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AGRICULTURE
canegrowers.com.au

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Stage

Grant | Alive

Total Raised

$1.7M

Last Raised

$1.7M | 3 yrs ago

About Queensland Cane Growers

Queensland Cane Growers is leading the Sustainable Sugar Project, which aims to use blockchain technology to improve supply chain transparency.

Queensland Cane Growers Headquarter Location

L6/100 Edward St

Brisbane, Queensland, 4000,

Australia

Latest Queensland Cane Growers News

Blockchain Project For Sustainable Sugar Receives Grant From Australian Gov’t

Jul 31, 2018

The Australian government has awarded a $2.25 million AUD ($1.7M USD) grant to the Sustainable Sugar Project, which aims to use blockchain technology to improve supply chain transparency. Led by the Queensland Cane Growers Organization, the Sustainable Sugar Project will use blockchain to implement the Smart Cane Best Management Practice (BMP). The goal of the BMP initiative is to show sugar buyers where the sugarcane came from and the sustainability of that farm. “Blockchain’s main attribute is that it’s a secure database in which all transactions are recorded and visible,” a spokeswoman from Cane Growers said. “The quality sugar produced from the sustainably-grown cane can be traced back through the chain, giving consumers confidence in what they are buying.” The grant was delivered to Queensland Cane Growers who will partner with Queensland Sugar Ltd on this four-year project. The government said that this project will help unlock higher farm gate prices, increase exports and better access to markets in the future. David Littleproud, Minister for Agriculture and Water Resources, said consumers and food manufacturers want sustainably sourced food and fiber, including sugar, and they want to know where it comes from. “This technology would provide assurances around the sustainability of our sugar and ensure cane farmers using sustainable practices can attract a premium for their product,” said Littleproud. “Because the demand for sustainably-produced food continues to grow, this project will help to increase exports and help gain better access to markets to capitalize on our important free trade agreements.” Due to the complexity and lack of transparency of in current supply chains, the logistics industry has been exploring blockchain technology to increase the efficiency and transparency of supply chains and positively impact everything from warehousing to delivery to payment. Earlier this week, the Commonwealth Bank of Australia completed a successful trade of 17 tons of almonds to Europe using an ethereum blockchain platform, underpinned by distributed ledger technology (DLT), smart contracts and the Internet of Things (IoT). Search for:

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Expert Collections containing Queensland Cane Growers

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Queensland Cane Growers is included in 2 Expert Collections, including Supply Chain & Logistics Tech.

S

Supply Chain & Logistics Tech

2,865 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

B

Blockchain

2,947 items

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