Assam Company India Limited Taps Blockchain

Assam Company India Limited (ACIL), an Indian corporation engaged in tea plantation, has put up a plan to integrate new technologies such as Blockchain, Artificial Intelligence (AI) and Big Data into its processes and reward tea farmers for their hard work.

On October 23, 2019, according to reports, the idea is aimed at helping to maximize tea plantation output in five-folds, which could amount to a targeted 50 Million kilograms of tea in five years.

Transforming Tea Farming with DLT

Distributed ledger technology (DLT), the building blocks of Bitcoin, Ethereum and most of the altcoins, continues to have a meaningful impact on human life.

However, in the latest development, ACIL is set to tap the revolutionary technology for tea supply chain traceability, to enable consumers from all parts of the globe to know exactly where the tea leaves they consume are harvested.

Specifically, the team says that the blockchain solution will come with a barcode scanner along with a unique reader, taking care of the traceability, identification, verification of authenticity and quality assurance processes.

Recording the Supply Chain from “Farm to Cup”

ACIL says that it has inked a partnership deal with SmartFarms Inc, an American firm, to roll out the “Farm to Cup” initiative, which is aimed at promoting transparency in the entire tea supply chain by allowing consumers to get the entire details of their tea straight from the farm.

The oldest tea farming company in the world, Assam Company was originally incorporated in the UK by the Royal Charter of the British Empire in 1839, within weeks of the first shipment of tea leaves from India’s Assam region being auctioned in London.

Likewise, BR Shetty, the Chairman of Assam Company India Limited, noted that the primary objective of the project is to retransform the tea industry with DLT, while also transforming people’s lives.

He said:

“Our aim is to bring technology and innovation at the forefront of the tea industry. This will not only impact the lives of 26,000 farmers at our estates, but the entire workforce employed in the tea sector across the country.” BR Shetty

ACIL also seeks to properly reward the workers, who grow the tea leaves by a tea drinker living anywhere in the world.

Source: thenational.ae | btcmanager.com

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