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Creation of Blockchain based traceability for 100 Farmers Producer Organisation

Last Updated on 2020-03-27
CSR

CSR ID: 10048

Traceability has become a critical element in supply chain management, particularly in safety-sensitive sectors like food, pharmaceuticals, etc. Upstream [manufacturers, producers, etc.] and downstream [distributors, wholesalers, etc.] supply chain members need to store and handle traceability-related information for providing proof of regulatory compliance to both state authorities and more demanding customers. More specifically, FSSAI has mandated food producers to trace all raw materialsoringredients used throughout their supply chain operations to claim natural, organic or fresh. Consumers also place high expectations on food supply chains [FSC] with specific emphasis on facets related to safety. However, the complexity of modern FSC networks and their fragmentation act as barriers for the development of sound traceability mechanisms. This project aims to scale the distributed functional model to provide decentralized and automated FSC traceability based on blockchain technology and smart contracts. The applicability of the model is being piloted by MABIF through development of a fully functional smart contract and a local private blockchain. The overall benefits of the model are assessed based on a set of predefined Key Performance Indicators [KPIs]. The results are of significant to both practitioners and researchers. Hence, MABIF propose to rope in 100 more FPOs to the traceability ambit, which has indirectly benefits like financial inclusion, better price realisation, price forecast, demand and supply management among others.

Project Snapshot
  • Sector
    CSR
  • Sub-Sector
    Technology Incubators
  • CSR Sub-Sector Brief
    Infrastructure & Facilities
Funding Details
  • Funding Requirement (in USD)
    0.94 mn
  • Funding Status
    Partially funded
Other Funding Detail
  • 750 [5 years] NABARD- Creation of Infrastructure 3.09 Cr- Equipment and Machineries- 6 Cr- Operation and Manpower Cost- 3.12 Cr
Project Location| Chennai, Tamil Nadu India
Address 1:

Tamil Nadu, Chennai

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