Spain to Develop Blockchain Tech Application for Transparency in Forestry Industry

Published at: Sept. 24, 2018

The Spanish Ministry of Agriculture, Fisheries and Food plans to apply blockchain technology to develop the forestry industry, local news outlet EuropaPress reported September 21.

The operating group, entitled ChainWood, aims to improve the traceability and efficiency of the wood supply in Spain by implementing blockchain technology in industry logistics.

ChainWood is a group of eight partners from different Spanish regions, including Galicia, the Community of Madrid, Andalusia, Castilla y León, and Asturias. The operating group was created with funding by the Ministry of Agriculture, Fisheries, and Food, the Directorate General for Development Rural and Forest Policy, and the General State Administration, with a total subsidy of 93,350 euros.

The working meetings of ChainWood have already been held in Santiago de Compostela and Madrid, with the group set to develop a cloud-based software “that will improve the transparency” to forestry processes — like the creation of solid wood, disintegration, cellulose paste, and biomass — by applying blockchain, big data, and machine learning.

Once the platform has been developed, ChainWood will carry out pilot experiments in Castilla y León with the poplar, Asturias with the chestnut, and Galicia with the oak tree.

Back in August, China’s northern Sichuan province government signed a strategic cooperation contract establishing a new company, Hangzhou Yi Shu Blockchain Technology Co., Ltd, for “forestry economic development and industrial poverty alleviation.”

Previously this summer, the Catalonian Government had revealed a plan to promote blockchain technology “with the aim of improving digital services to the public,” Cointelegraph reported July 25.

Tags
Blockchain
China
Government
Spain
Related Posts
Our Man in Shanghai: Huobi to become Grayscale of Asia, Yao Ming’s NFT wine and more ...
This weekly roundup of news from Mainland China, Taiwan and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Huobi Asset Management is looking to be the Grayscale of Asia with the launch of four cryptocurrency-related tracker funds. The funds include a Bitcoin Fund, an Ethereum fund, a multi-asset basket of digital currencies, and a private equity fund for mining businesses. The aim is clearly to entice major institutional investors into the space with a product that feels familiar. The fund and asset management company is set …
Technology / April 30, 2021
Argentina’s Dep. Finance Minister: Crypto Adoption Could Reduce Demand for US Dollar
Huobi Group CEO Leon Li met with senior Argentinian finance officials this week to discuss the role of blockchain and crypto in the country’s economy, according to a press release shared with Cointelegraph on March 29. In a meeting in Beijing, Argentina’s Deputy Minister of Finance, Felix Martin Soto, claimed that the government should address crypto and blockchain tech as a way to promote Argentina’s financial inclusion and reduce state costs. Soto, who leads Argentina’s international financial relations, explained that half of the country’s population does not have bank accounts and operate cash transactions by converting their savings to United …
Adoption / March 29, 2019
China’s IT Ministry Makes Blockchain, Data Security Focus of One of Its Key Labs for 2018
China’s Ministry of Industry and Information Technology (MIIT) has included a blockchain-dedicated laboratory on the list of its key labs for 2018, published August 13. According to the ministry's post, the lab will be dedicated to harnessing blockchain for the data security industry and IT, and will be overseen by the National Industrial Information Security Development Research Center. Earlier this month, MIIT proposed a number of measures to accelerate blockchain adoption, saying it would enhance interaction with various localities and departments, and would build a robust industrial ecosystem to allow for the gradual extension of blockchain across diverse fields. In …
Adoption / Aug. 13, 2018
China’s State-Run Media: Bitcoin Is Blockchain’s First Success
The official Chinese state-run Xinhua News Agency has published a report recognizing Bitcoin (BTC) as “the first successful application of blockchain technology.” Published today, Nov. 11, the coverage is exceptional given China’s abiding hardline stance against decentralized cryptocurrencies, as epitomized by Beijing’s historic September 2017 blanket ban on crypto exchanges and initial coin offerings. Even-handed exposure The Xinhua article is broadly positive and detailed in its coverage of Bitcoin and the history of its development and evolution. It opens by posing the question of whether the coin represents the “inevitable trend of future currency development or just another ‘tulip’ hype?” …
Blockchain / Nov. 11, 2019
China: Veteran Regulator Tells Sichuan to Tap Hydropower for Blockchain
A veteran Chinese regulator has told those tasked with steering the strategic development of Sichuan province to tap surplus hydropower for the blockchain industry. Jiang Yang — former vice-chairman of the China Securities Regulatory Commission — advised strategists that: “Sichuan should study further about how the province’s cheap hydropower resources can attract digital currency-related businesses.” Yang’s remarks were noted in an Oct. 30 report from South China Morning Post. Use cryptocurrency mining to absorb excess output Sichuan, located in south-western China, has a protracted rainy season and is thus the country’s biggest producer of hydropower. In 2018 alone, the province …
Blockchain / Oct. 31, 2019