While the technology is in many ways still nascent, it seems already that only a small few of the world’s commodities have yet to be traded using blockchain.
Most of these dalliances seem to peter out quickly, but there are a small number of cases where perseverance and commitment has seen the potential of small blockchain projects begin to flourish.
Agriculture, led by rice production, comprises around one-third of Cambodia’s GDP and it employs 80% of the population, according to the International Finance Corporation. Rice plays such an important role in the country’s economy that Cambodia’s Prime Minister has even referred to the commodity as ‘white gold’.
© 2020, All rights reserved.