Indian is an agrarian country where more than 60% percent of its income depends upon the farmers. UAE has unveiled Agriota E-Marketplace, a technology-driven agri-commodity trading and sourcing platform that uses blockchain to help bridge the gap between rural farmers in India and the UAE’s food industry.
The platform will reportedly provide Indian farmers the opportunity to connect directly with food processing companies, traders and wholesalers in the UAE. Additionally, it will also offer cereals, pulses, oilseeds, fruits, vegetables, spices and condiments.
“The UAE has a comprehensive plan in place to ensure food security and champion agribusiness trade facilitation, with the ultimate goal of positioning our nation as a world leading hub in innovation-driven food security. The launch of an innovative model like Agriota will inch the UAE closer to the top of the Global Food Security Index,” says Pavan Kapoor, Ambassador of India to the UAE.
The platform has been backed by Dubai Multi Commodities Centre (DMCC). It will allow farmers to bypass intermediaries, optimizing the supply chain and ensuring traceability. It provides this transparency through last-mile verification and extension infrastructure in a blockchain environment.