Blockchain firm BloomBloc and the Malaysian


  • News
  • 26 Mar 2020
    • Share

Malaysia to Pilot Blockchain for Sustainable Palm Oil

Blockchain firm BloomBloc and the Malaysian Palm Oil Council (MPOC) are piloting a traceability platform to improve palm oil supply chains and revenues. The initiative was announced at the recently held World Economic Forum (WEF) in Davos, Switzerland. Bloombloc has offices in Switzerland and Malaysia. Using blockchain, Malaysia aims to provide customers with transparency into palm oil supply chains, focusing on sustainability. BloomBloc has developed a mobile application and a web interface for recording information to the blockchain. The data stored includes details of each tree, fruits harvested, extraction processes and more. BloomBloc and MPOC previously trialed the blockchain platform and will now run pilots with Malaysian palm plantations, smallholders, and palm oil processors. It uses enterprise blockchain Hyperledger Fabric.

Posted by

Ledger Insights

Copyright ©Bursa Malaysia Berhad (30632-P). All rights reserved.