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Sustainable Sugar Blockchain Project Receives $1.7M from Australian Government

The Australian government has funded the Sustainable Sugar Project with the equivalent of USD 1.7 million to track the origin of sugar imported into the country.

The project has been curated by the Queensland Cane Growers Organization using blockchain technology to track the source, and movements of sugar being sold in Australia. It is part of a larger initiative of the Smart Cane Best Management Practice that is attempting to bring transparency to the sugar industry and promote sustainability.

The organization spoke to Foodnavigator-Asia on Monday, outlining the benefits of utilizing blockchain technology in the food industry, noting that its immutable nature with all transactions recorded can give consumers confidence in their purchases and promote improved food standards policies.

The Sustainable Sugar Project is a collaboration of industry expertise from individuals in the farming and blockchain sectors, basing the initiative on three key factors: productivity, sustainability, and profitability.

Agriculture minister David Littleproud said the technology involved with the project would help assure buyers of the sustainability of the sugar and practices involved in cultivating it. He predicted that as the demand for sustainably-sourced products grows, people will be happy to pay more for sugar that can be proven to meet their required expectations.

Blockchain in logistics

This is not the only exciting blockchain innovation Australia is involved with right now, however. The Commonwealth Bank of Australia announced Monday it had successfully shipped 17 tons of almonds from Sunraysia to Hamburg, Germany while utilizing a newly-developed blockchain platform.

These cases are both examples of the practical use-cases of blockchain in international supply chains, allowing the movements of commodities to be tracked across the globe. Blockchain technology is being hailed by logistics companies as a cheaper, more effective alternative of tracking complex supply systems.

 

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