The Cointelegraph, a publication that covers the latest news and analyses on fintech, blockchain and Bitcoin, has told its readers about the Malaysian palm oil industry’s new blockchain-based app. This new technology enables users to trace palm oil from plantation to mill to final product. This is yet another way that Malaysia is meeting the world’s growing demand for clean, traceable, responsibly produced palm oil. The article points out that Malaysia, which has enacted a mandatory, national palm oil sustainable certification program, is responsible for 20% of global fats and oils experts, and produces this oil on just 0.11% of global agricultural land.
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