• Follow Us On : 

New Palm Oil Alliance ‘SUSTAIN’ Initiates Blockchain Solution to Drive Sustainable Practices Across the Supply Chain


Redaksi | Kamis,13 September 2018 - 12:46:14 WIB
Dibaca: 816 kali 
New Palm Oil Alliance ‘SUSTAIN’ Initiates Blockchain Solution to Drive Sustainable Practices Across the Supply Chain SUSTAIN (Sustainability Assurance & Innovation Alliance), a new grouping of oil palm growers, palm oil processors, consumer goods manufacturers, not-for-profit organizations and technology leaders, was officially formed on 07 September 2018 to initiate a

SINGAPORE - Media OutReach - 12 September 2018 - A new grouping of oil palm growers, palm oil processors, consumer goods manufacturers, not-for-profit organizations and technology leaders recently gathered to initiate a blockchain solution that aims to improve traceability to production areas and accelerate the push towards NDPE (No Deforestation, No Peat, No Exploitation) compliance in the complex palm oil chain.


SUSTAIN (Sustainability Assurance & Innovation Alliance), a new grouping of oil palm growers, palm oil processors, consumer goods manufacturers, not-for-profit organizations and technology leaders, was officially formed on 07 September 2018 to initiate a blockchain solution that aims to improve traceability to production areas and accelerate the push towards NDPE in the complex palm oil chain. Companies in attendance at the SUSTAIN launch included palm oil companies Apical and Asian Agri; renewable diesel producer Neste; consumer goods manufacturer KAO; facilitation team CORE (Proforest and Daemeter); and technology partner SAP. Additional collaborators from across the palm oil supply chain are expected to join the new alliance as it further develops an industry solution.

SUSTAIN (Sustainability Assurance & Innovation Alliance) brings together relevant stakeholders in the palm oil industry to collaboratively address landscape-level sustainability issues and allow synergy creation among industry players by establishing a common blockchain-based platform for palm oil. 

Companies in attendance at the SUSTAIN launch included palm oil companies Apical and Asian Agri; renewable diesel producer Neste; consumer goods manufacturer KAO; facilitation team CORE (Proforest and Daemeter); and technology partner SAP. Additional collaborators from across the palm oil supply chain are expected to join the new alliance as it further develops an industry solution.

"SUSTAIN is not about building another traceability data collection tool, analytics or dashboard. The key focus of SUSTAIN is to promote collaboration and align efforts in solving landscape-level issues by leveraging on technology to address shared challenges in the supply chain," said Dato' Yeo How, President, Apical Group. "We aim to work together with industry partners in creating an industry solution towards greater transparency and sustainability assurance through the successful integration of sustainability good practices with the latest technological solutions."

It is envisioned that SUSTAIN will provide open access to a system with downloadable tools that can be utilized by a wide range of users such as dealers and smallholders. The tools can be used by all parties to establish traceability, monitor policy compliance, efficiently trade FFBs (fresh fruit bunch), obtain best practice guides, and access innovative ESG-linked micro-financing. 

The new industry alliance launches at a time when palm oil continues to play a vital role in satisfying global demand for vegetable oils driven by the exponential growth of the world's population. Palm oil remains the most feasible option for consumer products due to its unique properties and yield per hectare ratio which is the highest among all vegetable oils. The alliance aims to build on the increasing push towards collaborative effort and landscape approaches that the palm oil industry is driving.

"SUSTAIN will capitalize on the advantages of blockchain technology to encourage industry-level collaboration and wide adoption of a common blockchain-based platform as a practical solution to drive supply chain transformation to improve market access for palm oil products," Yeo added. "The initiative has been created to acknowledge the critical roles of palm oil mills, dealers, agents, and smallholders in the supply chain and works towards inclusion and progressive transformation."

SAP has joined SUSTAIN as technology partner. The company has been working with more than 60 enterprises across industries to create blockchain use cases in supply chain, manufacturing, transportation and pharmaceuticals.

"SAP believes innovation is driven from a deep understanding of our customers' business and the environment in which they operate and the communities they serve. We are delighted to be working with SUSTAIN as their technology partner," said Jim Cook, Vice President, Industries and Digital Leader, SAP South East Asia. "SAP Leonardo, our innovation platform supporting new technologies such as Machine Learning, Artificial Intelligence and Blockchain, will be used as a platform for SUSTAIN. SUSTAIN will capitalize on the advantages of blockchain technology to encourage industry-level collaboration to improve traceability and management of sustainable sources. Collaboration across the many stakeholders in this industry is vital to protect the livelihoods of those who work in the industry and protecting the environment."


Akses Wahanariau.com Via Mobile m.Wahanariau.com
Untuk Berbagi Berita / Informasi / Peristiwa
Silahkan SMS ke nomor HP : 085271472010
atau email ke alamat : [email protected]
Harap camtumkan detail data diri Anda
Pengutipan Berita dan Foto, Cantumkan Wahanariau.com Sebagai Sumber Tanpa Penyingkatan
TULIS KOMENTAR
BERITA TERKAIT
Senin,15 Juli 2019 - 14:31:24 WIB

MIT's Research Enterprise In Singapore Launches New Research Group, Boosting Nation's Cell Therapies R&D

MIT's Research Enterprise in Singapore, SMART, launches a new research group, Critical Analytics

Rabu,08 Mei 2019 - 01:23:39 WIB

New Thread-In Spring-Loaded Plunger from Southco Accommodates Thin Panels

CHINA - 7 May 2019 - Southco Asia Ltd., a subsidiary of Southco Inc., a leading globa

Sabtu,18 Agustus 2018 - 04:19:48 WIB

Changsha IFS and Steven Harrington Join Hands to Introduce New Trends of Pop Culture in Changsha

CHINA - August 17, 2018 - A new and fashionable landmark in central China and retail complex dedicat

Selasa,27 November 2018 - 23:53:12 WIB

New RICS President Takes Office, Focuses On The Future

Chris Brooke will focus on three key areas -- promoting the work of surveyors, making su

Jumat,26 Juli 2019 - 15:04:56 WIB

RICS Appoints New Chair for its Matrics Committee in Hong Kong

CHINA - 26 July 2019 - Mr Alan Choi MRICS, manager at Emperor International Holdings, has been

Rabu,21 November 2018 - 00:03:47 WIB

New Ways Amazon is #DeliveringSmiles this Holiday for Customers in New Zealand

This holiday season, customers have the ability to browse 50 million products and find thousands of

BERITA LAINNYA
Senin,19 Agustus 2019 - 14:16:59 WIB

Komisi Dakwah MUI Nilai UAS Tak Bermaksud Mencela Agama Lain

JAKARTA - Wakil Ketua Komisi Dakwah Majelis Ulama Indonesia (MUI), Fahmi Salim merespon soal isi cer

Senin,19 Agustus 2019 - 14:03:14 WIB

Polisi Negosiasi dengan Massa Manokwari

MANOKWARI - Kepolisian Daerah Papua Barat sudah turun melakukan pengamanan terkait aksi unjuk rasa m

Senin,19 Agustus 2019 - 13:55:10 WIB

Rusuh di Manokwari Dipicu Insiden Surabaya - Malang

JAKARTA - Kapolri Jenderal Tito Karnavian mengakui kerusuhan di Manokwari, Papua Barat, Senin (19/8/

BERGABUNG DI SINI
KABAR POPULER
IKUTI BERITA KAMI