The Tanzanian government stepped in to set a price for cashew nuts © 123RF
The Tanzanian government stepped in to set a price for cashew nuts © 123RF

Blockchain could avert commodity crises

Will Green is news editor of Supply Management
6 December 2018

The use of blockchain in agricultural supply chains could avert commodity crises caused by market volatility.

Julius Akinyemi, founder and CEO of technology company Unleashing the Wealth in Nations (UWIN), said he expected disputes between buyers and farmers, as exemplified by the recent cashew nut crisis in Tanzania, to increase as the global economy slows.

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