News & Views
Bangladesh hatcheries get in on blockchain trials
By Mari-Len De Guzman
Hatcheries in Bangladesh are participating in a blockchain-based food traceability trial spearheaded by Indian tech company ByteAlly and Feed the Future Bangladesh Aquaculture and Nutrition Activity (BANA).
According to blockchain news site, Ledger Insights, the blockchain food traceability program is scheduled to start in the first week of September, initially involving fish farms, hatcheries and nurseries from Bangladesh’s Jessore district. The second phase will target the marketplace, such as distributors, processors and retailers.
Feed the Future U.S. government initiative, working with other countries to address food security and poverty challenges. BANA is a five-year project with an investment of $24.5 million by the U.S. Agency for International Development,
Using ByteAlly’s technology, the project will use blockchain to trace a new high-yield carp variety, which has been developed to grow to harvest size in just 18 months, a few months faster than the traditional 24-month production cycle for the species.
“Using blockchain technology, BANA will track and trace the fish, thereby establishing trust, managing risk, and ensuring the quality of the carp,” the report said. “If successful in its future phases and possible expansion, the program will benefit not only the stakeholders of the seafood and aquaculture market, but also the wider population in tackling poverty and malnutrition throughout Bangladesh.”