DAILY NEWS ANALYSIS
05 April, 2021
3 Min Read
Spices Board India and UNDP India's Accelerator Lab sign MoU to develop blockchain-powered traceability Interface for Indian spices. This new interface will serve to enhance transparency in supply chain and trade.
India is the largest exporter, producer and consumer of spices in the world.
What are Blockchains?
How it operates?
Benefits of blockchain technology:
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About Spices Board
Spices Board is one of the five Commodity Boards functioning under the Ministry of Commerce & Industry.
It is an autonomous body responsible for the export promotion of the 52 scheduled spices and development of Cardamom (Small & Large).
The main functions of the Spices Board are the following:
(i) Research, Development and Regulation of domestic marketing of Small & Large Cardamom;
(ii) Post-harvest improvement of all spices;
(iii) Export promotion of all spices and assisting exporters in technology upgradation, quality management, brand promotion, research & product development;
(iv) Development of spices in the North East;
(v) Regulation of quality of spices for exports through its quality evaluation services; etc.
Source: PIB
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