This post was originally published on March 27, 2020 and updated on October 6, 2020.
Certified sustainable and infinitely versatile, Malaysian palm oil is a key ingredient in America’s food supply. Now the Malaysian Palm Oil Council has taken steps to make its sustainable practices even more transparent. As reported in “Nutraceutical Business Review,” Malaysia is reinforcing its commitment to accountability and traceability with a blockchain app specifically for the country’s palm oil industry.
The app automatically creates an end-to-end digital ledger, providing irrefutable transparency, accuracy and credibility for stakeholders and end customers. The article quotes Malaysian Palm Oil Council CEO Datuk Dr. Kalyana Sundram who says, “The MPOC’s pioneering venture into blockchain technology demonstrates our commitment to maintaining our industry’s sustainability and enhancing its marketability. It speaks volumes about our trust in our supply chain. And it is yet another way Malaysia is showing the world that we value our people and our planet.”
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