DMCC (Dubai Multi-Commodities Centre) together with cropdata has launched Agriota E-Marketplace, a blockchain powered agri-commodity trading and sourcing platform.
DMCC is the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise.
The blockchain platform will help bridge the gap between millions of rural farmers in India and the UAE’s food industry. The Agriota platform provides Indian farmers the opportunity to connect directly with the entire food industry in the UAE, including food processing companies, traders and wholesalers. The marketplace allows them to bypass intermediaries, optimising the supply chain and ensuring traceability to create value for all stakeholders.
Farmers can participate directly with the large demand from the UAE’s market. This type of aggregation has the potential to empower local communities, deliver better quality farm-to-shelf products and expand the UAE’s long-term food security. Initially, the platform will offer cereals, pulses, oil seeds, fruits, vegetables, spices and condiments.