Government of Dubai Authority on commodities trade and enterprise, Dubai Multi Commodities Centre (DMCC) has rolled out a technology-driven agri-commodity trading and sourcing platform “Agriota E-Marketplace”. The platform which uses blockchain will help in bridging the gap between millions of rural farmers in India and the UAE’s food industry.
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The Agriota platform will connect Indian farmers directly with the entire food industry in the UAE, including food processing companies, traders as well as wholesalers. The E-Marketplace will enable them to bypass intermediaries and optimise the supply chain. It will also ensure end-to-end traceability and transparency in order to create value for all stakeholders. This will result in empowerment of local communities and provide better quality farm-to-shelf products, simultaneously expanding the UAE’s long-term food security.
Important takeaways for all competitive exams:
- Chief Executive Officer of Dubai Multi Commodities Centre: Ahmed Bin Sulayem.
- President of UAE: Sheikh Khalifa bin Zayed Al Nahyan.
- Capital of UAE: Abu Dhabi; Currency: United Arab Emirates dirham.
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