President of France Advocates Blockchain Use for Innovating Farming Supply Chain Management

Emmanuel Macron, the president of France, has been an advocate of the blockchain technology for a time now. Now, he has spoken about the use of this technology in order to innovate the supply chain management of the agricultural industry in the continent. Macron talked about this at the 56th International Agriculture Fair in Paris, which happened last weekend.

According to the president of France, European nations should be united to counter the competition from external markets like China, Russia, and the United States and the use of the blockchain could be a good idea for this.

Emmanuel Macron has identified a total of three strategies that are set to move the country forward in this stance. At the occasion, he has also affirmed that no farmer or consumer should be subject to non-European countries' practices.

Among the measures that were dictated by the president, it was the use of “vanguard technologies” like the blockchain, also known as the distributed ledger technology. According to him, tools like the blockchain can help to track any kind of product ever since its creation. This must be used in order to innovate in the agricultural industry and will serve the customers.

The blockchain, the president defends, can be used to bring more transparency to the world of agricultural production and distribution at the same time that it will help to commercialize products that will bring more value to the customers.

Macron has also used the occasion to focus on shared development opportunities in Africa, which could beneficiate both Africa and France via strategic partnerships.

Macron And The Blockchain

Emmanual Macron has been a believer in the blockchain technology for quite a while now. He has always supported this kind of innovation in the country since he entered office in 2017.

One of Macron’s promises was to turn France into a “startup nation” that could create value and bring innovation to the country, which would give it an edge internationally.

Now, as the blockchain is gaining traction in many industries, the president is ready to promote its use in order to give France all the advantages that it can.

France is not the only country to promote blockchain technology in agriculture. China, for instance, has recently created a framework to do just that. China is one of the countries that grew the most recently, so this could mean that France is on the right path.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide