Kyrgyzstan Turns to Blockchain Within Agricultural Industry
A blockchain-based meeting was held on the 6th of September by Kyrgyzstan’s Ministry of Agriculture to discuss use cases for DLTs within their agricultural sector. The ministry’s online statement noted that the meeting would discuss various blockchain based projects with the aim of enhancing national systems for food health and safety. During a speech given by state secretary, Tashbolotov, it was announced that Kyrgyz Republic Officials from the Food and Melioration sector as well as the Agricultural division will take part in encouraging the development of blockchain solutions to establish a new and improved system for food safety.
Blockchain Offers Speedier Processes
Sun Xiaodong is the spokesperson for Central Asia International, a technical director in charge of implementing blockchain systems within the small and large cattle sector. Xiaodong explained that all parties can benefit from utilizing blockchain database systems as it streamlines reporting and agreement processes.
Previously, the manner in which the process of agreement is carried out requires detailed documentation in paper-form derived from various resources. By shifting to blockchain tech, all members involved will be able to discuss transactional conditions whilst signing the agreement, ultimately minimizing the need for several reports.
Positive Results From Blockchain Trials
Such systems of data management would facilitate the ease of which supply chains can operate as well as connect warehouses, delivery systems, buyers, and any various participating members. This is also necessary for consumable goods that carry a limited shelf life. Numerous test-runs have been conducted to understand the effects of implementing blockchain technology within the agricultural division resulting in positive feedback in overcoming a variety of obstacles industry workers face.
Blockchain Promotes Simplicity
Blockchain-based systems also help maintain simplicity for processes such as product sales limiting the need for various mediators along the chain. For guaranteed success, the blockchain network should involve all parties associated with a given supply chain including producers, resellers, financial entities, analysts etc.
According to a study conducted this April by John Tiner and Partners law firm, Kyrgyzstan runs a legal system that not only supports both digital assets and blockchain structures but also promotes DLT development.