The new project is headed by Keralan think-tank the Development and Innovation Strategic Council (K-DISC), and will use blockchain, as well as Internet of Things (IoT) technology, in an attempt to make the state’s supply network for dairy products, vegetables and fish more efficient.
Each component of the supply network would have a separate ID number, through which its source, production, quality, and distribution could be monitored on a blockchain.
The state will also reportedly use blockchain for its crop insurance scheme, ensuring the tamper-proof and efficient processing and settlement of claims for farmers suffering crop losses. Immutable data on the blockchain can help to judge whether the crop loss was due to natural causes or other factors, and the technology can further serve to disintermediate disputes between insurance firms and beneficiaries, eliminating the need for third party representatives.
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