The emergence of Blockchain technology could have a transformative impact on the palm oil industry by creating an end-to-end traceable and verifiable supply chain. Implementing Blockchain technology in the Malaysian palm oil industry could offer great value and differentiate Malaysia's palm oil production as sustainable and credible.

Application of Blockchain in the Malaysian palm oil industry not only provides an unprecedented level of trust in the supply chain, but also contributes to protecting the working conditions and legal employment of field workers, gives plantations rich data on crop harvesting. With the use of geolocation features, farmers, governments, certification authorities, and producers can maintain digital inventories of the plantations, track land concessions and implement sustainable land usage planning policies. Additionally, in combination with the use of sensor technology, a Blockchain based solution could minimize spoilage by monitor temperature and humidity during processing, storage, and transport, as well as integrating this data on a single, shared platform.

This presentation will share insights to the potential application of Blockchain technology for the Malaysian palm oil industry, to create greater transparency and traceability across the end-to-end supply chain.