The government of Kerala in South India is implementing a blockchain project tracking supply chains of everyday products.
The project, led by the Strategic Board development and innovations of Kerala state (K-DISC), in addition to the blockchain will use the technology of RFID and the Internet of things (IoT). A workable solution is designed to track the supply of milk, vegetables and fish in the state.
As explained by the head K-DISC K M Abraham (Abraham K M), the introduction of blockchain solutions in the dairy sector will provide constant control of production, procurement and distribution of milk in the market of a million consumers. Delivery of product will be more rapid, in addition with the help of RFID tags and hardware, the IoT is tracking the temperature in the process.
The place of fishing, and crops will be associated with geocoderesponse images. It will also allow you to monitor and test products in real-time. Monitoring will be undertaken at each stage of the process delivery of goods to points of sale to customers.
The government of the Indian state considering the use of blockchain technology in the crop insurance program for farmers. At K-DISC believe that the new technology will help to make the process “more intelligent and trustworthy”, to ensure quick processing and settlement of insurance claims. In addition, the blockchain could help determine whether yield losses due to natural causes, covered by insurance, according to authorities of the state.
Tracking supply chains is one of the most popular applications of blockchain technology. Over decisions in this area are companies such as Alibaba Australia, SAP, Unilever, and IBM. The insurance industry is also showing interest in the development and implementation of DLT solutions. It was reported about similar projects in companies such as Australia and New Zealand Banking Group (ANZ), Marsh, Beazley.