Oxfam to Empower Cambodian Rice Farmers With Blockchain
Oxfam has launched a pilot project in Cambodia to help rice farmers getting paid their fair share using blockchain technology. Blockchain for Livelihoods from Organic Cambodian Rice, or Blocrice, will analyze and test how 50 farmers can be empowered by having up-to-date information and value distribution in their supply chain.
Taking place in Cambodia's northern province of Preah Vihear, the pilot digitizes and registers contracts between farmers' cooperatives and exporters on the blockchain platform, including details such as the primary purchase price, trade volume, and transportation method. Cashless payments to farmers will be processed through bank accounts so they can be recorded.