Hamet Aguemon, panel Chair at OECD Blockchain Policy Forum

Hamet Aguemon, panel Chair at OECD Blockchain Policy Forum

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Hamet Aguemon, panel Chair at OECD Blockchain Policy Forum

On Wednesday, 5th September, 2018, Hamet Aguemon, Partner, chaired Agriculture Panel at OECD Blockchain Policy Forum, “Ripe for Disruption: Using Blockchain for Agricultural Supply Chains”.

The agri-food system affects environmental sustainability, human health and well-being, and distribution of wealth around the globe. Its effective and efficient functioning is often constrained by information gaps and asymmetries, as well as high transaction and coordination costs. This panel has explored how blockchain technology can help deal with these challenges by facilitating the management of value chain logistics, delivering regulatory compliance at lower cost, enabling effective tracking and traceability of products as well as improving transparency for all actors, from producers to consumers.

As SouthBridge is trying to fill this financial gap and offer better financial services, we thought there might be 3 main takeaways: look at the supply chain as a whole instead of individual segments, reduce the massive disparity across the value chain, play a more active role across the agricultural supply chain“, Hamet Aguemon, Partner.

Blockchain has the potential to transform the functioning of a wide range of industries. Its features can increase transparency and traceability, facilitate market access and improve the efficiency of transactions. Fulfilling blockchain’s potential, however, depends on the integrity of the processes and requires adequate policies and measures to unleash this potential while addressing the risks of misuse. Governments and the international community will play a significant role in shaping policy and regulatory frameworks that are aligned with the emerging challenges and foster transparent, fair and stable markets as a basis for the use of blockchain.

The OECD Blockchain Policy Forum was the first major international conference to take stock of blockchain’s impacts across the full range of government activities and public priorities. The forum addressed the benefits and risks of blockchain for our economies and societies, begin to identify good policy and regulatory approaches, and investigate uses in specific policy areas. The OECD welcomed over 1,000 senior decision-makers from the public and private sectors, experts, academics and other stakeholders for these landmark discussions.

Video on demand viewing the session is available now.

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