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Blockchain Platform to Track $2.5B Worth of Tea Products


Blockchain Platform to Track $2.5B Worth of Tea Products

The Chinese province of Yunnan will track their tea supply chain using blockchain technology. The Chinese province of Yunnan announced the official launch of a blockchain-powered traceability platform for its Pu’er tea farms on June 3. The blockchain platform was first announced in the 2020 Phoenix Nest Ancient Tree Spring Tea New Product Launch Conference in Kunming, Yunnan. They will use the platform to conduct quality control, sales, and loan financing operations on 42,000 hectares of farmland across the province. According to Chinanews, the province is famous for its dark, fermented variety of tea. It’s the major Chinese agricultural products exporter, and hit almost $33 million in 2018 according to reports. Read More...