ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Cambodian rice farmers turn to blockchain to gain pricing power

Tech behind bitcoin could show retailers whether growers were fairly paid

Cambodian rice farmers may be getting some new leverage when it comes to selling their harvests.    © Reuters

BANGKOK -- Blockchain, the technology behind bitcoin, has made its way to Cambodia, where rice farmers are using it in the hopes of getting better prices for their grain.

An international nonprofit organization has brought the technology, which usually keeps track of cryptocurrency transactions, to Cambodia's northern province of Preah Vihear to ensure that vulnerable farmers get fair prices.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more