In an expression of interest (EoI) announced by Tea Board India on October 17, 2019, top corporates and tech giants such as Amazon, Infosys and Yes Bank alongside 25 companies have shown keen interest to help Tea Board use blockchain and allied technology solutions to bring traceability in the entire value chain of tea trade.

In an ET report, the deputy chairman Arun Kumar Ray of Tea Board India said that this exercise of leveraging blockchain technology will help them in determining the traceability of the produce, particularly the orthodox blends of tea.

By using this technology, Tea Board will be able to determine the quality, purity and assay of the tea exported from the country, he added.

Recently, the minister of state for electronics and IT, Sanjay Dhotre said that blockchain technology has the potential to impact various segment such as governance, BFSI, cybersecurity among others.

The ministry of electronics and information technology (MeitY) is looking to formulate a national level blockchain framework, to help the country adopt blockchain technology faster. | To read full story, visit https://startuparound.com/read/1575212410.1618454/Tea-Board-India’s-Blockchain-Ambitions-Gets-Push-From-Amazon,-Infosys?ref=audio_experience