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.
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.