spices for exports by means of its high quality analysis providers; and so forth.
UNDP works throughout 170 international locations and territories to eradicate poverty whereas defending the planet. We assist international locations develop robust insurance policies, expertise, partnerships, and establishments to allow them to maintain their progress. UNDP has labored in India since 1951 in nearly all areas of human improvement, from programs strengthening to inclusive development and sustainable livelihoods, in addition to sustainable vitality, atmosphere, and resilience. UNDP’s programmes proceed to combine a worldwide imaginative and prescient for catalytic change with India’s nationwide priorities. With over 30 initiatives on the bottom in nearly each state, at the moment, it really works to realize the Sustainable Development Goals by remodeling conventional fashions to do improvement otherwise.